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Worldwide IoT in Discrete Manufacturing Market – Drivers, Opportunities, Trends, & Forecasts 2017 – 2023

April 2017 | 102 pages | ID: W933AE6952DEN
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IoT in Discrete Manufacturing Market – Drivers, Opportunities, Trends, and Forecasts: 2016–2022

Overview

Manufacturing is on the cusp of IT revolution. The manufacturing sector is one of the earliest adopters of automated processes and robots, and have been utilizing sensor-based technologies for decades, though without realizing their full potential. New technologies are being used not only to make the process more effective but also to radically improve visibility in manufacturing to the point where each production unit will be visible in the entire process.

Product analysis

IoT is considered as an extension of connectivity and automation, mostly in M2M communications. Under IoT, while the sensors are responsible for the generation of data, cyber-physical systems are meant to cooperate & communicate with each other and the humans in real-time. The requirement is to decentralize the decision making across the system and facilitate the cyber-physical system to take decisions on their own.

Market analysis

According to Infoholic Research, the “Worldwide IoT in Discrete Manufacturing Market” is expected to reach $49.85 billion by 2022, growing at a CAGR of around 25.1% during the forecast period 2016–2022. At present, the discrete manufacturers are facing various challenges such as shorter innovation cycle, high resource volatility, customer expectations and competition in terms of differentiation. The manufacturing organizations have prioritized technology-driven innovation to address these challenges. Thus, advanced data processing technologies, analytical forecasting models, and IoT are likely to drive significant change in the manufacturing industry in the next 5–10 years.

Technology analysis

Middleware is an important prerequisite for the organizations opting for IoT across the entire manufacturing process. It acts as an interface between various IoT components and can even connect complex programs. Cloud & Fog platforms with an IoT operating system is another prerequisite to drive the performance and optimization of the processes. Platforms available in the form of PaaS help the developers in the programming of applications and integrating other applications and services. Applications which are relevant to be deployed on these platforms are predictive maintenance, resource optimization, and energy data management. Analytics & data visualization comes bundled with these platforms and are necessary to predict and analyze asset performance and act accordingly.

Regional analysis

At present, North America holds the largest share in the IoT in discrete manufacturing market. The region has a significant presence of manufacturers in discrete manufacturing and a well-developed IoT ecosystem. It also receives good support from the respective central governments and have well planned IoT policies and regulations in place to support the industry. Europe has taken the lead for the development of technology and is likely to register a significant growth rate in the next 5–10 years. The big economies of Europe have experienced Y-o-Y decline in their manufacturing revenues in the past 5 years. As such, rejuvenating the existing manufacturing base remains a top priority for Europe. Asia Pacific is an emerging market for manufacturing and is registering a stable growth rate in the region, more significantly in India and China. The players in the region would be investing in IoT to address the competition in the exports market and to safeguard the manufacturing interests of their respective countries. The central governments in these economies have strategized IoT as a part of the digital economy and would be making significant investments in IoT applications throughout the region.

Key players

The key players in the IoT in discrete manufacturing market are the major IT organizations (hardware and software), pure IoT players, and the major players in manufacturing. The list includes IBM, Microsoft, PTC, Cisco, Zebra Technologies, Stanley Black and Decker, SAP, Wipro, TCS, Siemens, GE, Rockwell Automation, Schneider Electric and ABB. Several of these players are conglomerates and consider IoT as a major part of their strategic business plans.

Competitive analysis

There is a presence of global conglomerates in IT and manufacturing, pure IoT players as well as various start-ups with innovative solutions, in the IoT in discrete manufacturing market. The major vendors and conglomerates in the market have a well-developed ecosystem, which includes various technology partners, resellers, and strategic business partners. Thus, these players have a competitive advantage when it comes to addressing the need of the market. However, the needs of the manufacturers keep on growing day by day and are open to invest in innovative solutions available from small players as well. IoT start-ups have garnered around $8 billion in venture investments over the past 6 years. In addition, few of the start-ups in IoT manufacturing are also being funded by industrial tech organizations (for instance, SmartCloud being funded by Rockwell Automation).

Benefits

IoT is capable of addressing the challenge of growing complexities in supply chain networks, in achieving operational efficiencies, and reducing operational costs. In addition, lean manufacturing has become a common practice among manufacturers who believe that IoT could provide required agility & flexibility across the production, and supply chain environments. In a digital manufacturing environment, everything is likely to revolve around cyber-physical systems and highly capable sensors. Such a system would provide complete visibility of the value chain and control capabilities from remote locations which are considered as the major requirements to move towards smart manufacturing. As such, IoT forms a major part of the Industry 4.0.

Key stakeholders

Manufacturers, logistics players, managed service providers, system integrators, consulting agencies, network providers, cloud service providers, software providers, policy makers, investor community, university researchers, blog writers, and technology magazines.
1 INDUSTRY OUTLOOK

1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis

2 REPORT OUTLINE

2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

3 MARKET SNAPSHOT

3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
  3.2.1 IoT Discrete manufacturing market by types
3.3 Related Markets
3.4 IoT in process manufacturing

4 MARKET OUTLOOK

4.1 Overview
4.2 Market Trends
4.3 Market Definition
4.4 Market Segmentation
  4.4.1 Ecosystem – IoT in discrete manufacturing
  4.4.2 Major technological solutions in the discrete manufacturing market
4.5
  4.5.1 Major IoT solutions
4.6 Evolution of technology in manufacturing
4.7 Porter 5 (Five) Forces

5 MARKET CHARACTERISTICS

5.1 IoT enabled informed manufacturing
5.2 Future impact of IIoT applications in manufacturing
5.3 Market Dynamics
5.4 Drivers
    5.4.1.1 Business efficiency and lower operational costs
    5.4.1.2 Advancements in data analytics
    5.4.1.3 Rise in use of wireless solutions
    5.4.1.4 Aggressive growth strategy
5.5 Restraints
    5.5.1.1 Lack of standards and interoperability
    5.5.1.2 Security concerns
    5.5.1.3 Lack of technological and ROI understanding
5.6 Opportunities
    5.6.1.1 Growing market in Asia Pacific
    5.6.1.2 Connected products
  5.6.2 DRO – Impact Analysis

6 APPLICATION

6.1 Overview
  6.1.1 Data management
  6.1.2 Security
  6.1.3 Monitoring and tracking
  6.1.4 Predictive maintenance
  6.1.5 Others

7 SOFTWARE

7.1 Overview
  7.1.1 Applications
  7.1.2 Analytics & visualization
  7.1.3 Middleware
  7.1.4 Security
  7.1.5 Cloud & fog platform

8 SERVICES

8.1 Overview
  8.1.1 System Integration
  8.1.2 Consulting & knowledge sharing
  8.1.3 Managed services

9 VERTICALS

  9.1.1 Overview
  9.1.2 Machineries
  9.1.3 Aviation and Aerospace
  9.1.4 Automotive
  9.1.5 Computer, equipment & personal electronics
  9.1.6 Others

10 REGION

10.1 Overview
  10.1.1 North America
    10.1.1.1 US
    10.1.1.2 Canada
  10.1.2 Europe
    10.1.2.3 Germany
    10.1.2.4 France
    10.1.2.5 Netherlands
    10.1.2.6 Sweden
    10.1.2.7 Switzerland
    10.1.2.8 UK
  10.1.3 Asia Pacific
    10.1.3.1 China
    10.1.3.2 Japan
    10.1.3.3 India
    10.1.3.4 South Korea
    10.1.3.5 Australia
  10.1.4 Latin America
    10.1.4.1 Brazil
    10.1.4.2 Mexico
  10.1.5 Middle East & Africa (MEA)

11 VENDORS PROFILE

11.1 PTC
  11.1.1 Overview
  11.1.2 Business units
  11.1.3 Geographic revenue
  11.1.4 Business Focus
  11.1.5 SWOT Analysis
  11.1.6 Business Strategy:
11.2 Cisco Systems, Inc.
  11.2.1 Overview
  11.2.2 Business units
  11.2.3 Geographic revenue
  11.2.4 Business Focus
  11.2.5 SWOT analysis
  11.2.6 Business Strategy
11.3 Wipro Limited
  11.3.1 Overview
  11.3.2 Business units
  11.3.3 Geographic revenue
  11.3.4 Business Focus
  11.3.5 SWOT analysis
  11.3.6 Business Strategy
11.4 Rockwell Automation
  11.4.1 Overview
  11.4.2 Business units
  11.4.3 Geographic revenue
  11.4.4 Business focus
  11.4.5 SWOT analysis
  11.4.6 Business strategies
11.5 Siemens AG
  11.5.1 Overview
  11.5.2 Business units
  11.5.3 Geographic revenue
  11.5.4 Business focus
  11.5.5 SWOT analysis
  11.5.6 Business strategy
11.6 ABB Ltd
  11.6.1 Overview
  11.6.2 Business units
  11.6.3 Geographic revenue
  11.6.4 Business focus
  11.6.5 SWOT analysis
  11.6.6 Business strategy
11.7 General Electric
  11.7.1 Overview
  11.7.2 Business units
  11.7.3 Geographic revenue
  11.7.4 Business focus
  11.7.5 SWOT analysis
  11.7.6 Business Strategy
11.8 IBM
  11.8.1 Overview
  11.8.2 Business Unit
  11.8.3 Geographic Revenue
  11.8.4 Business Focus
  11.8.5 SWOT Analysis
  11.8.6 Business Strategy

12 COMPANIES TO WATCH FOR

12.1 Konux
  12.1.1 Overview
  12.1.2 Konux Market
  12.1.3 Konux in IoT in Discrete Manufacturing Market
12.2 Veniam
  12.2.1 Overview
  12.2.2 Veniam Market
  12.2.3 Veniam in IoT in Discrete Manufacturing Market
Annexure
? Abbreviations

LIST OF TABLES

Table 1 IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY APPLICATIONS, 2016–2022 ($BILLION)
Table 2 IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SOFTWARE, 2016–2022 ($BILLION)
Table 3 IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SERVICES, 2016–2022 ($BILLION)
Table 4 IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY VERTICALS, 2016–2022, ($BILLION)
Table 5 IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY GEOGRAPHICAL SEGMENTATION, 2016–2022 ($BILLION)
Table 6 NORTH AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY TYPES, 2016–2022 ($BILLION)
Table 7 NORTH AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SOFTWARE, 2016–2022 ($BILLION)
Table 8 NORTH AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SERVICES, 2016–2022 ($BILLION)
Table 9 NORTH AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY APPLICATIONS, 2016–2022 ($BILLION)
Table 10 NORTH AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY VERTICALS, 2016–2022 ($BILLION)
Table 11 EUROPE IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY TYPES, 2016–2022 ($BILLION)
Table 12 EUROPE IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SOFTWARE, 2016–2022 ($BILLION)
Table 13 EUROPE IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SERVICES, 2016–2022 ($BILLION)
Table 14 EUROPE IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY APPLICATIONS, 2016–2022 ($BILLION)
Table 15 EUROPE IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY VERTICALS, 2016–2022 ($BILLION)
Table 16 ASIA PACIFIC IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY TYPES, 2016–2022 ($BILLION)
Table 17 ASIA PACIFIC IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SOFTWARE, 2016–2022 ($BILLION)
Table 18 ASIA PACIFIC IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SERVICES, 2016–2022 ($BILLION)
Table 19 ASIA PACIFIC IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY APPLICATIONS, 2016–2022 ($BILLION)
Table 20 ASIA PACIFIC IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY VERTICALS, 2016–2022 ($BILLION)
Table 21 LATIN AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY TYPES, 2016–2022 ($BILLION)
Table 22 LATIN AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SOFTWARE, 2016–2022 ($BILLION)
Table 23 LATIN AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SERVICES, 2016–2022, ($BILLION)
Table 24 LATIN AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY APPLICATIONS, 2016–2022 ($BILLION)
Table 25 LATIN AMERICA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY VERTICALS, 2016–2022 ($BILLION)
Table 26 MEA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY VERTICALS, 2016–2022 ($BILLION)
Table 27 MEA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SOFTWARE, 2016–2022 ($BILLION)
Table 28 MEA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY SERVICES, 2016–2022 ($BILLION)
Table 29 MEA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY APPLICATIONS, 2016–2022 ($BILLION)
Table 30 MEA IOT IN DISCRETE MANUFACTURING MARKET REVENUE BY VERTICALS, 2016–2022 ($BILLION)
Table 31 SIEMENS: BUSINESS UNITS

LIST OF CHARTS

Chart 1 PEST ANALYSIS OF IOT IN DISCRETE MANUFACTURING MARKET
Chart 2 RESEARCH METHODOLOGY OF IOT IN DISCRETE MANUFACTURING MARKET
Chart 3 IOT IN DISCRETE MANUFACTURING MARKET REVENUE, 2016-2022 ($BILLION)
Chart 4 IOT IN DISCRETE MANUFACTURING MARKET SEGMENT
Chart 5 ECOSYSTEM – IOT IN DISCRETE MANUFACTURING
Chart 6 MAJOR TECHNOLOGICAL SOLUTIONS IN THE DISCRETE MANUFACTURING MARKET
Chart 7 MAJOR IOT SOLUTIONS
Chart 8 EVOLUTION OF TECHNOLOGY IN MANUFACTURING
Chart 9 PORTER 5 FORCES IN IOT IN DISCRETE MANUFACTURING MARKET
Chart 10 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
Chart 11 IOT IN DISCRETE MANUFACTURING MARKET SHARE BY APPLICATIONS, 2016 AND 2022
Chart 12 DATA MANAGEMENT MARKET REVENUE, 2016–2022 ($BILLION)
Chart 13 SECURITY MARKET REVENUE, 2016-2022 ($BILLION)
Chart 14 MONITORING & TRACKING MARKET REVENUE, 2016–2022 ($BILLION)
Chart 15 PREDICTIVE MAINTENANCE MARKET REVENUE, 2016–2022 ($BILLION)
Chart 16 OTHER APPLICATIONS MARKET REVENUE, 2016–2022 ($BILLION)
Chart 17 IOT IN DISCRETE MANUFACTURING MARKET SHARE BY SOFTWARE, 2016 AND 2022
Chart 18 SOFTWARE MARKET REVENUE, 2016–2022 ($BILLION)
Chart 19 APPLICATIONS MARKET REVENUE, 2016–2022 ($BILLION)
Chart 20 ANALYTICS & VISUALIZATION MARKET REVENUE, 2016–2022 ($BILLION)
Chart 21 MIDDLEWARE MARKET REVENUE, 2016–2022 ($BILLION)
Chart 22 SECURITY MARKET REVENUE, 2016–2022 ($BILLION)
Chart 23 CLOUD & FOG PLATFORM MARKET REVENUE, 2016–2022 ($BILLION)
Chart 24 IOT IN DISCRETE MANUFACTURING MARKET SHARE BY SERVICES, 2016 AND 2022
Chart 25 SERVICES MARKET REVENUE, 2016–2022 ($BILLION)
Chart 26 SYSTEM INTEGRATION MARKET REVENUE, 2016–2022 ($BILLION)
Chart 27 CONSULTING & KNOWLEDGE SHARING MARKET REVENUE, 2016–2022 ($BILLION)
Chart 28 MANAGED SERVICES MARKET REVENUE, 2016–2022 ($BILLION)
Chart 29 IOT IN DISCRETE MANUFACTURING MARKET SHARE BY VERTICALS, 2016 AND 2022
Chart 30 MACHINERY MARKET REVENUE, 2016–2022 ($BILLION)
Chart 31 AVIATION & AEROSPACE MARKET REVENUE, 2016–2022 ($BILLION)
Chart 32 AUTOMOTIVE MARKET REVENUE, 2016–2022 ($BILLION)
Chart 33 COMPUTER, EQUIPMENT & PERSONAL ELECTRONICS MARKET REVENUE, 2016–2022 ($BILLION)
Chart 34 OTHERS MARKET REVENUE, 2016–2022 ($BILLION)
Chart 35 IOT IN DISCRETE MANUFACTURING MARKET SHARE BY GEOGRAPHICAL SEGMENTATION, 2016 AND 2022
Chart 36 NORTH AMERICA MARKET REVENUE, 2016–2022 ($BILLION)
Chart 37 EUROPE MARKET REVENUE, 2016–2022 ($BILLION)
Chart 38 ASIA PACIFIC IOT IN DISCRETE MANUFACTURING MARKET REVENUE, 2016-2022 ($BILLION)
Chart 39 LATIN AMERICA MARKET REVENUE, 2016–2022 ($BILLION)
Chart 40 MEA MARKET REVENUE, 2016–2022 ($BILLION)
Chart 41 PTC: OVERVIEW
Chart 42 PTC: BUSINESS UNITS
Chart 43 PTC: GEOGRAPHIC REVENUE
Chart 44 PTC: SWOT ANALYSIS
Chart 45 CISCO: OVERVIEW
Chart 46 CISCO: BUSINESS UNITS
Chart 47 CISCO: GEOGRAPHIC REVENUE
Chart 48 CISCO: SWOT ANALYSIS
Chart 49 WIPRO: OVERVIEW
Chart 50 WIPRO: BUSINESS UNITS
Chart 51 WIPRO: GEOGRAPHIC REVENUE
Chart 52 WIPRO: SWOT ANALYSIS
Chart 53 ROCKWELL AUTOMATION: OVERVIEW
Chart 54 ROCKWELL AUTOMATION: BUSINESS UNITS
Chart 55 ROCKWELL AUTOMATION: GEOGRAPHIC REVENUE
Chart 56 ROCKWELL AUTOMATION: SWOT ANALYSIS
Chart 57 SIEMENS: OVERVIEW
Chart 58 SIEMENS: GEOGRAPHIC REVENUE
Chart 59 SIEMENS: SWOT ANALYSIS
Chart 60 ABB: OVERVIEW
Chart 61 ABB: BUSINESS UNITS
Chart 62 ABB: GEOGRAPHIC REVENUE
Chart 63 ABB: SWOT ANALYSIS
Chart 64 GE: OVERVIEW
Chart 65 GE: BUSINESS UNITS
Chart 66 GE: GEOGRAPHIC REVENUE
Chart 67 GE: SWOT ANALYSIS
Chart 68 IBM COMPANY PROFILE: MARKET OUTLOOK
Chart 69 IBM: BUSINESS UNITS
Chart 70 IBM: GEOGRAPHIC REVENUE
Chart 71 IBM: SWOT ANALYSIS
Chart 72 KONUX MARKET
Chart 73 VENIAM MARKET


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