HOME Research Insight PTC Inc. (U.S.), and Cisco Systems, Inc. (U.S.), are the Another Major Vendor in the IoT In Manufacturing Market

PTC Inc. (U.S.), and Cisco Systems, Inc. (U.S.), are the Another Major Vendor in the IoT In Manufacturing Market

The Internet of Things (IoT) in manufacturing market is gaining traction owing to the critical need for centralized monitoring and predictive maintenance of manufacturing infrastructure. The rising need for demand driven supply chain & connected logistics and need for agile production, operational efficiency, & control are some of the other factors contributing to the growth of the IoT in manufacturing market. MarketsandMarkets forecasts the IoT in manufacturing market size to grow from USD 6.17 Billion in 2016 to USD 20.59 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.2% from 2016 to 2021

There are several established players in this market such as PTC Inc. (U.S.), Cisco Systems, Inc. (U.S.), General Electric (U.S.), SAP SE (Germany), IBM Corporation (U.S.), Zebra Technologies (U.S.), Siemens AG (Germany), Microsoft Corporation (U.S.), Bosch Software Innovations GmbH (Germany), Rockwell Automation (U.S.), and Huawei (China). These leading players have adopted various strategies such as partnerships, collaborations, agreements, mergers & acquisitions, and new product developments to achieve growth in the global IoT in manufacturing market.

PTC Inc. is one of the leading players in the IoT in manufacturing market. The company adopted both organic as well as inorganic strategies to enhance its presence in the market. It entered into various partnerships and strategic alliances with local as well as global players. For instance, in November 2016, PTC Inc. partnered with General Electric, a U.S.-based technology provider. This partnership enabled PTC to deliver innovative manufacturing and powerful analytics solutions to its commercial clients. The company acquired Kepware, a leading provider of communications connectivity solutions to industrial automation environments. This acquisition enabled PTC to increase its IoT product portfolio and expand its footprint into the factory setting and Industrial IoT.

Cisco Systems, Inc. is another major vendor in the IoT in manufacturing market. The company has a strong geographic presence worldwide including North America; Europe, Middle East, and Africa (EMEA), and Asia-Pacific (APAC). The company focuses more on inorganic growth strategies to tap into the IoT in manufacturing market. For instance, in April 2016, Cisco Systems, Inc. partnered with Deutsche Telekom AG, a leading telecommunications solution provider in Germany. This partnership enabled Cisco and Deutsche Telekom to jointly offer IoT solutions and services to their IoT manufacturing commercial clientele.

Related Reports:

IoT in Manufacturing Market by Software (Network & Application Security, Network Bandwidth, Remote Monitoring, Data Management, & Smart Surveillance), Platform, Service, Application, Vertical Markets, and Region - Global Forecast to 2021

UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports