Business News Daily Cites MarketsandMarkets for Key Insights on IoT in Manufacturing Market
Growing need for enhanced operational efficiency combined with cost optimization has led to a huge adoption of IoT technologies such as Industry 4.0, virtual reality, and augmented reality in the manufacturing industry. The global IoT in manufacturing market is projected to be valued at USD 45.30 Billion by 2022, growing at a huge CAGR of 29.0% during the forecast period from 2017 and 2022, mainly owing to the rising need for centralized monitoring and predictive maintenance of manufacturing infrastructure, latest communication technologies, increasing adoption of the cloud, and increasing number of intelligent connected devices with cost reduction.
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Report mentioned in the above news is,
IoT in Manufacturing Market by Solution (Network Management, Data Management, Device Management, Application Management, Smart Surveillance), Platform, Service (Professional and Managed), Application, Vertical Market, and Region - Global Forecast to 2022
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