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

IoT in Discrete Manufacturing Market Drivers, Opportunities, Trends, and Forecasts: 20162022
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 20162022. 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 510 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 510 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).
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 12
1.1 Industry Overview 12
1.2 Industry Trends 13
1.3 PEST Analysis 13
2 Report Outline 15
2.1 Report Scope 15
2.2 Report Summary 15
2.3 Research Methodology 15
2.4 Report Assumptions 16
3 Market Snapshot 16
3.1 Total Addressable Market (TAM) 16
3.2 Segmented Addressable Market (SAM) 17
3.2.1 IoT Discrete manufacturing market by types 17
3.3 Related Markets 17
3.4 IoT in process manufacturing 17
4 Market Outlook 18
4.1 Overview 18
4.2 Market Trends 18
4.3 Market Definition 19
4.4 Market Segmentation 19
4.4.1 Ecosystem IoT in discrete manufacturing 19
4.4.2 Major technological solutions in the discrete manufacturing market 20
4.5 20
4.5.1 Major IoT solutions 20
4.6 Evolution of technology in manufacturing 21
4.7 Porter 5 (Five) Forces 22
5 Market Characteristics 23
5.1 IoT enabled informed manufacturing 23
5.2 Future impact of IIoT applications in manufacturing 23
5.3 Market Dynamics 23
5.4 Drivers 24 Business efficiency and lower operational costs 24 Advancements in data analytics 24 Rise in use of wireless solutions 24 Aggressive growth strategy 25
5.5 Restraints 25 Lack of standards and interoperability 25 Security concerns 25 Lack of technological and ROI understanding 25
5.6 Opportunities 26 Growing market in Asia Pacific 26 Connected products 26
5.6.2 DRO Impact Analysis 27
6 Application 28
6.1 Overview 28
6.1.1 Data management 29
6.1.2 Security 30
6.1.3 Monitoring and tracking 31
6.1.4 Predictive maintenance 32
6.1.5 Others 33
7 Software 33
7.1 Overview 33
7.1.1 Applications 35
7.1.2 Analytics & visualization 35
7.1.3 Middleware 36
7.1.4 Security 37
7.1.5 Cloud & fog platform 38
8 Services 39
8.1 Overview 39
8.1.1 System Integration 40
8.1.2 Consulting & knowledge sharing 41
8.1.3 Managed services 42
9 Verticals 43
9.1.1 Overview 43
9.1.2 Machineries 44
9.1.3 Aviation and Aerospace 45
9.1.4 Automotive 46
9.1.5 Computer, equipment & personal electronics 47
9.1.6 Others 48
10 Region 49
10.1 Overview 49
10.1.1 North America 50 US 53 Canada 53
10.1.2 Europe 53 Germany 56 France 57 Netherlands 57 Sweden 58 Switzerland 58 UK 58
10.1.3 Asia Pacific 59 China 62 Japan 62 India 62 South Korea 63 Australia 63
10.1.4 Latin America 64 Brazil 67 Mexico 67
10.1.5 Middle East & Africa (MEA) 67
11 Vendors Profile 70
11.1 PTC 71
11.1.1 Overview 71
11.1.2 Business units 71
11.1.3 Geographic revenue 72
11.1.4 Business Focus 73
11.1.5 SWOT Analysis 73
11.1.6 Business Strategy: 74
11.2 Cisco Systems, Inc. 74
11.2.1 Overview 74
11.2.2 Business units 75
11.2.3 Geographic revenue 76
11.2.4 Business Focus 77
11.2.5 SWOT analysis 77
11.2.6 Business Strategy 78
11.3 Wipro Limited 78
11.3.1 Overview 78
11.3.2 Business units 79
11.3.3 Geographic revenue 80
11.3.4 Business Focus 81
11.3.5 SWOT analysis 81
11.3.6 Business Strategy 81
11.4 Rockwell Automation 82
11.4.1 Overview 82
11.4.2 Business units 83
11.4.3 Geographic revenue 84
11.4.4 Business focus 84
11.4.5 SWOT analysis 84
11.4.6 Business strategies 85
11.5 Siemens AG 85
11.5.1 Overview 85
11.5.2 Business units 86
11.5.3 Geographic revenue 87
11.5.4 Business focus 88
11.5.5 SWOT analysis 88
11.5.6 Business strategy 88
11.6 ABB Ltd 89
11.6.1 Overview 89
11.6.2 Business units 89
11.6.3 Geographic revenue 90
11.6.4 Business focus 91
11.6.5 SWOT analysis 91
11.6.6 Business strategy 91
11.7 General Electric 92
11.7.1 Overview 92
11.7.2 Business units 92
11.7.3 Geographic revenue 93
11.7.4 Business focus 94
11.7.5 SWOT analysis 94
11.7.6 Business Strategy 94
11.8 IBM 95
11.8.1 Overview 95
11.8.2 Business Unit 96
11.8.3 Geographic Revenue 96
11.8.4 Business Focus 97
11.8.5 SWOT Analysis 97
11.8.6 Business Strategy 98
12 Companies to Watch for 99
12.1 Konux 99
12.1.1 Overview 99
12.1.2 Konux Market 99
12.1.3 Konux in IoT in Discrete Manufacturing Market 99
12.2 Veniam 100
12.2.1 Overview 100
12.2.2 Veniam Market 100
12.2.3 Veniam in IoT in Discrete Manufacturing Market 101
Annexure 102
Abbreviations 102

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