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IoT in Manufacturing Market Share

Report ID: GMI2098
Published Date: Aug 2023
Report Format: PDF

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IoT in Manufacturing Market Share

The major companies operating in the IoT in manufacturing market are

Cisco Systems Inc.
Microsoft Corporation
General Electric
Siemens AG
Huawei Technologies Co. Ltd.
Intel Corporation
IBM Corporation.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of IoT in manufacturing reached USD 53.7 billion in 2022 and is set to grow at over 10.5% CAGR from 2023 to 2032, due to the rapid integration of IoT technology in manufacturing processes worldwide.

The hardware segment was valued at USD 23.9 billion revenue in 2022, on account of the growing number of smart factories worldwide.

Asia-Pacific market recorded 25% of revenue share in 2022, owing to the robust manufacturing sector, rapid technological advancements, and the growing adoption of Industry 4.0 principles in the region.

Cisco Systems Inc., Microsoft Corporation, General Electric, Siemens AG, Huawei Technologies Co. Ltd., Intel Corporation, and IBM Corporation are some of the major IoT in manufacturing companies worldwide.