May 15, 2017   SOURCE: BusinessWire

Worldwide IoT in Discrete Manufacturing Market (2017-2023) - Key Vendors are IBM, Microsoft, PTC, Cisco, Zebra Technologies, Stanley Black and Decker, SAP, Wipro, TCS, Siemens & Rockwell Automation - Research and Markets

Research and Markets has announced the addition of the "Worldwide IoT in Discrete Manufacturing Market - Drivers, Opportunities, Trends, & Forecasts 2017 - 2023" report to their offering.

According to this 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.

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.

Companies Mentioned

  • ABB Ltd
  • Cisco Systems Inc
  • General Electric
  • IBM
  • Konux
  • PTC
  • Rockwell Automation
  • Siemens AG
  • Veniam
  • Wipro LTD

Key Topics Covered:

1 Industry Outlook

2 Report Outline

3 Market Snapshot

4 Market Outlook

5 Market Characteristics

6 Application

7 Software

8 Services

9 Verticals

10 Region

11 Vendors Profile

12 Companies to Watch for

For more information about this report visit http://www.researchandmarkets.com/research/l5txp9/worldwide_iot_in