Applications of IoT in manufacturing help gain insight into the performance and lifetime asset value of machines, enable greater control over the complex aspects of manufacturing operations, improve quality management and enterprise compliance, improve production yield rates, reduce carrying costs and out-of-stock inventory, accelerate inventory turns, enable predictive maintenance, collect and track throughout production, and provide real-time insights into manufacturing operations.
Growing adoption of innovative technologies and the increasing focus of key players on research and development activities are expected to fuel the growth of the market for IoT in the manufacturing sector.
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Some of the key players operating in the market are Bosch Software Innovations GmbH, PTC Incorporation, General Electric, Huawei, Cisco Systems, Inc., Zebra Technologies, SAP SE, IBM Corporation, Siemens AG, Rockwell Automation, and Microsoft Corporation.
