IOT IN MANUFACTURING MARKET ANALYSIS

Leading Companies

Global IoT in Manufacturing Market: Key Developments

In January 2020, Cisco Systems Inc. launched an IoT security architecture, which offers improved visibility across both IoT and IT environments as well as project processes. The novel products allow collecting and extracting data from IoT edge, to increase efficiency of organizations in order for them to make better business decisions.

In February 2020, Smartfren, a leading telecom operator in Indonesia announced Cisco as its digitization partner for creating a multi-cloud architecture. This project could involve creating digital services data center architecture with integration of cloud services and cloud computing.

In February 2022, Cisco launched updates to its portfolio of Internet of Things (IoT), to provide assistance to its service provider customers to offer a highly straightforward method for managing LPWAN/4G/5G IoT connectivity of developing and new use cases.

In April 2020, Haltian, received US$ 9.8 billion funding from Ilmarinen, and Nordic Option Haltian, Finnish venture capital. The company will use this funding for extending product portfolio and offer efficient solutions for smart factories, facilities, and washrooms.

Global IoT in Manufacturing Market: Key Companies Insights

The global IoT in manufacturing market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global IoT in manufacturing market are Cisco Systems Inc., SAP SE, General Electric, Microsoft Corporation, Intel Corporation, Siemens AG, IBM Corporation, Qualcomm, Verizon Communication Inc., and AT&T Inc.