IOT IN MANUFACTURING MARKET ANALYSIS

Regional Analysis

Global IoT in Manufacturing Market: Regional Insights

North America is projected to gain major growth in the global IoT in manufacturing market over the forecast period. The region is witnessing rapid growing of enhanced operational efficiency, optimization of asset utilization, productivity, reduced downtime, and new business start-ups. Moreover, most of the production facilities in the region are early adopters of modern technologies and machines due to which it is easier for these companies to turn to smart manufacturing, as compared to remain with conventional manufacturing methods. Thus, the region is likely to show substantial growth in the global IoT in manufacturing market over the forecast future.

Furthermore, Europe is also anticipated to gain significant growth in the global IoT in manufacturing market over the forecast period, owing to growing popularity of smart manufacturing in the region. Moreover, governments across the region are promoting use of novel technologies in manufacturing sector. Thus, the region is likely to show strong growth in the coming future.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa