Rising Government Funding Toward the Cloud Deployment Leading to the Growth of UK IoT in Manufacturing Market During 2020-25

UK IoT in Manufacturing Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of UK IoT in Manufacturing market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions

Delta, BC -- (SBWIRE) -- 10/28/2020 -- The UK internet of things (IoT) in manufacturing market is witnessing a robust growth on account of surging investment by various major enterprises in IoT in order to maintain security and data privacy, rising government funding toward the cloud deployment, and growing demand for predictive maintenance and centralized monitoring. Besides these, extensive adoption of IoT in end-user industries such as food & beverages, consumer electronics along with expansion in IT landscape in the emerging countries such as China and India, and significant investment in R&D activities of IoT in manufacturing solutions and services are some of the factors leading to a positive impact on the growth of IoT in manufacturing market in the forecast period.

According to MarkNtel Advisors' research report "UK IoT in Manufacturing Market Analysis, 2020", the UK IoT in Manufacturing market is anticipated to grow at a considerable CAGR of during 2020-25. Based on Service, the Managed services acquired the largest share in the UK IoT in manufacturing market in 2019. The growth of the segment is attributed to the robust adoption of managed services in IoT in manufacturing solutions for post-deployment queries. The demand for managed services is considerably high among verticals such as automotive and consumer electronics, energy & utilities for planning, designing, and testing, and along with this, it also reduces capital and operating expenditures.

"UK IoT in Manufacturing Market Analysis, 2020" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for IoT in Manufacturing providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

RFID Connectivity is Gaining High Popularity
Based on Connectivity, RFID connectivity is gaining high popularity in the UK IoT in manufacturing market in 2019 owing to the surging use for better connectivity and operational productivity. The demand for RFID technology is majorly from retail and manufacturing sectors to ensuring proper functioning of the production tools & plants and to support the stock and supply chain integration by keeping track of the components, sub-assemblies, and finished stocks. RFID solutions help the manufacturers to attain efficient functioning of manpower. Thus, this is strongly contributing toward the growth of the market in the coming years as stated in MarkNtel Advisors' research report "UK IoT in Manufacturing Market Analysis, 2020".

According to MarkNtel Advisors, the key players with a considerable market share in the UK IoT in Manufacturing market are IBM, Cisco Systems, PTC, Microsoft, General Electric, SAP, Siemens AG, Bosch, Zebra Technologies etc.

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Market Segmentation:
1. By Solution (Application Management, Data Management, Network Management, Device Management, Smart Surveillance, Others)
2. By Connectivity (Satellite Network, Cellular Network, RFID, NFC, Wi-Fi, Others)
3. By Application (Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency and Incident Management, Logistics and Supply Chain Management, Inventory Management)
4. By Services (Professional Services, Managed Services)
5. By End-User (Automotive, Food and Beverages, Healthcare, Consumer Electronics, Energy & Utilities, Chemicals, Others)
6. By Country (England, Scotland, Wales, Northern Ireland),
7. By Company (IBM, Cisco Systems, PTC, Microsoft, General Electric, SAP, Siemens AG, Bosch, Zebra Technologies etc.)

Key questions answered in the study
1. What are the current and future trends of the IoT in Manufacturing industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the IoT in Manufacturing industry?
5. What is the customer orientation, purchase behavior, and expectations from the IoT in Manufacturing firms across various regions?

About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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Media Relations Contact

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Head - Business Growth
MarkNtel Advisors LLP
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Web: https://www.marknteladvisors.com/

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