Ballooning Need for Predictive Maintenance of Manufacturing Units Driving IoT Adoption in Manufacturing Sector

The burgeoning demand for centralized monitoring and predictive maintenance of manufacturing facilities is fueling the demand for the internet of things (IoT) technology in the manufacturing sector. For example, centralized monitoring of manufacturing processes is carried out in the automotive industry with the help of indoor location systems. Radio communication systems are used for incorporating process operators, manufacturing devices, and various other related equipment in these location systems.

With the help of the radio triangulation method, the location of all resources and parts that are used in the manufacturing process is determined. The internet of things (IoT) devices use routers, switches, and other supporting networking instruments and generate large volumes of data for conducting predictive maintenance, which, in turn, assists in the management of several high-value devices in a factory.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/iot-in-manufacturing-market/report-sample


Besides this, the mushrooming requirement for transparency and traceability in business operations is also driving the growth of the IoT in manufacturing market. Depending on component, the market is divided into services and solutions categories.Between these, the services category is predicted to exhibit the faster growth in the market in the upcoming years.

This category is further categorized into professional services and managed services. Of these, the managed services category is predicted to demonstrate rapid expansion, on account of the growing adoption of managed services in developed countries such as Canada and the U.S. Many managed service providers are utilizing a combination of the IoT components developed by various vendors for creating an IoT-based solution in the manufacturing industry.

Comments

Post a Comment

Popular posts from this blog

Increasing Penetration of Cloud Services Fueling AI-Powered Storage Market Growth

Image
The artificial intelligence (AI)-powered storage market growth thrives on the increasing adoption of data analytics to improve decision-making capabilities, burgeoning demand for AI in high-performance-computing data centers, mounting number of connected devices, surging use of cloud-enabled services by businesses to store their data on virtual servers, and soaring volume of data. Moreover, the rising number of government regulations and compliance rules related to data storage and protection will also facilitate the market growth in the foreseeable future. The surging adoption of cloud-based applications and services and rising number of connected devices are supporting the AI-powered storage market growth globally. Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/ai-powered-storage-market/report-sample The usage of AI-powered storage systems for high-performance computing assists businesses in working with and unifying high volumes of unstru...
Read more

Micro Battery Market Assessment Covering Growth Factors and Upcoming Trends

Image
Due to the mushrooming use of wearable devices, increasing adoption of the internet of things (IoT) in medical instruments, and surging utilization of compact batteries in the healthcare sector, the global micro battery market is expected to demonstrate a CAGR of 18.4% from 2019 to 2024. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will surge from $418.2 million in 2018 to $1.1 billion by 2024. With the rising prevalence of chronic diseases, such as diabetes and cancer and the surging population of geriatric people, the incorporation of advanced technologies and solutions in the healthcare sector is rising sharply. For instance, as per the World Health Organization (WHO), 422 million people all over the world are diagnosed with diabetes every year. Furthermore, the organization found that the disease claims the lives of 1.6 million people across the world every year.  Besides the aforementioned factor, the growing use of...
Read more

Increasing Focus on Energy Conservation Fueling Popularity of Ambient Lighting

Image
The growing public awareness about environmental degradation and the importance of energy conservation has made the governments of many countries implement strict policies pertaining to the energy efficiency of lights. These policies are aimed at increasing energy and cost savings in several sectors.  Such energy codes for residential and commercial buildings are predicted to mitigate CO2 emissions by as much as 841 MMT and save around $126 billion in electricity costs. For instance, the U.S. Department of Energy has recently enacted the U.S. Energy Standard for Buildings, which is a national model code for commercial buildings and a critical parameter for developing various designs and systems.  Get the Sample Copy of this Report at:  https://www.psmarketresearch.com/market-analysis/ambient-lighting-market-report/report-sample China, which is one of the largest users of ambient lighting solutions in the world, has become one of the biggest consumers of power in the world...
Read more