Connected Manufacturing Market Size & Share, by Application (Operation Optimization, Real-Time Tracking, Predictive Maintenance); Organization (SMEs, Large Enterprises) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2991
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Connected Manufacturing Market size was valued at USD 174.65 billion in 2024 and is likely to cross USD 981.36 billion by 2037, registering more than 14.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of connected manufacturing is estimated at USD 195.73 billion.
 

The increasing demand for enhancement in the operational efficiency and automation are expected to aid the growth of the market. The growth of the market can be attributed to the growing adoption of Internet of Things (IoT) which can help in predictive maintenance and centralized monitoring of industrial processes. As per a whitepaper by Cognizant, connected devices made possible by the Internet of Things (IoT) are here to stay – and the trend will only grow. As such, IoT presents unprecedented opportunities across industry sectors and processes. Leaders are already investing in IoT solutions — and are reaping benefits.

 


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Connected Manufacturing Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing demand for automation & interconnected devices
  • Technological advancements in network, software, and devices

 Challenges

  • Risks to data privacy and system hacking

 

Connected Manufacturing Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

14.2%

Base Year Market Size (2024)

USD 174.65 billion

Forecast Year Market Size (2037)

USD 981.36 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Connected Manufacturing Segmentation

The connected manufacturing market is segmented based on application into operation optimization, real-time tracking, predictive maintenance, manufacturing analytics, and worker safety out of which, the operation optimization segment is anticipated to grab the largest share by the end of 2021 on account of increasing need for optimizing and improving efficiency of manufacturing operations. Moreover, the increasing adoption of Industry 4.0 and automation is expected to drive the growth of the market 

On the basis of organization size, the large enterprises segment in the global connected manufacturing market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that large enterprises have the financial resources to aid the deployment of technologies that are required for connected manufacturing. Also, large enterprises require sophisticated systems to predict, evaluate and proactive resolution of issues in a very dense network of processes for which connected manufacturing technologies are best suited.

Our in-depth analysis of the global market includes the following segments:

           By Application

  • Operation Optimization
  • Real Time Tracking
  • Predictive Maintenance
  • Manufacturing Analytics
  • Worker Safety
  • Others

             By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises
 

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Connected Manufacturing Industry - Regional Synopsis

Geographically, the connected manufacturing market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific industry is set to hold largest revenue share by 2037, due to increasing number of industries and increasing spending on improved performance, security, and economic stability Technological advancements in the region to increase operation efficiency and production in countries such as China and India are expected to drive the growth rate in the Asia-Pacific region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the presence of major industries in the region. Along with this, North America also leads in terms of investments and has a financially strong portfolio of industries essential in the deployment of connected technologies for manufacturing, which is also expected to contribute to the connected manufacturing market growth in the region.

 

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Companies Dominating the Connected Manufacturing Landscape

    •  Robert Bosch GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Cisco Inc.
    • General Electric Company
    • IBM Corp.
    • SAP
    • Software AG
    • Cognizant
    • Others

     


Author Credits:  Abhishek Verma


  • Report ID: 2991
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of connected manufacturing is estimated at USD 195.73 billion.

Connected Manufacturing Market size was valued at USD 174.65 billion in 2024 and is likely to cross USD 981.36 billion by 2037, registering more than 14.2% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is set to hold largest revenue share by 2037, due to increasing number of industries and increasing spending on improved performance, security, and economic stability.

The major players in the market are Robert Bosch GmbH, Cisco Inc., General Electric Company, IBM Corp., Software AG, Cognizant, among others.
Connected Manufacturing Market Report Scope
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