Connected Manufacturing Market Analysis

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: