Egypt IoT in Manufacturing market is expected to grow at a steady CAGR in the forecast period, 2022-2026. The growing adoption of industry 4.0 to obtain enhanced production capacity, increase the overall efficiency of the system and deliver insights to make real-time decisions is expected to spur the market growth. Manufacturers are integrating advanced technologies including artificial intelligence, cloud computing, and analytics, machine learning along with the internet of things to improve the throughput of their operations. The use of embedded software, technologically advanced sensors and robotics collect the information and data to make smart decisions in the manufacturing units. The surge in the need for the centralized monitoring and predictive maintenance of assets and the increasing demand for industrial automation is expected to influence the growth of the IoT in manufacturing market in the next five years. The introduction of novel sensors which are cost-effective and intelligent connected devices and sensors is expected to fuel the growth of the IoT in the manufacturing market in the forecast period. The growing need for high-speed network connectivity and increase in the adoption of cloud computing platforms to enhance the productivity of manufacturing units is expected to foster the growth of the market.
Egypt IoT in Manufacturing Market is segmented into component, application, end-use industry, regional distribution, and company. Based on the application, the market can be divided into predictive maintenance, business process optimization, asset tracking & management, logistics & supply chain management, real-time workforce tracking & management, automation control & management, emergency & incident management, and business communication. The real-time workforce tracking & management segment is expected to account for major market share in the forecast period, 2022-2026. The growing adoption of internet of things technology in the manufacturing industry to improve productivity, reduce non-productive work, and provide insights to make real-time decisions. Real-time workforce tracking & management aids to streamline the process by deploying efficiently the workforce and improve the service delivery which enhances the manufacturing process at the units.
The major players operating in the Egypt IoT in Manufacturing market are Cisco, Valeo
Spime Sense Lab, Telecom Egypt, IBM, Accenture, SAP, Nokia, Ericsson, Honeywell, Fujitsu, Microsoft, Etisalat, Oracle, Huawei
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze the historical growth of the market size of Egypt IoT in Manufacturing market from 2016 to 2019.
- To estimate and forecast the market size of Egypt IoT in Manufacturing market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Egypt IoT in Manufacturing market based on component, application, end-use industry, regional distribution, and company.
- To identify dominant region or segment in the Egypt IoT in Manufacturing.
- To identify drivers and challenges for Egypt IoT in Manufacturing.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Egypt IoT in Manufacturing.
- To identify and analyze the profile of leading players operating in Egypt IoT in Manufacturing.
- To identify key sustainable strategies adopted by market players in Egypt IoT in Manufacturing market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service providers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- IoT in Manufacturing service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
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The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
