IoT in manufacturing to grow 26.9% in 2015-2020
A new Research and Markets report has forecast that the IoT in manufacturing market will reach $13.49 billion (£9.06bn) in 2020.
Manufacturers are increasingly inclined towards adopting IoT solutions for smart manufacturing to improve efficiency, security and reliability. High employment costs, machine downtimes and regulatory changes are also pushing manufacturing firms towards IoT.
The report estimates the market size and its future growth across different segments, including...