Solutions segment to dominate the Turkey IoT in Manufacturing Market till 2026
Development of the
networking technologies and rapid industrialization is expected to drive the demand
for Turkey IoT in Manufacturing market in the forecast period.
According to TechSci Research report, “Turkey IoT in Manufacturing Market By Component (Solutions, Services and Platforms) By
Application (Predictive Maintenance, Business Process Optimization, Asset
Tracking & Management, Logistics & Supply Chain Management, Real-Time
Workforce Tracking & Management, Automation Control & Management,
Emergency & Incident Management, Business Communication) By End-Use
Industry (Energy & Utilities, Automotive, Food & Beverages, Aerospace
& Defense, Chemicals & Materials, Consumer Electronics, Healthcare,
Others), By Region, Company Forecast & Opportunities, 2026”, The Turkey IoT in Manufacturing market is expected
to witness significant growth in the forecast period. The rise in the adoption
of advanced technologies by the market players and the easy availability of
sensors and connected devices is boosting the adoption of IoT in manufacturing
market growth. The growing demand for internet of things technology in the
manufacturing process for real-time monitoring and analysis of the
manufacturing process and take appropriate steps based on the generated
insights is expected to fuel the market growth. Industries are adopting the
internet of things technology in their manufacturing units to ensure the safety
of the workforce by constant monitoring and to lower the operating expenses of
the organization. The increasing number of connected gadgets used by the
industries and the growing demand for advanced technologies such as artificial
intelligence, machine learning, and others to be used in applications like
remote sensing, asset management, predictive maintenance, and advanced
analytics thereby paving the way for the IoT in manufacturing market growth.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Coronavirus-affected patients started suffering from
shortness of breath along with coughing and sneezing. Leading authorities in
Turkey imposed lockdown restrictions and released a set of precautionary
measures to contain the spread of novel coronavirus. Manufacturing units were
temporarily suspended to slow down the transmission of the coronavirus. The
import and export activities were restricted and the disruption in the supply
chain generated the need for the adoption of advanced technologies to improvise
and streamline the production process to fulfill the growing demand of
consumers.
However, a rise in the number of cyber-attacks and
increasing privacy and security concerns may restrain the IoT in Manufacturing
market growth in the forecast period.
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Turkey
IoT in Manufacturing market is segmented into component, application, end-use
industry, regional distribution, and company. Based on the component, the
market can be divided into solutions, services, and platforms. The solutions
segment is expected to witness growth in the forecast period, 2022-2026.
Companies are deploying IoT solutions to improve the production process and
surge the efficiency of the systems in the manufacturing units. IoT in
manufacturing provides multiple solutions including lower operational and
maintenance costs, automate the production process which ensures higher
efficiency from the manufacturing equipment. By the adoption of the IoT in manufacturing
solutions, enterprises can easily manage the end-to-end life cycle of their
assets, including machinery, facilities, machinery, amongst others.
Turkcell,
Trio Mobil, Cisco, Cognizant, IBM, Accenture, SAP, Google, Nokia, Ericsson,
Honeywell, Fujitsu, Microsoft, Oracle, Huawei are the leading players operating
in Turkey IoT in Manufacturing market. Service providers are increasingly
focusing on research and development process to fuel higher growth in the
market. To meet evolving customer demand with respect to better efficiency and
durability, several IoT in Manufacturing service providers are coming up with
their technologically advanced offerings.
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“The
rise in the initiatives and efforts made by the leading authorities to smoothen
the process of the adoption and development of Industry 4.0 in Turkey is
expected to create lucrative opportunities for market growth. The increase in
the digitization process across the major industry verticals and the huge
investments made by the leading authorities and the market players for the
research and development activities to upgrade the existing infrastructure is
expected to influence the growth of the IoT in manufacturing market growth. The
expected roll-out of 5G technology and the growing development of the
telecommunication industry is expected to propel the growth of IoT in
manufacturing market through 2026” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Turkey IoT in
Manufacturing Market By Component (Solutions, Services and Platforms) By
Application (Predictive Maintenance, Business Process Optimization, Asset
Tracking & Management, Logistics & Supply Chain Management, Real-Time
Workforce Tracking & Management, Automation Control & Management,
Emergency & Incident Management, Business Communication) By End-Use
Industry (Energy & Utilities, Automotive, Food & Beverages, Aerospace
& Defense, Chemicals & Materials, Consumer Electronics, Healthcare,
Others), By Region, Company Forecast & Opportunities, 2026” has
evaluated the future growth potential of Turkey IoT in Manufacturing market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of Turkey IoT in
Manufacturing market.
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