Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Emerging Growth Opportunities for IoT Service Providers Focusing on Asset Management and Supply Chain Solutions
save 25 %
* Required Fields
Pay by invoice
In the overall Internet of Things (IoT) market, industrial applications have gained the most traction, as traditional systems are in need of automation to collect data and prevent downtime in systems. In the manufacturing sector, applications such as asset monitoring and supply chain or logistics are being implemented globally, as manufacturers seek improved operations and data collection. Connecting older machines would require investments in the millions. Most manufacturers amortize these machines over many years. As the majority of manufacturers are small, with fewer than 500 employees, investment in redesigning factories or purchasing connected machines is not an option. However, these manufacturers are looking for low-cost solutions to collect data from machines and automating the process to reduce downtime and unplanned maintenance. Keeping these factors in mind, this study aims to understand customer motivations and purchasing behavior for IoT solutions in the manufacturing sector. The manufacturing industry has been very receptive to implementing smart IoT solutions to improve productivity and reduce waste. Between April and June 2017, Frost & Sullivan conducted an end-user survey to understand the motivations behind implementing these solutions and types of technology that customers were looking to procure. This study is a culmination of these efforts to better understand the customers in manufacturing and provide insights to vendors and service providers looking to sell IoT solutions to this industry. The survey covered 150 respondents in North America over process and discrete manufacturing, and includes breakdown by small, medium and large manufacturers. One key finding is that Smart IoT solutions are perceived mainly as a way to achieve operational efficiency, effectiveness, and overall competitiveness. About 1 out of 2 companies is driven by a desire to be on the cutting edge of manufacturing technologies and to be more responsive to market conditions.
Ethical AI is Pivotal to the Maximization of the Future Growth Potential of the Global AI Market
Hyperscaler Demand Drives the North American Data Center Colocation Services Market
Acquisitions, Vertical Focus, and New Technologies Drive Highly Competitive North American Mobile Field Service Management (FSM) Market
Growth Opportunities in the Global Webinars and Virtual Events Market
IoT Start-Up Tracker: Smart Home
IoT Start-up Tracker: Digital Manufacturing
Singapore Data Center Colocation Services Growth Opportunities
Global Video Analytics Growth Opportunities
Indian Data Center Colocation Services Growth Opportunities
Next Wave of Deep Learning Models & Applications (RNN, CNN, and GaN)
natural flavors market
natural gas market
electric car market
artificial lift market
cyber security market
fuel cell market
smart grid market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.