New York, NY -- (SBWIRE) -- 05/28/2019 -- Information technology continues to impact many businesses, accelerating development cycles, increasing efficiency and providing a more complete operational outlook. At one time, applications such as accounts receivable and payroll operated autonomously with little to no integration, but these types of applications are now melded into cohesive financial systems. A similar transformation is about to occur in the industrial process manufacturing market. Intelligence, which was once housed in standalone devices (e.g., programmable logic controllers) is about to be shared throughout the enterprise from the start to the end of the supply chain. A new generation of intelligent endpoints dubbed the Internet of Things (IoT) is being created. As a result, manufacturers gain insight into realtime operations, allowing them to manage their operations more effectively.
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Top Manufacturers in Internet of Things (IoT) Technologies for Process Manufacturing Market are: General Electric Corp., Hewlett Packard Enterprise, IBM Corp., Intel Corp. and Microsoft Corp., Others on request
The change can positively impact the bottom line in many ways. Industrial automation corporations can determine the wear and tear on robotic arms and make adjustments as needed. Interest in the potential benefits is high, but industry suppliers must first clear some significant hurdles. One challenge has been extending networking capabilities out to these different elements. In general, assembly line items such as sensors have had little to no intelligence, and building the ecosystem to collect, interpret and proactively use the data represents a monumental undertaking, often involving a revamping of the manufacturing process that takes place while operations are running. Some have described the process as painting a moving bus. New networking technologies, cloud computing, big data, analytics and security have recently emerged to help companies move down this path.
Market changes have presented suppliers with new challenges. The traditional boundaries are blurring, and suppliers must determine their business focuses. The success of Amazon illustrates the potential for manufacturers today. The company began as an online retailer, but it has emerged as a technology powerhouse. Amazon has been successful beyond the retail marketplace. Traditional industrial automation suppliers must figure out their value-add and role in this rapidly changing marketplace. Information technology has been in a period of profound change. Cloud computing is becoming the new data center, with central resources no longer always located on the customer's site. They may instead be located in the company's data center.
Big data, which are large database management systems coupled with analytic solutions, are becoming the new ways of running a business. The Internet of Things (IoT) is adding intelligence to endpoints. Companies are thus able to use technology in new and exciting ways. Fitting the pieces together will not be easy. Manufacturing is a specialized market, one with high demands and significant competitive pressures. New interfaces and integration challenges await those who want to be on the leading edge. Success is not guaranteed.
Internet of Things (IoT) Technologies for Process Manufacturing Market Breakdown by Technology Type: IoT Hardware
- Embedded Systems
- Sensors
- Distributed Control Systems
- Changing Plant Floor
- Latest DSC Developments
- Programmable Logic Controllers
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Report Includes:
- 50 data tables and 20 additional tables
- An overview of the global market for process manufacturing Internet of Things (IOT) solutions
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Insight into how new technology shaped by requirements for IOT applications will create new product categories or bring new life to existing products
- A look at factors driving the market, such as lower power and longer battery life, improved networking capability, advanced software solutions, and increased access to real-time data
- Coverage of applications, including building materials, chemicals, energy, food, pharmaceuticals, and textiles
- Company profiles of major players in the industry, including General Electric Corp., Hewlett Packard Enterprise, IBM Corp., Intel Corp. and Microsoft Corp.
Key Points From Table of Contents:
Chapter 3 Market and Technology Background
IoT in Manufacturing
Process Manufacturing Industry Trends
IoT Evolution
Things Gain Intelligence
Need to Change
IoT Business Benefits
Beyond Machine-to-Machine Communication
How the IoT Works
Design Options
Fitting the Pieces Together
Getting a Fresh Start
Business Value of Industrial IoT Applications
Factors Driving Manufacturing
IoT Challenges
Legacy System Shortcomings
Revamping Business Processes
Devices
Embedded System Challenges
Getting Everything into Harmony
System Limitations
Complex System
Network Architecture
Need for a Central Platform
Security Challenges
High Level of Commitment
Continued……
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