In 2018, the United Kingdom government has introduced a Code of Practice (CoP) for the Internet of Things (IoT) security that aims to improve the baseline security and advance industry-wide ‘security by design’ approach for those contributing to the IoT.

The article cited AMA's "Global IoT in Manufacturing Market Study" explored substantial growth in North America and CAGR of 19.08%. According to the report, Increasing Adoption of the Cloud is one of the primary growth factors for the market. Rising Need for Centralized Monitoring and Predictive Maintenance of the Manufacturing Infrastructure is also expected to contribute significantly to the IoT in Manufacturing market. Overall, Predictive Maintenance applications of IoT in Manufacturing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Services, such as Managed Services, is boosting the IoT in Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Vertical, such as Automotive, is boosting the IoT in Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Platforms , such as Device Management Platform, is boosting the IoT in Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global IoT in Manufacturing market identified that the demand is rising in many different parts of the world as "Expanding Demand for Intelligent Connected Devices ". Furthermore, some recent industry insights like "In October 2019, Cisco along with Tech Mahindra launched 5G-enabled secure and wireless solutions. This solution will enable manufacturers to achieve industry 4.0 goals by providing end-to-end business and technology solutions." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global IoT in Manufacturing market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the IoT in Manufacturing market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall IoT in Manufacturing market size is calculated using market estimation process, the IoT in Manufacturing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT in Manufacturing market size has been validated using both top-down and bottom-up approaches.