Market Snapshot:
Smart connected operations leverage digital technologies across product development, manufacturing, operations, supply chain, and service. Connecting these functions together forms a connected enterprise that unites and integrates information technology (IT) and operational technology (OT), resulting in a digital thread of information that spans the entire value chain. Smart Connected Assets allow an enterprise to move beyond real-time control to predictive control and ultimately, auto-mouse operation. Increasing production capacity and capabilities is the driver of market growth.
Highlights from Smart Connected Assets Operations Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are Samsara (United States), Arm Holding (United Kingdom), PTC (United States), GE Digital (United States), Verizon (United States), Cisco (United States), Telit (United States), SoluLab (India), Texas Instrument (United States) and Cypress Semiconductor (United States).
Geographic Breakdown and Segment Analysis
The Global Smart Connected Assets Operations market presents a comprehensive analysis of the Smart Connected Assets Operations market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Smart Connected Assets Operations industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Smart Connected Assets Operations market
Analyst at AMA have segmented the market study of Global Smart Connected Assets Operations market by Type, Application and Region.
Influencing Trend:
Industrial Internet of Things (IIoT) adoption is rising in the manufacturing sector
Market Growth Drivers:
Increasing production capacity and capabilities and Increasing use of modern technology to satisfy customer demand
Challenges:
Lack of collaboration across different departments
Restraints:
lack of proper standardization
Opportunities:
Shifting from Real-Time Control To Predictive Control And Autonomous Operation.
Market Developments Activities:
In April 2022, Arm Holdings launched its latest microcontroller design to provide high-performance computing at the edge as well as two new platforms to help reduce the development time of internet of Things (IoT) devices.
Smart Connected Asset Operation is a fragmented market due to the presence of many established competitors. The market is highly competitive with a few players occupying the major share.The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Target Audience
System Integrators, Technology Investment, Software Providers, Research and Development (R&D) companies, Market research and consulting service providers, Government Agencies, End User Industry and Others