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The India IoT in manufacturing market is forecast to grow at a rate of 13.81% to reach USD11573.16 million by FY2027, according to a recent report by TechSci Research. It says the growth in the market can be attributed to the growing demand for analytics to take efficient operational decisions which are expected to drive the India IoT in manufacturing market.
The India IoT in manufacturing market has been primarily influenced by the massive potential of cloud services in manufacturing industry. The smart devices connected with cloud platforms can help to create the fastest data streams through sensors along with producing a bigger amount of data than any other emerging technology and real-time analysis of this data can help to maintain the product quality.
The rising demand for analytics to maintain the quality and continuity of the manufacturing process is expected to drive the India IoT in manufacturing market in the forecast period. The growing adoption of cloud computing services owing to their cost effectiveness, high performance, and accessibility will enhance the India IoT in manufacturing market. All these factors have resulted in a positive impact on the India IoT in manufacturing market.
IBM India Pvt. Ltd., Cisco Systems (India) Pvt. Ltd., Huawei Telecommunications India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Schneider Electric India Pvt. Ltd., Siemens Limited, Bosch Ltd., SAP India Private Limited, GE Digital, Zebra Technologies India Private Limited etc. are among the leading players operating in the India IoT in Manufacturing Market.