GITNUX MARKETDATA REPORT 2024

Iot In Manufacturing Industry Statistics

IoT adoption in the manufacturing industry is expected to increase rapidly, with a projected 80% of manufacturers utilizing IoT technology by 2022, leading to significant improvements in efficiency and cost savings.

Statistic 1

"Approximately 50% of manufacturers use IoT devices for asset tracking."

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Statistic 2

"Over 25% of manufacturers utilize IoT for remote monitoring."

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Statistic 3

"IoT can reduce manufacturing downtime by up to 45%."

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Statistic 4

"The deployment of IoT can lower energy consumption and associated costs by up to 10%."

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Statistic 5

"IoT-enabled smart factories could contribute up to $500 billion in additional economic value by 2025."

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Statistic 6

"IoT in manufacturing can lead to a 15% reduction in labor costs."

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Statistic 7

"By 2025, the market size for IoT in the manufacturing industry is expected to reach $994 billion."

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Statistic 8

"IoT in manufacturing can streamline quality control processes by up to 50%."

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Statistic 9

"68% of manufacturers consider IoT essential for future success."

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Statistic 10

"The use of IoT in predictive quality can improve manufacturing quality by 20-30%."

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Statistic 11

"Real-time data obtained from IoT can increase manufacturing efficiency by almost 30%."

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Statistic 12

"About 70% of manufacturers plan to invest in IoT technology in the next three years."

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Statistic 13

"Predictive maintenance enabled by IoT can reduce maintenance costs by up to 30%."

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Statistic 14

"Manufacturers report a 15% increase in production output due to IoT integration."

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Statistic 15

"More than 75% of advanced manufacturers have invested in cloud-based IoT technologies."

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Statistic 16

"The global IoT in manufacturing market is growing at a CAGR of 29%."

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Statistic 17

"Nearly 60% of manufacturers see IoT as a primary enabler for better supply chain management."

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Statistic 18

"IoT in manufacturing can yield up to $3.7 trillion in value by 2025."

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