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Conversational AI Market by Component (Solutions and Services), Type (Chatbots and IVA), Technology (NLP and ASR), Business Function (Sales and Market...

Publisher:        MarketsandMarkets

# of Pages:        305

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1 User License $4,950

Publication Date:  November, 2021

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1 INTRODUCTION 44
1.1 INTRODUCTION TO COVID-19 44
1.2 COVID-19 HEALTH ASSESSMENT 44
FIGURE 1 COVID-19: GLOBAL PROPAGATION 44
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 45
1.3 COVID-19 ECONOMIC ASSESSMENT 46
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 46
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 47
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY 47
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 48
1.4 OBJECTIVES OF THE STUDY 49
1.5 MARKET DEFINITION 49
1.5.1 INCLUSIONS AND EXCLUSIONS 49
1.6 MARKET SCOPE 50
1.6.1 MARKET SEGMENTATION 50
1.6.2 REGIONS COVERED 51
1.6.3 YEARS CONSIDERED FOR THE STUDY 51
1.7 CURRENCY CONSIDERED 52
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2020 52
1.8 STAKEHOLDERS 52
1.9 SUMMARY OF CHANGES 52
2 RESEARCH METHODOLOGY 54
2.1 RESEARCH DATA 54
FIGURE 6 CONVERSATIONAL AI MARKET: RESEARCH DESIGN 54
2.1.1 SECONDARY DATA 55
2.1.2 PRIMARY DATA 55
TABLE 2 PRIMARY INTERVIEWS 56
2.1.2.1 Breakup of primary profiles 56
2.1.2.2 Key industry insights 57
2.2 MARKET BREAKUP AND DATA TRIANGULATION 58
FIGURE 7 DATA TRIANGULATION 58
2.3 MARKET SIZE ESTIMATION 59
FIGURE 8 CONVERSATIONAL AI MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 59
2.3.1 TOP-DOWN APPROACH 59
2.3.2 BOTTOM-UP APPROACH 60
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (SUPPLY-SIDE): REVENUE FROM SOLUTIONS/SERVICES OF THE CONVERSATIONAL AI MARKET 60
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY- APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/ SERVICES OF THE CONVERSATIONAL AI MARKET 61
FIGURE 11 MARKET SIZE ESTIMATION METHODOLOGY-APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/ SERVICES OF THE CONVERSATIONAL AI MARKET 62
FIGURE 12 MARKET SIZE ESTIMATION METHODOLOGY-APPROACH 4, BOTTOM-UP (DEMAND-SIDE): SHARE OF CONVERSATIONAL AI THROUGH OVERALL CONVERSATIONAL AI SPENDING 62
2.4 MARKET FORECAST 63
TABLE 3 FACTOR ANALYSIS 63
2.5 COMPANY EVALUATION MATRIX METHODOLOGY 64
FIGURE 13 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE 64
2.6 STARTUP/SME EVALUATION MATRIX METHODOLOGY 65
FIGURE 14 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE 65
2.7 ASSUMPTIONS FOR THE STUDY 66
2.8 LIMITATIONS OF THE STUDY 67
2.9 IMPLICATIONS OF COVID-19 ON THE CONVERSATIONAL AI MARKET 68
FIGURE 15 QUARTERLY IMPACT OF COVID-19 DURING 2020–2021 68
3 EXECUTIVE SUMMARY 71
TABLE 4 GLOBAL CONVERSATIONAL AI MARKET SIZE AND GROWTH RATE,
2016–2020 (USD MILLION, Y-O-Y %) 72
TABLE 5 GLOBAL CONVERSATIONAL AI MARKET SIZE AND GROWTH RATE,
2021–2026 (USD MILLION, Y-O-Y %) 72
FIGURE 16 CONVERSATIONAL AI MARKET SNAPSHOT, BY COMPONENT 73
FIGURE 17 CONVERSATIONAL AI MARKET SNAPSHOT, BY SERVICE 73
FIGURE 18 CONVERSATIONAL AI MARKET SNAPSHOT, BY DEPLOYMENT MODE 74
FIGURE 19 CONVERSATIONAL AI MARKET SNAPSHOT, BY ORGANIZATION SIZE 74
FIGURE 20 CONVERSATIONAL AI MARKET SNAPSHOT, BY TECHNOLOGY 75
FIGURE 21 CONVERSATIONAL AI MARKET SNAPSHOT, BY BUSINESS FUNCTION 75
FIGURE 22 CONVERSATIONAL AI MARKET SNAPSHOT, BY MODE OF INTEGRATION 75
FIGURE 23 CONVERSATIONAL AI MARKET SNAPSHOT, BY VERTICAL 76
FIGURE 24 CONVERSATIONAL AI MARKET SNAPSHOT, BY REGION 76
4 PREMIUM INSIGHTS 77
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE CONVERSATIONAL AI MARKET 77
FIGURE 25 INCREASING DEMAND FOR AI-POWERED CUSTOMER SUPPORT SERVICES TO DRIVE THE GROWTH OF THE CONVERSATIONAL AI MARKET 77
4.2 CONVERSATIONAL AI MARKET: TOP THREE BUSINESS FUNCTIONS 78
FIGURE 26 OPERATIONS BUSINESS FUNCTION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 78
4.3 CONVERSATIONAL AI MARKET: BY REGION 78
FIGURE 27 NORTH AMERICA TO HOLD THE LARGEST MARKET SHARE IN 2021 78
4.4 CONVERSATIONAL AI MARKET IN NORTH AMERICA, BY MODE OF INTEGRATION AND BUSINESS FUNCTION 79
FIGURE 28 WEB-BASED MODE OF INTEGRATION AND SALES AND MARKETING BUSINESS FUNCTION TO ACCOUNT FOR THE LARGEST SHARES IN THE CONVERSATIONAL AI MARKET IN 2021 79
5 MARKET OVERVIEW AND INDUSTRY TRENDS 80
5.1 INTRODUCTION 80
5.2 MARKET DYNAMICS 80
FIGURE 29 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: CONVERSATIONAL AI MARKET 81
5.2.1 DRIVERS 81
5.2.1.1 Increasing demand for AI-powered customer support services 81
5.2.1.2 Omnichannel deployment and reduced chatbot development cost 82
5.2.1.3 Rising demand for AI-based chatbots to stay connected and informed during COVID-19 82
5.2.1.4 Increasing focus on customer engagement 83
5.2.2 RESTRAINTS 83
5.2.2.1 Lack of awareness about conversational AI solutions 83
5.2.2.2 Inability to recognize customer intent and respond effectively 83
5.2.3 OPPORTUNITIES 84
5.2.3.1 Integration of advanced AI capabilities to add value to existing conversational AI offerings 84
5.2.3.2 Growing demand for online shopping during the onset of COVID-19 84
5.2.4 CHALLENGES 85
5.2.4.1 Lack of accuracy in chatbots and virtual assistants 85
5.2.4.2 Maintaining business continuity during the COVID-19 pandemic 85
5.2.5 CUMULATIVE GROWTH ANALYSIS 85
5.3 CONVERSATIONAL AI MARKET: COVID-19 IMPACT 86
FIGURE 30 CONVERSATIONAL AI MARKET TO WITNESS MINIMAL SLOWDOWN IN GROWTH IN 2020 87
5.4 TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS OF THE CONVERSATIONAL AI MARKET 88
FIGURE 31 CONVERSATIONAL AI MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS 88
5.5 CASE STUDY ANALYSIS 89
5.5.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: USE CASES 89
5.5.1.1 Use case 1: The global financial services firm implemented Kore.ai conversational AI platform to resolve customer queries 89
5.5.1.2 Use case 2: InsureTech adopted Teneo conversational AI platform for better customer experience and services 89
5.5.1.3 Use case 3: Mutual of Omaha modernize its legacy contact center technology with the help of Amazon Lex 90
5.5.1.4 Use case 4: Rest deployed a V-Person™ virtual agent on their website to enrich the customer experience and enhance customer engagement 90
5.5.1.5 Use case 5: Zurich Middle East enable faster query resolution and service request with the implementation of Haptik’s IVA named Zuri 91
5.5.2 RETAIL AND ECOMMERCE: USE CASES 91
5.5.2.1 Use case 1: Microsoft offers Dixons Carphone a bot framework platform for building Cami to optimize their workloads 91
5.5.2.2 Use case 2: Google supports Dominos to scale and accommodate the number of intents and simple customer interactions 92
5.5.2.3 Use case 3: Tata CLiQ deployed Haptik’s shopping assistant CLiQ genie to automate the customer interactions and enhance personalization 92
5.5.3 MEDIA AND ENTERTAINMENT: USE CASES 93
5.5.3.1 Use case 1: Google support Ticketmaster by providing faster and more personalized services for ticket buyers 93
5.5.3.2 Use case 2: Kindred deployed Teneo conversational AI platform to simplify betting process 93
5.5.4 HEALTHCARE AND LIFE SCIENCES: USE CASES 94
5.5.4.1 Use case 1: Artificial Solutions offer Global Med Tech a enhance conversational AI solution to enable automation of resource intensive and complex tasks 94
5.5.4.2 Use case 2: Creative Virtual supported healthcare providers during pandemic to improve operational efficiencies 94
5.5.5 AUTOMOTIVE: USE CASES 95
5.5.5.1 Use case 1: Skoda deployed Teneo to deliver a superior customer service experience, enhance customer journey and improve website conversion rates 95
5.5.6 ENERGY AND UTILITIES: USE CASES 95
5.5.6.1 Use case 1: Shell implemented Teneo platform from Artificial Solutions to build digital employees to answer complex questions 95
5.5.6.2 Use case 2: ENGIE implemented to enhance communication between HR and other stakeholders 96
5.5.7 IT AND TELECOM: USE CASES 96
5.5.7.1 Use case 1: Creative Virtual supports the Telecommunications company to enhance user experience and handle multiple transactions per day 96
5.5.7.2 Use case 2: Telenor Group deployed Artificial Solutions virtual assistants to reduce customer service traffic and overall costs 97
5.5.7.3 Use case 3: AWS supports Citibot to quickly get answers to city-related questions in real-time 97
5.5.7.4 Use case 4: StarHub deployed Haptik conversational AI solutions to deliver prompt support and enhance CX on messaging channels 98
5.5.8 TRAVEL AND HOSPITALITY: USE CASES 98
5.5.8.1 Use case 1: AWS offers RedAwning a conversational AI solution Amazon Lex for better customer experience 98
5.6 REGULATORY IMPLICATIONS 99
5.6.1 GENERAL DATA PROTECTION REGULATION 99
5.6.2 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT 99
5.6.3 CALIFORNIA CONSUMER PRIVACY ACT 99
5.6.4 CHILDREN'S ONLINE PRIVACY PROTECTION ACT 100
5.7 TECHNOLOGY ANALYSIS 100
5.7.1 NATURAL LANGUAGE PROCESSING AND CONVERSATIONAL AI 100
5.7.2 ARTIFICIAL INTELLIGENCE AND CONVERSATIONAL AI 100
5.8 CONVERSATIONAL AI MARKET: ARCHITECTURE 101
FIGURE 32 CONVERSATIONAL AI: HIGH-LEVEL ARCHITECTURE OVERVIEW 101
5.9 ECOSYSTEM 102
FIGURE 33 CONVERSATIONAL AI MARKET: ECOSYSTEM 102
5.10 SUPPLY CHAIN ANALYSIS 103
FIGURE 34 SUPPLY CHAIN ANALYSIS 103
TABLE 6 CONVERSATIONAL AI MARKET: SUPPLY CHAIN 104
5.11 PATENT ANALYSIS 105
5.11.1 METHODOLOGY 105
5.11.2 DOCUMENT TYPE 105
TABLE 7 PATENTS FILED, 2018-2021 105
5.11.3 INNOVATION AND PATENT APPLICATIONS 105
FIGURE 35 TOTAL NUMBER OF PATENTS GRANTED IN A YEAR, 2018–2021 105
5.11.3.1 Top applicants 106
FIGURE 36 TOP 10 COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS, 2018–2021 106
5.12 PRICING MODEL ANALYSIS, 2021 106
TABLE 8 CONVERSATIONAL AI MARKET: PRICING MODEL ANALYSIS, 2021 107
5.13 PORTER’S FIVE FORCES ANALYSIS 110
TABLE 9 IMPACT OF EACH FORCE ON THE CONVERSATIONAL AI 110
FIGURE 37 PORTER’S FIVE FORCES ANALYSIS 111
5.13.1 THREAT OF NEW ENTRANTS 111
5.13.2 THREAT OF SUBSTITUTES 111
5.13.3 BARGAINING POWER OF SUPPLIERS 112
5.13.4 BARGAINING POWER OF BUYERS 112
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 112
5.14 SCENARIO 112
TABLE 10 CRITICAL FACTORS TO IMPACT THE GROWTH OF THE CONVERSATIONAL AI MARKET 112
6 CONVERSATIONAL AI MARKET, BY COMPONENT 113
6.1 INTRODUCTION 114
6.1.1 COMPONENTS: COVID-19 IMPACT 114
FIGURE 38 SERVICES SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD 115
TABLE 11 CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 115
TABLE 12 CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 115
6.2 SOLUTIONS 116
6.2.1 TO ENHANCE THE CUSTOMER EXPERIENCE, CONVERSATIONAL AI SOLUTIONS ARE GROWING AT A RAPID PACE GLOBALLY 116
TABLE 13 SOLUTIONS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 116
TABLE 14 SOLUTIONS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 116
6.3 SERVICES 117
6.3.1 TECHNICALITIES INVOLVED IN IMPLEMENTING CONVERSATIONAL AI SOLUTIONS TO BOOST THE GROWTH OF SERVICES AMONG VERTICALS 117
FIGURE 39 SYSTEM INTEGRATION AND IMPLEMENTATION SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 117
TABLE 15 CONVERSATIONAL AI MARKET SIZE, BY SERVICE, 2016–2020 (USD MILLION) 117
TABLE 16 CONVERSATIONAL AI MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 118
TABLE 17 SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 118
TABLE 18 SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 118
6.3.2 TRAINING AND CONSULTING SERVICES 119
TABLE 19 TRAINING AND CONSULTING SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 119
TABLE 20 TRAINING AND CONSULTING SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 119
6.3.3 SYSTEM INTEGRATION AND IMPLEMENTATION 120
TABLE 21 SYSTEM INTEGRATION AND IMPLEMENTATION SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 120
TABLE 22 SYSTEM INTEGRATION AND IMPLEMENTATION SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 120
6.3.4 SUPPORT AND MAINTENANCE 121
TABLE 23 SUPPORT AND MAINTENANCE SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 121
TABLE 24 SUPPORT AND MAINTENANCE SERVICES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 121
7 CONVERSATIONAL AI MARKET, BY TYPE 122
7.1 INTRODUCTION 123
7.1.1 TYPES: COVID-19 IMPACT 123
FIGURE 40 INTELLIGENT VIRTUAL ASSISTANTS SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD 123
TABLE 25 CONVERSATIONAL AI MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 124
TABLE 26 CONVERSATIONAL AI MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 124
7.2 INTELLIGENT VIRTUAL ASSISTANTS 124
7.2.1 INCREASING DEMAND FOR CUSTOMER SUPPORT SERVICES TO PAVE THE WAY FOR THE CONVERSATIONAL AI MARKET ACROSS DIFFERENT VERTICALS 124
TABLE 27 INTELLIGENT VIRTUAL ASSISTANTS: CONVERSATIONAL AI MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION) 125
TABLE 28 INTELLIGENT VIRTUAL ASSISTANTS: CONVERSATIONAL AI MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION) 125
7.3 CHATBOTS 125
7.3.1 AI-BASED CHATBOTS TO AUTOMATE CONVERSATIONS ACROSS CHANNELS TO GROW AT A RAPID PACE IN THE COMING YEARS 125
TABLE 29 CHATBOTS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 126
TABLE 30 CHATBOTS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 126
8 CONVERSATIONAL AI MARKET, BY DEPLOYMENT MODE 127
8.1 INTRODUCTION 128
8.1.1 DEPLOYMENT MODES: COVID-19 IMPACT 128
FIGURE 41 CLOUD SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD 128
TABLE 31 CONVERSATIONAL AI MARKET SIZE, BY DEPLOYMENT MODE,
2016–2020 (USD MILLION) 129
TABLE 32 CONVERSATIONAL AI MARKET SIZE, BY DEPLOYMENT MODE,
2021–2026 (USD MILLION) 129
8.2 ON-PREMISES 129
8.2.1 DATA-SENSITIVE ORGANIZATIONS TO ADOPT THE ON-PREMISES DEPLOYMENT MODE TO DEPLOY CONVERSATIONAL AI SOLUTIONS 129
TABLE 33 ON-PREMISES: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 130
TABLE 34 ON-PREMISES: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 130
8.3 CLOUD 130
8.3.1 BENEFITS, SUCH AS SCALABILITY AND EASE OF IMPLEMENTATION, TO BOOST THE GROWTH OF THE CLOUD DEPLOYMENT MODE 130
TABLE 35 CLOUD: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 131
TABLE 36 CLOUD: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 131
9 CONVERSATIONAL AI MARKET, BY ORGANIZATION SIZE 132
9.1 INTRODUCTION 133
9.1.1 ORGANIZATION SIZES: COVID-19 IMPACT 133
FIGURE 42 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD 134
TABLE 37 CONVERSATIONAL AI MARKET SIZE, BY ORGANIZATION SIZE,
2016–2020 (USD MILLION) 134
TABLE 38 CONVERSATIONAL AI MARKET SIZE, BY ORGANIZATION SIZE,
2021–2026 (USD MILLION) 134
9.2 LARGE ENTERPRISES 135
9.2.1 TO OPTIMIZE COMPLEX HR PROCESSES, THE ADOPTION OF CONVERSATIONAL AI IS ON THE RISE AMONG LARGE ENTERPRISES 135
TABLE 39 LARGE ENTERPRISES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 135
TABLE 40 LARGE ENTERPRISES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 135
9.3 SMALL AND MEDIUM-SIZED ENTERPRISES 136
9.3.1 ADOPTION OF NEW TECHNOLOGIES TO FIX ISSUES FOR ENHANCING THE BUSINESS PROCESSES TO BOOST THE DEMAND FOR CONVERSATIONAL AI AMONG SMES 136
TABLE 41 SMALL AND MEDIUM-SIZED ENTERPRISES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 136
TABLE 42 SMALL AND MEDIUM-SIZED ENTERPRISES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 136
10 CONVERSATIONAL AI MARKET, BY MODE OF INTEGRATION 137
10.1 INTRODUCTION 138
10.1.1 MODES OF INTEGRATION: COVID-19 IMPACT 138
FIGURE 43 APP-BASED SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 138
TABLE 43 CONVERSATIONAL AI MARKET SIZE, BY MODE OF INTEGRATION,
2016–2020 (USD MILLION) 139
TABLE 44 CONVERSATIONAL AI MARKET SIZE, BY MODE OF INTEGRATION,
2021–2026 (USD MILLION) 139
10.2 WEB-BASED 139
10.2.1 GROWING NEED TO PROVIDE PRODUCT RECOMMENDATIONS TO WEBSITE VISITORS TO DRIVE THE ADOPTION OF CONVERSATIONAL AI 139
TABLE 45 WEB-BASED: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 140
TABLE 46 WEB-BASED: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 140
10.3 APP-BASED 140
10.3.1 PROLIFERATION OF SMARTPHONES TO BOOST THE ADOPTION OF APP-BASED CONVERSATIONAL AI SOLUTIONS AMONG ENTERPRISES 140
TABLE 47 APP-BASED: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 141
TABLE 48 APP-BASED: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 141
10.4 TELEPHONIC 141
10.4.1 NEED TO FACILITATE CONVERSATIONS BETWEEN CUSTOMERS AND BUSINESSES TO BOOST THE ADOPTION OF CONVERSATIONAL AI SOLUTIONS ACROSS THE TELEPHONIC MODE OF INTEGRATION 141
TABLE 49 TELEPHONIC: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 142
TABLE 50 TELEPHONIC: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 142
11 CONVERSATIONAL AI MARKET, BY TECHNOLOGY 143
11.1 INTRODUCTION 144
11.1.1 TECHNOLOGIES: COVID-19 IMPACT 144
FIGURE 44 MACHINE LEARNING AND DEEP LEARNING SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 145
TABLE 51 CONVERSATIONAL AI MARKET SIZE, BY TECHNOLOGY,
2016–2020 (USD MILLION) 145
TABLE 52 CONVERSATIONAL AI MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION) 145
11.2 MACHINE LEARNING AND DEEP LEARNING 146
11.2.1 GROWING NEED TO ANALYZE AND UNDERSTAND USERS’ ACTIVITIES AND PREFERENCES TO DRIVE THE DEMAND FOR CONVERSATIONAL AI SOLUTIONS ACROSS THE GLOBE 146
TABLE 53 ML AND DEEP LEARNING: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 146
TABLE 54 ML AND DEEP LEARNING: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 147
11.3 NATURAL LANGUAGE PROCESSING 147
11.3.1 NLP TECHNOLOGY TO GROW AT A RAPID PACE WITH THE GROWING NEED TO RECOGNIZE HUMAN VOICE BY MACHINES TO HANDLE QUERIES OR RESPONSES EFFECTIVELY 147
TABLE 55 NATURAL LANGUAGE PROCESSING: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 147
TABLE 56 NATURAL LANGUAGE PROCESSING: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 148
11.4 AUTOMATIC SPEECH RECOGNITION 148
11.4.1 RISING NEED TO HANDLE CUSTOMER SERVICES AND RESOLVE CUSTOMER QUERIES ACROSS LARGE ENTERPRISES TO BOOST THE DEMAND FOR CONVERSATION AI 148
TABLE 57 AUTOMATIC SPEECH RECOGNITION: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 148
TABLE 58 AUTOMATIC SPEECH RECOGNITION: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 149
12 CONVERSATIONAL AI MARKET, BY BUSINESS FUNCTION 150
12.1 INTRODUCTION 151
12.1.1 BUSINESS FUNCTIONS: COVID-19 IMPACT 151
FIGURE 45 OPERATIONS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 151
TABLE 59 CONVERSATIONAL AI MARKET SIZE, BY BUSINESS FUNCTION,
2016–2020 (USD MILLION) 152
TABLE 60 CONVERSATIONAL AI MARKET SIZE, BY BUSINESS FUNCTION,
2021–2026 (USD MILLION) 152
12.2 SALES AND MARKETING 152
12.2.1 GROWING NEED TO EFFECTIVELY RECOGNIZE CUSTOMER PURCHASING PATTERNS TO BOOST THE DEMAND FOR CONVERSATIONAL AI SOLUTIONS FOR SALES AND MARKETING 152
TABLE 61 SALES AND MARKETING: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 153
TABLE 62 SALES AND MARKETING: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 153
TABLE 63 SALES AND MARKETING: APPLICATIONS 153
TABLE 64 CONVERSATIONAL AI MARKET SIZE, BY SALES AND MARKETING APPLICATION, 2016–2020 (USD MILLION) 154
TABLE 65 CONVERSATIONAL AI MARKET SIZE, BY SALES AND MARKETING APPLICATION, 2021–2026 (USD MILLION) 154
12.3 HUMAN RESOURCE 154
12.3.1 CONVERSATIONAL AI FOR HR ENABLES ORGANIZATIONS TO AUTOMATE AN EMPLOYEE’S ENGAGEMENT AND MANAGE COMPLEX ONBOARDING PROCESSES IN REAL TIME 154
TABLE 66 HUMAN RESOURCE: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 155
TABLE 67 HUMAN RESOURCE: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 155
TABLE 68 HUMAN RESOURCE: APPLICATIONS 155
TABLE 69 CONVERSATIONAL AI MARKET SIZE, BY HUMAN RESOURCE APPLICATION, 2016–2020 (USD MILLION) 156
TABLE 70 CONVERSATIONAL AI MARKET SIZE, BY HUMAN RESOURCE APPLICATION, 2021–2026 (USD MILLION) 156
12.4 FINANCE 157
12.4.1 CONVERSATIONAL AI SUPPORTS FINANCE TEAMS TO TRACK OUTSTANDING INVOICES AND AUTOMATE THE FOLLOW-UP PROCESS TO ENSURE THAT INVOICES ARE PAID AND CLOSED ON TIME 157
TABLE 71 FINANCE: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 157
TABLE 72 FINANCE: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 157
TABLE 73 FINANCE: APPLICATIONS 158
TABLE 74 CONVERSATIONAL AI MARKET SIZE, BY FINANCE APPLICATION,
2016–2020 (USD MILLION) 158
TABLE 75 CONVERSATIONAL AI MARKET SIZE, BY FINANCE APPLICATION,
2021–2026 (USD MILLION) 158
12.5 OPERATIONS 159
12.5.1 CONVERSATIONAL AI IS USED TO HANDLE COMPLEX OPERATIONS AND SUPPLY CHAIN TASKS FOR IMPROVED PRODUCTIVITY 159
TABLE 76 OPERATIONS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 159
TABLE 77 OPERATIONS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 159
TABLE 78 OPERATIONS: APPLICATIONS 160
TABLE 79 CONVERSATIONAL AI MARKET SIZE, BY OPERATIONS APPLICATION,
2016–2020 (USD MILLION) 160
TABLE 80 CONVERSATIONAL AI MARKET SIZE, BY OPERATIONS APPLICATION,
2021–2026 (USD MILLION) 160
12.6 IT SERVICE MANAGEMENT 161
12.6.1 CONVERSATIONAL AI ACROSS ITSM IS USED TO STREAMLINE IT PROCESSES AND RESOLVE CUSTOMER QUERIES AT A FASTER RATE 161
TABLE 81 ITSM: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 161
TABLE 82 ITSM: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 161
TABLE 83 ITSM: APPLICATIONS 162
TABLE 84 CONVERSATIONAL AI MARKET SIZE, BY ITSM APPLICATION,
2016–2020 (USD MILLION) 162
TABLE 85 CONVERSATIONAL AI MARKET SIZE, BY ITSM APPLICATION,
2021–2026 (USD MILLION) 162
13 CONVERSATIONAL AI MARKET, BY VERTICAL 163
13.1 INTRODUCTION 164
13.1.1 VERTICALS: COVID-19 IMPACT 164
FIGURE 46 HEALTHCARE AND LIFE SCIENCES VERTICAL TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 165
13.1.2 MAJOR USE CASES: BY VERTICAL 165
TABLE 86 CONVERSATIONAL AI MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 166
TABLE 87 CONVERSATIONAL AI MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 167
13.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 167
13.2.1 CONVERSATIONAL AI SOLUTIONS HELP FINANCIAL INSTITUTIONS EFFORTLESSLY CONNECT WITH CUSTOMERS TO PROVIDE AN ENHANCED CUSTOMER EXPERIENCE 167
TABLE 88 BANKING FINANCIAL SERVICES AND INSURANCE: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 168
TABLE 89 BANKING FINANCIAL SERVICES AND INSURANCE: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 168
13.3 RETAIL AND ECOMMERCE 168
13.3.1 INCREASING DEPLOYMENT OF CONVERSATIONAL AI SOLUTIONS BY THE RETAIL AND ECOMMERCE VERTICAL ON VARIOUS CHANNELS TO LEAD TO GREATER CUSTOMER ENGAGEMENT AND LOYALTY 168
TABLE 90 RETAIL AND ECOMMERCE: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 169
TABLE 91 RETAIL AND ECOMMERCE: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 169
13.4 MEDIA AND ENTERTAINMENT 169
13.4.1 THE RISING DEMAND FOR PERSONALIZED AND ENHANCED CUSTOMER EXPERIENCE TO INCREASE THE ADOPTION OF CONVERSATIONAL AI SOLUTIONS AMONG MEDIA AND ENTERTAINMENT FIRMS 169
TABLE 92 MEDIA AND ENTERTAINMENT: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 170
TABLE 93 MEDIA AND ENTERTAINMENT: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 170
13.5 HEALTHCARE AND LIFE SCIENCES 170
13.5.1 THE NEED TO IMPROVE PATIENT MANAGEMENT, MONITORING, AND ENHANCE PATIENT EXPERIENCE TO DRIVE THE ADOPTION OF CONVERSATIONAL AI ACROSS THE VERTICAL 170
TABLE 94 HEALTHCARE AND LIFE SCIENCES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 171
TABLE 95 HEALTHCARE AND LIFE SCIENCES: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 171
13.6 IT AND TELECOM 171
13.6.1 THE GROWING DEMAND FOR EFFECTIVE CONTACT CENTERS AND OPERATIONAL COST REDUCTION TO GIVE A BOOST TO THE GROWTH OF CONVERSATIONAL AI ACROSS THE IT AND TELECOM VERTICAL 171
TABLE 96 IT AND TELECOM: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 172
TABLE 97 IT AND TELECOM: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 172
13.7 TRAVEL AND HOSPITALITY 172
13.7.1 THE RISING NEED TO AUTOMATE BOOKING PROCESSES AND SCHEDULE MANAGEMENT TO DRIVE THE GROWTH OF CONVERSATIONAL AI IN THE TRAVEL AND HOSPITALITY INDUSTRY 172
TABLE 98 TRAVEL AND HOSPITALITY: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 173
TABLE 99 TRAVEL AND HOSPITALITY: CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 173
13.8 AUTOMOTIVE 174
13.8.1 THE GROWING NEED TO INFORM CUSTOMERS ABOUT IN-CAR SYSTEMS AND SCHEDULE A TEST DRIVE WOULD BOOST THE ADOPTION OF CONVERSATIONAL AI IN THE AUTOMOTIVE VERTICAL 174
TABLE 100 AUTOMOTIVE: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 174
TABLE 101 AUTOMOTIVE: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 175
13.9 OTHER VERTICALS 175
TABLE 102 OTHER VERTICALS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 176
TABLE 103 OTHER VERTICALS: CONVERSATIONAL AI MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 176
14 CONVERSATIONAL AI MARKET, BY REGION 177
14.1 INTRODUCTION 178
FIGURE 47 INDIA TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD 178
FIGURE 48 ASIA PACIFIC TO WITNESS THE HIGHEST CAGR DURING THE FORECAST PERIOD 179
TABLE 104 CONVERSATIONAL AI MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 179
TABLE 105 CONVERSATIONAL AI MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 179
14.2 NORTH AMERICA 180
14.2.1 NORTH AMERICA: COVID-19 IMPACT 180
14.2.2 NORTH AMERICA: REGULATIONS 181
14.2.2.1 Personal Information Protection and Electronic Documents Act (PIPEDA 181
14.2.2.2 Gramm–Leach–Bliley (GLB) Act 181
14.2.2.3 Health Insurance Portability and Accountability Act (HIPAA) of 1996 181
14.2.2.4 Health Level Seven (HL7) 182
14.2.2.5 Occupational Safety and Health Administration (OSHA) 182
14.2.2.6 Federal Information Security Management Act (FISMA) 182
14.2.2.7 Federal Information Processing Standards (FIPS) 182
14.2.2.8 California Consumer Privacy Act (CSPA) 183
FIGURE 49 NORTH AMERICA: MARKET SNAPSHOT 183
TABLE 106 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 184
TABLE 107 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 184
TABLE 108 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 184
TABLE 109 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 184
TABLE 110 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 185
TABLE 111 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 185
TABLE 112 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY TECHNOLOGY, 2016–2020 (USD MILLION) 185
TABLE 113 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION) 186
TABLE 114 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY MODE OF INTEGRATION, 2016–2020 (USD MILLION) 186
TABLE 115 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY MODE OF INTEGRATION, 2021–2026 (USD MILLION) 186
TABLE 116 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 186
TABLE 117 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 187
TABLE 118 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 187
TABLE 119 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 187
TABLE 120 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY BUSINESS FUNCTION, 2016–2020 (USD MILLION) 187
TABLE 121 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY BUSINESS FUNCTION, 2021–2026 (USD MILLION) 188
TABLE 122 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 188
TABLE 123 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 189
TABLE 124 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY COUNTRY,
2016–2020 (USD MILLION) 189
TABLE 125 NORTH AMERICA: CONVERSATIONAL AI MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION) 189
14.2.3 UNITED STATES 190
14.2.3.1 The growing implementation of AI and ML-based solutions for enhanced customer service to fuel the demand for conversational AI in the US 190
TABLE 126 UNITED STATES: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 190
TABLE 127 UNITED STATES: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 190
14.2.4 CANADA 191
14.2.4.1 The realization by companies to enhance customer experience and handle complex business processes to drive the growth of conversational AI solutions in Canada 191
TABLE 128 CANADA: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 191
TABLE 129 CANADA: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 191
14.3 EUROPE 191
14.3.1 EUROPE: COVID-19 IMPACT 192
14.3.2 EUROPE: REGULATIONS 192
14.3.2.1 General Data Protection Regulation (GDPR) 192
14.3.2.2 Payment Card Industry Data Security Standard (PCI-DSS) 193
14.3.2.3 European Committee for Standardization (CEN) 193
TABLE 130 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 193
TABLE 131 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 193
TABLE 132 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 193
TABLE 133 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 194
TABLE 134 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 194
TABLE 135 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 194
TABLE 136 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY TECHNOLOGY,
2016–2020 (USD MILLION) 194
TABLE 137 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION) 195
TABLE 138 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY MODE OF INTEGRATION, 2016–2020 (USD MILLION) 195
TABLE 139 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY MODE OF INTEGRATION, 2021–2026 (USD MILLION) 195
TABLE 140 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 195
TABLE 141 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 196
TABLE 142 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 196
TABLE 143 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 196
TABLE 144 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY BUSINESS FUNCTION, 2016–2020 (USD MILLION) 196
TABLE 145 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY BUSINESS FUNCTION, 2021–2026 (USD MILLION) 197
TABLE 146 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 197
TABLE 147 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 198
TABLE 148 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY COUNTRY,
2016–2020 (USD MILLION) 198
TABLE 149 EUROPE: CONVERSATIONAL AI MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION) 198
14.3.3 UNITED KINGDOM 199
14.3.3.1 The heavy inflow of capital from various investors to fuel the adoption of conversational AI solutions in the UK 199
TABLE 150 UNITED KINGDOM: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 199
TABLE 151 UNITED KINGDOM: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 199
14.3.4 GERMANY 199
14.3.4.1 Rising government support and highly skilled labor force to drive the growth of conversational AI in Germany 199
TABLE 152 GERMANY: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 200
TABLE 153 GERMANY: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 200
14.3.5 FRANCE 200
14.3.5.1 The rising acceptance of digital transformation across large and mid-sized organizations to drive the growth of the conversational AI market in France 200
TABLE 154 FRANCE: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 200
TABLE 155 FRANCE: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 201
14.3.6 REST OF EUROPE 201
TABLE 156 REST OF EUROPE: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 201
TABLE 157 REST OF EUROPE: CONVERSATIONAL AI MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 201

Particle Size Analysis Market by Technology (Laser Diffraction, DLS, Imaging, Coulter Principle, Sieving, Nanoparticle Tracking), Dispersion (Wet, Dry...

Publisher:        MarketsandMarkets

# of Pages:        204

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1 User License $4,950

Publication Date:  November, 2021

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1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS & EXCLUSIONS 27
1.3 MARKET SCOPE 27
1.3.1 MARKETS COVERED 27
1.3.1.1 Regions covered 28
1.3.2 YEARS CONSIDERED FOR THE STUDY 28
1.4 CURRENCY USED FOR THE STUDY 29
1.5 STAKEHOLDERS 29
1.6 SUMMARY OF CHANGES 29
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Indicative list of secondary sources 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Breakdown of primaries 34
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 34
2.2 MARKET ESTIMATION METHODOLOGY 34
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 35
2.2.1 REVENUE MAPPING-BASED MARKET ESTIMATION 35
2.2.2 PRODUCT-BASED MARKET ESTIMATION 36
FIGURE 4 PARTICLE SIZE ANALYSIS MARKET: REVENUE MAPPING-BASED ESTIMATION 36
2.2.3 END USER-BASED MARKET SIZE ESTIMATION 36
FIGURE 5 PARTICLE SIZE ANALYSIS MARKET: END USER-BASED ESTIMATION 37
2.2.4 PRIMARY RESEARCH VALIDATION 37
2.3 COVID-19 HEALTH ASSESSMENT 38
2.4 COVID-19 ECONOMIC ASSESSMENT 38
2.5 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 38
FIGURE 6 CRITERIA IMPACTING THE GLOBAL ECONOMY 39
FIGURE 7 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 40
2.6 DATA TRIANGULATION 41
FIGURE 8 DATA TRIANGULATION 41
2.7 RESEARCH ASSUMPTIONS 42
2.8 RESEARCH LIMITATIONS 42
3 EXECUTIVE SUMMARY 43
FIGURE 9 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2021 VS. 2026 (USD MILLION) 43
FIGURE 10 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2021 VS. 2026 (USD MILLION) 44
FIGURE 11 PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 45
FIGURE 12 PARTICLE SIZE ANALYSIS MARKET SHARE FOR HEALTHCARE INDUSTRY,
BY END USER (2021 VS. 2026) 45
FIGURE 13 PARTICLE SIZE ANALYSIS MARKET: GEOGRAPHIC SNAPSHOT 46
4 PREMIUM INSIGHTS 48
4.1 PARTICLE SIZE ANALYSIS MARKET OVERVIEW 48
FIGURE 14 INCREASING RESEARCH ACTIVITIES IN NANOTECHNOLOGY TO DRIVE MARKET GROWTH 48
4.2 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY 49
FIGURE 15 LASER DIFFRACTION SEGMENT TO DOMINATE THE MARKET DURING
2021–2026 49
4.3 PARTICLE SIZE ANALYSIS MARKET, BY END USER (2020) 49
FIGURE 16 NORTH AMERICA WAS A KEY MARKET FOR ALL END USER SEGMENTS IN 2020 49
4.4 GEOGRAPHIC SNAPSHOT OF THE PARTICLE SIZE ANALYSIS MARKET 50
FIGURE 17 CHINA AND INDIA TO BE THE FASTEST-GROWING MARKETS FOR PARTICLE SIZE ANALYSIS PRODUCTS DURING THE FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 18 PARTICLE SIZE ANALYSIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
5.2.1.1 Increasing research activities in the field of nanotechnology 52
5.2.1.2 Increasing investments in pharmaceutical R&D 53
5.2.1.3 Development of technologically advanced nanoparticle instruments 53
5.2.1.4 Stringent regulatory guidelines for product quality across industries 53
5.2.1.5 Increasing funding activities to drive the purchasing power of research institutions 54
5.2.2 RESTRAINTS 54
5.2.2.1 High cost of particle size analyzers 54
5.2.2.2 Limitations in particle characterization range 54
5.2.3 OPPORTUNITIES 55
5.2.3.1 Increasing number of conferences and events 55
5.2.3.2 Emerging markets 55
5.2.4 CHALLENGES 56
5.2.4.1 Lack of well-established distribution networks among SMEs 56
5.2.4.2 Limitations of laser diffraction technology 56
5.3 PORTER’S FIVE FORCES ANALYSIS 57
5.3.1 OVERVIEW 57
TABLE 1 PARTICLE SIZE ANALYSIS MARKET: PORTER’S FIVE FORCES ANALYSIS 57
5.3.2 THREAT OF NEW ENTRANTS 57
5.3.3 THREAT OF SUBSTITUTES 57
5.3.4 BARGAINING POWER OF SUPPLIERS 58
5.3.5 BARGAINING POWER OF BUYERS 58
5.3.6 DEGREE OF COMPETITION 58
5.4 REGULATORY ANALYSIS 58
5.5 ECOSYSTEM MAPPING 62
5.6 VALUE CHAIN ANALYSIS 62
5.6.1 RESEARCH AND DEVELOPMENT (R&D) 62
5.6.2 MANUFACTURING AND ASSEMBLY 62
5.6.3 DISTRIBUTION, MARKETING & SALES, AND POST-SALES SERVICES 62
FIGURE 19 VALUE CHAIN ANALYSIS 63
5.7 SUPPLY CHAIN ANALYSIS 63
5.7.1 PROMINENT COMPANIES 63
5.7.2 SMALL & MEDIUM-SIZED ENTERPRISES (SMES) 63
5.7.3 END USERS 64
FIGURE 20 SUPPLY CHAIN ANALYSIS 64
5.8 IMPACT OF COVID-19 ON THE PARTICLE SIZE ANALYSIS MARKET 64
5.9 PRICING ANALYSIS 65
5.10 PATENT ANALYSIS 65
FIGURE 21 TOP 10 PATENT OWNERS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 65
FIGURE 22 TOP 10 INVENTORS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 66
FIGURE 23 TOP 10 PATENT APPLICANTS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 66
FIGURE 24 PATENT DOCUMENTS BY JURISDICTION FOR PARTICLE SIZE ANALYSIS (JANUARY 2011 AND OCTOBER 2021) 67
FIGURE 25 PATENT DOCUMENTS BY LEGAL STATUS FOR PARTICLE SIZE ANALYSIS (JANUARY 2011 AND OCTOBER 2021) 67
6 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY 68
6.1 INTRODUCTION 69
TABLE 2 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 69
6.2 LASER DIFFRACTION 69
6.2.1 TECHNOLOGICAL ADVANTAGES OF THIS METHOD TO RESULT IN HIGHER ADOPTION AMONGST END USERS 69
TABLE 3 PARTICLE SIZE ANALYSIS MARKET FOR LASER DIFFRACTION, BY REGION, 2019–2026 (USD MILLION) 71
TABLE 4 PARTICLE SIZE ANALYSIS MARKET FOR LASER DIFFRACTION, BY END USER, 2019–2026 (USD MILLION) 71
6.3 DYNAMIC LIGHT SCATTERING 72
6.3.1 NANOTECHNOLOGICAL APPLICATIONS OF DLS TECHNOLOGIES TO DRIVE MARKET GROWTH 72
TABLE 5 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC LIGHT SCATTERING,
BY REGION, 2019–2026 (USD MILLION) 73
TABLE 6 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC LIGHT SCATTERING,
BY END USER, 2019–2026 (USD MILLION) 73
6.4 IMAGING 74
TABLE 7 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 74
TABLE 8 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY REGION,
2019–2026 (USD MILLION) 75
TABLE 9 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY END USER,
2019–2026 (USD MILLION) 75
6.4.1 DYNAMIC IMAGING 76
6.4.1.1 User-friendliness and high-speed analysis to drive market growth 76
TABLE 10 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC IMAGING, BY REGION, 2019–2026 (USD MILLION) 77
6.4.2 STATIC IMAGING 77
6.4.2.1 High-resolution particle size and shape information output to push the market growth 77
TABLE 11 PARTICLE SIZE ANALYSIS MARKET FOR STATIC IMAGING, BY REGION,
2019–2026 (USD MILLION) 78
6.5 NANOPARTICLE TRACKING ANALYSIS (NTA) 78
6.5.1 ADVANCED TECHNOLOGY FOR NANO-PARTICLE SIZE ANALYSIS TO DRIVE MARKET 78
TABLE 12 PARTICLE SIZE ANALYSIS MARKET FOR NANOPARTICLE TRACKING ANALYSIS, BY REGION, 2019–2026 (USD MILLION) 79
TABLE 13 PARTICLE SIZE ANALYSIS MARKET FOR NANOPARTICLE TRACKING ANALYSIS, BY END USER, 2019–2026 (USD MILLION) 80
6.6 COULTER PRINCIPLE 80
6.6.1 HIGH ADOPTION IN THE HEALTHCARE INDUSTRY TO DRIVE CELLULAR SIZE ANALYSIS 80
TABLE 14 PARTICLE SIZE ANALYSIS MARKET FOR THE COULTER PRINCIPLE, BY REGION, 2019–2026 (USD MILLION) 81
TABLE 15 PARTICLE SIZE ANALYSIS MARKET FOR THE COULTER PRINCIPLE,
BY END USER, 2019–2026 (USD MILLION) 81
6.7 SIEVE ANALYSIS 82
6.7.1 DEVELOPMENT OF OTHER ADVANCED AND ACCURATE TECHNIQUES FOR PARTICLE SIZING TO DISRUPT THE SEGMENT GROWTH 82
TABLE 16 PARTICLE SIZE ANALYSIS MARKET FOR SIEVE ANALYSIS, BY REGION,
2019–2026 (USD MILLION) 82
TABLE 17 PARTICLE SIZE ANALYSIS MARKET FOR SIEVE ANALYSIS, BY END USER, 2019–2026 (USD MILLION) 83
6.8 OTHER TECHNOLOGIES 83
TABLE 18 PARTICLE SIZE ANALYSIS MARKET FOR OTHER TECHNOLOGIES, BY REGION, 2019–2026 (USD MILLION) 84
TABLE 19 PARTICLE SIZE ANALYSIS MARKET FOR OTHER TECHNOLOGIES,
BY END USER, 2019–2026 (USD MILLION) 84
7 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE 85
7.1 INTRODUCTION 86
TABLE 20 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2019–2026 (USD MILLION) 86
7.2 WET DISPERSION 86
7.2.1 HIGH ADOPTION AMONGST END USERS, ESPECIALLY FOR TOUGH SAMPLES/MATERIALS, TO SUPPORT MARKET GROWTH 86
TABLE 21 PARTICLE SIZE ANALYSIS MARKET FOR WET DISPERSION, BY REGION,
2019–2026 (USD MILLION) 87
7.3 DRY DISPERSION 87
7.3.1 EASE OF USE COMPARED TO WET DISPERSION METHODS TO DRIVE MARKET GROWTH 87
TABLE 22 PARTICLE SIZE ANALYSIS MARKET FOR DRY DISPERSION, BY REGION,
2019–2026 (USD MILLION) 88
7.4 SPRAY DISPERSION 89
7.4.1 INCREASED USE OF SPRAY-BASED MEDICINES IN THE PHARMACEUTICAL INDUSTRY TO DRIVE MARKET GROWTH 89
TABLE 23 PARTICLE SIZE ANALYSIS MARKET FOR SPRAY DISPERSION, BY REGION, 2019–2026 (USD MILLION) 89
8 PARTICLE SIZE ANALYSIS MARKET, BY END USER 90
8.1 INTRODUCTION 91
TABLE 24 PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 91
8.2 HEALTHCARE INDUSTRY 91
TABLE 25 PARTICLE SIZE ANALYSIS MARKET FOR HEALTHCARE INDUSTRY,
BY END USER, 2019–2026 (USD MILLION) 92
TABLE 26 PARTICLE SIZE ANALYSIS MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 93
8.2.1 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES 93
8.2.1.1 Particle size analysis plays a crucial step in raw material assessment and quality control 93
TABLE 27 PARTICLE SIZE ANALYSIS MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY REGION, 2019–2026 (USD MILLION) 94
8.2.2 PUBLIC & PRIVATE RESEARCH INSTITUTIONS 94
8.2.2.1 Active government investment to support nanotechnology research to drive the market demand 94
TABLE 28 PARTICLE SIZE ANALYSIS MARKET FOR PUBLIC & PRIVATE RESEARCH INSTITUTIONS, BY REGION, 2019–2026 (USD MILLION) 95
8.2.3 ACADEMIC INSTITUTIONS 95
8.2.3.1 Increasing focus on nanotechnology-related research and studies to expand the utilization of particle size analyzers 95
TABLE 29 PARTICLE SIZE ANALYSIS MARKET FOR ACADEMIC INSTITUTIONS,
BY REGION, 2019–2026 (USD MILLION) 96
8.3 COSMETIC INDUSTRY 96
8.3.1 WIDESPREAD APPLICATION IN MANUFACTURING AND QUALITY CONTROL OF THE FINAL PRODUCT TO SUPPORT MARKET GROWTH 96
TABLE 30 PARTICLE SIZE ANALYSIS MARKET FOR COSMETIC INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 97
8.4 CHEMICALS & PETROLEUM INDUSTRY 97
8.4.1 EXPANDING CHEMICALS & PETROLEUM INDUSTRY TO REFLECT
THE INCREASING DEMAND FOR PARTICLE SIZE ANALYZERS 97
TABLE 31 PARTICLE SIZE ANALYSIS MARKET FOR CHEMICALS & PETROLEUM INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 98
8.5 MINING, MINERALS, AND CEMENT INDUSTRY 98
8.5.1 WIDESPREAD APPLICATION OF PARTICLE SIZE ANALYSIS TO SUPPORT MARKET GROWTH 98
TABLE 32 PARTICLE SIZE ANALYSIS MARKET FOR MINING, MINERALS, AND CEMENT INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 99
8.6 FOOD & BEVERAGE INDUSTRY 99
8.6.1 GROWING CONCERN OVER FOOD QUALITY AND SAFETY COMPLIANCE IN EMERGING COUNTRIES TO DRIVE THE MARKET 99
TABLE 33 PARTICLE SIZE ANALYSIS MARKET FOR FOOD & BEVERAGE INDUSTRY,
BY REGION, 2019–2026 (USD MILLION) 100
8.7 OTHER INDUSTRIES 100
TABLE 34 PARTICLE SIZE ANALYSIS MARKET FOR OTHER INDUSTRIES, BY REGION, 2019–2026 (USD MILLION) 101
9 PARTICLE SIZE ANALYSIS MARKET, BY REGION 102
9.1 INTRODUCTION 103
TABLE 35 PARTICLE SIZE ANALYSIS MARKET, BY REGION, 2019–2026 (USD MILLION) 103
9.2 NORTH AMERICA 104
FIGURE 26 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET SNAPSHOT 105
TABLE 36 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 106
TABLE 37 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 106
TABLE 38 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 106
TABLE 39 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 107
TABLE 40 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 107
TABLE 41 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 108
9.2.1 US 108
9.2.1.1 Presence of a large number of pharmaceutical & biotechnological companies to support the market growth 108
TABLE 42 US: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 109
TABLE 43 US: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 109
9.2.2 CANADA 110
9.2.2.1 Increasing number of conferences on nanotechnology to drive the market growth 110
TABLE 44 CANADA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 110
TABLE 45 CANADA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 111
9.3 EUROPE 111
TABLE 46 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 112
TABLE 47 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 112
TABLE 48 EUROPE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 113
TABLE 49 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2019–2026 (USD MILLION) 113
TABLE 50 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 113
TABLE 51 EUROPE: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 114
9.3.1 GERMANY 114
9.3.1.1 Increasing number of conferences and workshops to push the adoption of particle size analyzers 114
TABLE 52 GERMANY: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 115
TABLE 53 GERMANY: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 115
9.3.2 UK 115
9.3.2.1 Academic and research institutions to drive the demand for particle size analyzers 115
TABLE 54 UK: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 116
TABLE 55 UK: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 116
9.3.3 FRANCE 117
9.3.3.1 Public-private investments for biotechnology to support the adoption of particle size analyzers 117
TABLE 56 FRANCE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 117
TABLE 57 FRANCE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 118
9.3.4 ITALY 118
9.3.4.1 Well established manufacturing and research infrastructure to push the utilization of particle size analyzers 118
TABLE 58 ITALY: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 119
TABLE 59 ITALY: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 119
9.3.5 SPAIN 119
9.3.5.1 Favorable environment for pharma and biotech companies and SMEs to support the demand for particle size analysis products 119
TABLE 60 SPAIN: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 120
TABLE 61 SPAIN: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 120
9.3.6 REST OF EUROPE 121
TABLE 62 ROE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 121
TABLE 63 ROE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 122
9.4 ASIA PACIFIC 122
FIGURE 27 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET SNAPSHOT 123
TABLE 64 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 124
TABLE 65 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 124
TABLE 66 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 67 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 125
TABLE 68 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 126
TABLE 69 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 126
9.4.1 CHINA 127
9.4.1.1 Growing end user base to push the demand for particle size analyzers in China 127
TABLE 70 CHINA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 127
TABLE 71 CHINA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 128
9.4.2 JAPAN 128
9.4.2.1 Rising R&D expenditure to drive the Japanese market 128
TABLE 72 JAPAN: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 129
TABLE 73 JAPAN: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 129
9.4.3 INDIA 129
9.4.3.1 Growing pharmaceutical manufacturing base to boost the demand for particle size analyzers 129
TABLE 74 INDIA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 130
TABLE 75 INDIA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 131
9.4.4 AUSTRALIA 131
9.4.4.1 Strong focus on biotechnology-based manufacturing and research to fuel market growth 131
TABLE 76 AUSTRALIA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 132
TABLE 77 AUSTRALIA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 132
9.4.5 SOUTH KOREA 132
9.4.5.1 Strong focus on R&D activities to drive the market growth 132
TABLE 78 SOUTH KOREA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 133
TABLE 79 SOUTH KOREA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 133
9.4.6 REST OF ASIA PACIFIC 134
TABLE 80 ROAPAC: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 134
TABLE 81 ROAPAC: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 134
9.5 LATIN AMERICA 135
TABLE 82 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 135
TABLE 83 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 136
TABLE 84 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 136
TABLE 85 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 136
TABLE 86 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 137
TABLE 87 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 137
9.5.1 BRAZIL 138
9.5.1.1 Lack of stringent government guidelines to hinder the market growth 138
TABLE 88 BRAZIL: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 138
TABLE 89 BRAZIL: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 139
9.5.2 MEXICO 139
9.5.2.1 Well established mining and petroleum industry base to boost the market growth 139
TABLE 90 MEXICO: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 140
TABLE 91 MEXICO: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 140
9.5.3 REST OF LATIN AMERICA 140
TABLE 92 ROLA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 141
TABLE 93 ROLA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 141
9.6 MIDDLE EAST & AFRICA 142
9.6.1 MULTIPLE CONFERENCES AND EXHIBITIONS TO PROMOTE THE UTILIZATION OF PARTICLE SIZE ANALYZERS 142
TABLE 94 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 142
TABLE 95 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING,
BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 96 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 143
TABLE 97 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER, 2019–2026 (USD MILLION) 144
TABLE 98 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 144
10 COMPETITIVE LANDSCAPE 145
10.1 OVERVIEW 145
10.2 KEY PLAYER STRATEGIES 145
FIGURE 28 KEY DEVELOPMENTS IN THE PARTICLE SIZE ANALYSIS MARKET
(2018 TO 2021) 146
10.3 REVENUE SHARE ANALYSIS OF KEY MARKET PLAYERS 147
FIGURE 29 REVENUE SHARE ANALYSIS OF THE TOP THREE PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 147
10.4 MARKET SHARE ANALYSIS 148
FIGURE 30 PARTICLE SIZE ANALYSIS MARKET SHARE, BY KEY PLAYER, 2020 148
10.5 COMPETITIVE LEADERSHIP MAPPING: COMPANY EVALUATION MATRIX FOR 25 MAJOR PLAYERS 149
10.5.1 TERMINOLOGY/NOMENCLATURE 150
10.5.1.1 Stars 150
10.5.1.2 Emerging leaders 150
10.5.1.3 Pervasive players 150
10.5.1.4 Participants 150
FIGURE 31 PARTICLE SIZE ANALYSIS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020 151
10.6 COMPETITIVE LEADERSHIP MAPPING-START-UP/ SME EVALUATION QUADRANT 152
10.6.1 PROGRESSIVE COMPANIES 152
10.6.2 RESPONSIVE COMPANIES 152
10.6.3 DYNAMIC COMPANIES 152
10.6.4 STARTING BLOCKS 152
FIGURE 32 DIGITAL X-RAY MARKET: COMPETITIVE LEADERSHIP MAPPING (SMES/START-UPS) 153
10.7 COMPETITIVE BENCHMARKING 154
TABLE 99 TECHNOLOGY AND REGIONAL FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 154
TABLE 100 TECHNOLOGY FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 155
TABLE 101 REGIONAL FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 156
10.8 COMPETITIVE SCENARIO (2018–2021) 157
10.8.1 NEW PRODUCT LAUNCHES & APPROVALS 157
10.8.2 DEALS 158
10.8.3 OTHER DEVELOPMENTS 159
11 COMPANY PROFILES 160
11.1 KEY PLAYERS 160
(Business overview, Products offered, Recent developments, MNM view)*
11.1.1 AIMSIZER (DANDONG HMKTEST INSTRUMENT CO., LTD.) 160
TABLE 102 DANDONG HMKTEST INSTRUMENT CO., LTD.: BUSINESS OVERVIEW 160
11.1.2 ANTON PAAR GMBH 162
TABLE 103 ANTON PAAR GMBH: BUSINESS OVERVIEW 162
11.1.3 BECKMAN COULTER, INC. (A SUBSIDIARY OF DANAHER) 164
TABLE 104 DANAHER: BUSINESS OVERVIEW 164
FIGURE 33 DANAHER: COMPANY SNAPSHOT (2020) 165
11.1.4 BETTERSIZE INSTRUMENTS LTD. 167
TABLE 105 BETTERSIZE INSTRUMENTS LTD.: BUSINESS OVERVIEW 167
11.1.5 BROOKHAVEN INSTRUMENTS (A PART OF NOVA INSTRUMENTS CORPORATION) 169
TABLE 106 BROOKHAVEN INSTRUMENTS: BUSINESS OVERVIEW 169
11.1.6 FRITSCH GMBH 171
TABLE 107 FRITSCH GMBH: BUSINESS OVERVIEW 171
11.1.7 HORIBA 172
TABLE 108 HORIBA: BUSINESS OVERVIEW 172
FIGURE 34 HORIBA: COMPANY SNAPSHOT (2020) 173
11.1.8 LS INSTRUMENTS 176
TABLE 109 LS INSTRUMENTS: BUSINESS OVERVIEW 176
11.1.9 MALVERN PANALYTICAL LTD. (A SUBSIDIARY OF SPECTRIS) 177
TABLE 110 SPECTRIS: BUSINESS OVERVIEW 177
FIGURE 35 SPECTRIS: COMPANY SNAPSHOT (2020) 178
11.1.10 METTLER TOLEDO 182
TABLE 111 METTLER TOLEDO: BUSINESS OVERVIEW 182
FIGURE 36 METTLER TOLEDO: COMPANY SNAPSHOT (2020) 183
11.1.11 MICROMERITICS INSTRUMENT CORPORATION 184
TABLE 112 MICROMERITICS INSTRUMENT CORPORATION: BUSINESS OVERVIEW 184
11.1.12 MICROTRAC RETSCH GMBH (A PART OF VERDER SCIENTIFIC GMBH & CO. KG) 187
TABLE 113 VERDER SCIENTIFIC GMBH & CO. KG: BUSINESS OVERVIEW 187
11.1.13 SHIMADZU CORPORATION 189
TABLE 114 SHIMADZU CORPORATION: BUSINESS OVERVIEW 189
FIGURE 37 SHIMADZU CORPORATION: COMPANY SNAPSHOT (2020) 190
11.1.14 SYMPATEC GMBH 193
TABLE 115 SYMPATEC GMBH: BUSINESS OVERVIEW 193
11.1.15 TSI 195
TABLE 116 TSI: BUSINESS OVERVIEW 195
*Business overview, Products offered, Recent developments, MNM view might not be captured in case of unlisted companies.
11.2 OTHER COMPANIES 197
11.2.1 PAMAS PARTIKELMESS - UND ANALYSESYTEME GMBH 197
11.2.2 JINAN WINNER PARTICLE SIZE INSTRUMENT STOCK CO., LTD 198
11.2.3 3P INSTRUMENTS 199
11.2.4 IZON SCIENCE LTD. 200
11.2.5 CSC SCIENTIFIC COMPANY, INC. 200
12 APPENDIX 201
12.1 DISCUSSION GUIDE 201
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 206
12.3 AVAILABLE CUSTOMIZATIONS 208
12.4 RELATED REPORTS 208
12.5 AUTHOR DETAILS 209

IoT in Manufacturing Market by Component (Solutions (Network Management and Data Management) and Services (Professional and Managed)), Deployment Mode...

Publisher:        MarketsandMarkets

# of Pages:        364

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Publication Date:  February, 2022

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1 INTRODUCTION 56
1.1 INTRODUCTION TO COVID-19 56
1.2 COVID-19 HEALTH ASSESSMENT 56
FIGURE 1 COVID-19: GLOBAL PROPAGATION 56
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 57
1.3 COVID-19 ECONOMIC ASSESSMENT 58
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 58
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 59
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY 59
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 60
1.4 OBJECTIVES OF THE STUDY 61
1.5 MARKET DEFINITION 61
1.5.1 INCLUSIONS AND EXCLUSIONS 62
1.6 MARKET SCOPE 62
1.6.1 MARKET SEGMENTATION 63
1.6.2 REGIONS COVERED 63
1.6.3 YEARS CONSIDERED FOR THE STUDY 64
1.7 CURRENCY CONSIDERED 64
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2021 64
1.8 STAKEHOLDERS 65
1.9 SUMMARY OF CHANGES 65
2 RESEARCH METHODOLOGY 66
2.1 RESEARCH DATA 66
FIGURE 6 GLOBAL IOT IN MANUFACTURING MARKET: RESEARCH DESIGN 66
2.1.1 SECONDARY DATA 67
2.1.2 PRIMARY DATA 67
TABLE 2 PRIMARY INTERVIEWS 68
2.1.2.1 Breakup of primary profiles 68
2.1.2.2 Key industry insights 69
2.2 MARKET BREAKUP AND DATA TRIANGULATION 70
FIGURE 7 DATA TRIANGULATION 70
2.3 MARKET SIZE ESTIMATION 70
2.3.1 BOTTOM–UP APPROACH 71
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES OF THE IOT IN MANUFACTURING MARKET 71
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (BOTTOM-UP) (SUPPLY-SIDE): COLLECTIVE REVENUE OF SOLUTIONS AND SERVICES OF THE IOT IN MANUFACTURING MARKET 71
2.3.2 TOP-DOWN APPROACH 72
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE): IOT IN MANUFACTURING MARKET 72
2.4 MARKET FORECAST 73
TABLE 3 FACTOR ANALYSIS 73
2.5 ASSUMPTIONS FOR THE STUDY 74
2.6 LIMITATIONS OF THE STUDY 75
3 EXECUTIVE SUMMARY 76
FIGURE 11 IOT IN MANUFACTURING MARKET SIZE, 2019–2026 77
FIGURE 12 LARGEST SEGMENTS IN THE IOT IN MANUFACTURING MARKET, 2021 78
FIGURE 13 IOT IN MANUFACTURING MARKET ANALYSIS 80
FIGURE 14 ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING THE FORECAST PERIOD 81
4 PREMIUM INSIGHTS 82
4.1 ATTRACTIVE OPPORTUNITIES IN THE IOT IN MANUFACTURING MARKET 82
FIGURE 15 RISING DEMAND FOR INDUSTRIAL AUTOMATION IN MANUFACTURING TO DRIVE MARKET GROWTH 82
4.2 NORTH AMERICAN IOT IN MANUFACTURING MARKET, 2021 82
FIGURE 16 SOLUTIONS SEGMENT AND UNITED STATES TO ACCOUNT FOR LARGE MARKET SHARES IN NORTH AMERICA IN 2021 82
4.3 ASIA PACIFIC IOT IN MANUFACTURING MARKET, 2021 83
FIGURE 17 SOLUTIONS SEGMENT AND CHINA TO ACCOUNT FOR LARGE MARKET SHARES IN ASIA PACIFIC IN 2021 83
4.4 IOT IN MANUFACTURING MARKET, BY COUNTRY 83
FIGURE 18 INDIA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 83
5 MARKET OVERVIEW AND INDUSTRY TRENDS 84
5.1 INTRODUCTION 84
5.2 MARKET DYNAMICS 84
FIGURE 19 IOT IN MANUFACTURING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 84
5.2.1 DRIVERS 85
5.2.1.1 Growing demand for industrial automation in the manufacturing industry 85
FIGURE 20 GROWTH OF ROBOT INTENSITY IN INDUSTRIES: UNITED STATES 85
5.2.1.2 Rising need for centralized monitoring and predictive maintenance of assets 85
5.2.1.3 Rise in the number of cost-effective and intelligent connected devices and sensors 86
5.2.1.4 Increasing need for reliable, secure, and high-speed network connectivity 86
FIGURE 21 GLOBAL IOT CONNECTIONS (BILLION) 86
5.2.1.5 Increased adoption of cloud computing platforms 87
5.2.2 RESTRAINTS 87
5.2.2.1 Issues related to data security and privacy in IoT 87
FIGURE 22 PRIVACY ISSUES IN IOT-PAST DATA (BILLION) 88
5.2.2.2 Absence of standardization in IoT protocols 88
5.2.2.3 Integration with the traditional systems and the lack of a technically skilled workforce 89
5.2.3 OPPORTUNITIES 89
5.2.3.1 Rising number of data centers 89
FIGURE 23 GLOBAL RISE IN DATA CENTERS, 2016–2019 90
5.2.3.2 Emerging 5G technology to help IoT adoption globally 90
5.2.3.3 Increase in smart manufacturing initiatives worldwide 90
5.2.3.4 Rising demand for IoT-enabled digital transformation of businesses 90
5.2.3.5 Growing demand for system integrators 91
5.2.4 CHALLENGES 91
5.2.4.1 Lack of skilled workforce for operating IoT-based equipment 91
5.2.4.2 Huge initial investments required for implementing IoT in smart manufacturing 91
5.2.4.3 Interoperability issues of legacy infrastructure and communication networks 92
5.3 INDUSTRY TRENDS 92
5.3.1 VALUE CHAIN ANALYSIS 92
FIGURE 24 IOT IN MANUFACTURING MARKET: VALUE CHAIN 93
5.3.2 ECOSYSTEM 94
TABLE 4 IOT IN MANUFACTURING MARKET: ECOSYSTEM 94
5.3.3 PORTER’S FIVE FORCES MODEL 95
TABLE 5 IMPACT OF EACH FORCE ON THE IOT IN MANUFACTURING MARKET 95
5.3.3.1 Threat of new entrants 95
5.3.3.2 Threat of substitutes 96
5.3.3.3 Bargaining power of suppliers 96
5.3.3.4 Bargaining power of buyers 96
5.3.3.5 Degree of competition 96
5.3.4 TECHNOLOGY ANALYSIS 96
5.3.4.1 Machine learning and artificial intelligence 96
5.3.4.2 Internet of things 97
5.3.4.3 Analytics 97
5.3.4.4 Cloud 97
5.3.4.5 Digital twin 98
5.3.4.6 Edge computing 98
5.3.4.7 MQTT protocol 98
5.3.4.8 Augmented reality 99
5.3.5 PATENT ANALYSIS 99
FIGURE 25 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS 99
TABLE 6 TOP TWENTY PATENT OWNERS 100
FIGURE 26 NUMBER OF PATENTS GRANTED IN A YEAR OVER THE LAST TEN YEARS 100
5.3.6 AVERAGE SELLING PRICE ANALYSIS 101
TABLE 7 AVERAGE SELLING PRICE RANGES OF SUBSCRIPTION BASED IOT IN MANUFACTURING SYSTEMS 101
5.3.7 USE CASE ANALYSIS 102
TABLE 8 USE CASE 1: CISCO 102
TABLE 9 USE CASE 2: IBM 102
TABLE 10 USE CASE 3: MICROSOFT 103
TABLE 11 USE CASE 4: PTC 103
TABLE 12 USE CASE 5: BOSCH.IO 104
5.3.8 KEY CONFERENCES AND EVENTS IN 2022–2023 105
TABLE 13 IOT IN MANUFACTURING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 105
5.4 COVID-19 PANDEMIC- DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS 107
5.4.1 OVERVIEW 107
5.4.2 DRIVERS AND OPPORTUNITIES 107
5.4.3 RESTRAINTS AND CHALLENGES 107
5.4.4 CUMULATIVE GROWTH ANALYSIS 108
TABLE 14 IOT IN MANUFACTURING MARKET: CUMULATIVE GROWTH ANALYSIS 108
6 IOT IN MANUFACTURING MARKET, BY COMPONENT 109
6.1 INTRODUCTION 110
FIGURE 27 SOLUTIONS SEGMENT TO LEAD IOT IN MANUFACTURING DURING THE FORECAST PERIOD 111
TABLE 15 IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 111
TABLE 16 IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT
2021–2026 (USD MILLION) 111
6.2 SOLUTIONS 112
6.2.1 SOLUTIONS: IOT IN MANUFACTURING MARKET DRIVERS 113
6.2.2 SOLUTIONS: COVID-19 IMPACT 113
TABLE 17 SOLUTIONS: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 114
TABLE 18 SOLUTIONS: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 114
6.3 SERVICES 114
6.3.1 SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 115
6.3.2 SERVICES: COVID-19 IMPACT 115
TABLE 19 SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 116
TABLE 20 SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 116
7 IOT IN MANUFACTURING MARKET, BY SOLUTION 117
7.1 INTRODUCTION 118
FIGURE 28 DATA MANAGEMENT SEGMENT TO LEAD IOT IN MANUFACTURING DURING THE FORECAST PERIOD 118
TABLE 21 IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2016–2020 (USD MILLION) 119
TABLE 22 IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2021–2026 (USD MILLION) 119
7.2 NETWORK MANAGEMENT 119
7.2.1 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 120
TABLE 23 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 120
TABLE 24 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 120
7.2.2 NETWORK BANDWIDTH MANAGEMENT 121
7.2.3 NETWORK SECURITY MANAGEMENT 121
7.2.4 NETWORK PERFORMANCE MONITORING AND MANAGEMENT 122
7.2.5 NETWORK CONFIGURATION MANAGEMENT 122
7.3 DATA MANAGEMENT 123
7.3.1 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 123
TABLE 25 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 123
TABLE 26 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 124
7.3.2 DATA INTEGRATION 124
7.3.3 DATA SECURITY 124
7.3.4 DATA MIGRATION 124
7.3.5 DATA ANALYTICS AND VISUALIZATION 124
7.3.6 METADATA MANAGEMENT 125
7.3.7 DATA GOVERNANCE 125
7.3.8 DATA ORCHESTRATION 125
7.4 DEVICE MANAGEMENT 125
7.4.1 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 126
TABLE 27 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 126
TABLE 28 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 127
7.4.2 DEVICE PROVISIONING AND AUTHENTICATION 127
7.4.3 DEVICE CONFIGURATION MANAGEMENT 127
7.4.4 MONITORING AND TROUBLESHOOTING 128
7.5 APPLICATION MANAGEMENT 128
7.5.1 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 129
TABLE 29 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 129
TABLE 30 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 129
7.6 SMART SURVEILLANCE 130
7.6.1 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET DRIVERS 130
TABLE 31 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 131
TABLE 32 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 131
7.6.2 CENTRAL MONITORING SYSTEM 131
7.6.3 VIDEO ANALYTICS AND EVENTS 131
8 IOT IN MANUFACTURING MARKET, BY SERVICE 132
8.1 INTRODUCTION 133
FIGURE 29 MANAGED SERVICES SEGMENT TO GROW AT A HIGHER RATE DURING FORECAST PERIOD 133
TABLE 33 IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 133
TABLE 34 IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 134
8.2 MANAGED SERVICES 134
8.2.1 MANAGED SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 135
TABLE 35 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 135
TABLE 36 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 136
FIGURE 30 SECURITY MANAGEMENT SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 136
TABLE 37 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 136
TABLE 38 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 137
8.2.2 INFRASTRUCTURE MANAGEMENT SERVICES 137
8.2.2.1 Infrastructure management services: IoT in manufacturing market drivers 137
TABLE 39 INFRASTRUCTURE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 138
TABLE 40 INFRASTRUCTURE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 138
8.2.3 SECURITY MANAGEMENT SERVICES 138
8.2.3.1 Security management services: IoT in manufacturing market drivers 139
TABLE 41 SECURITY MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 139
TABLE 42 SECURITY MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 139
8.2.4 NETWORK MANAGEMENT SERVICES 139
8.2.4.1 Network management services: IoT in manufacturing market drivers 140
TABLE 43 NETWORK MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 140
TABLE 44 NETWORK MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 140
8.2.5 DATA MANAGEMENT SERVICES 141
8.2.5.1 Data management services: IoT in manufacturing market drivers 141
TABLE 45 DATA MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 141
TABLE 46 DATA MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 142
8.2.6 DEVICE MANAGEMENT SERVICES 142
8.2.6.1 Device management services: IoT in manufacturing market drivers 142
TABLE 47 DEVICE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 142
TABLE 48 DEVICE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 143
8.3 PROFESSIONAL SERVICES 143
8.3.1 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 143
TABLE 49 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 144
TABLE 50 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 144
FIGURE 31 SYSTEM DESIGNING AND INTEGRATION SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 144
TABLE 51 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 145
TABLE 52 PR-OFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 145
8.3.2 IOT CONSULTING SERVICES 145
8.3.2.1 IoT consulting services: IoT in manufacturing market drivers 145
TABLE 53 IOT CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 146
TABLE 54 IOT CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 146
FIGURE 32 TECHNOLOGY CONSULTING SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 146
TABLE 55 IOT CONSULTING SERVICES MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 147
TABLE 56 IOT CONSULTING SERVICES MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 147
8.3.2.2 Technology consulting services 147
TABLE 57 TECHNOLOGY CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 147
TABLE 58 TECHNOLOGY CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 148
8.3.2.3 Business consulting services 148
TABLE 59 BUSINESS CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 148
TABLE 60 BUSINESS CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 149
8.3.2.4 Operational consulting services 149
TABLE 61 OPERATIONAL CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 149
TABLE 62 OPERATIONAL CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 149
8.3.3 IOT INFRASTRUCTURE SERVICES 150
8.3.3.1 IoT infrastructure services: IoT in manufacturing market drivers 150
TABLE 63 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 150
TABLE 64 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 150
FIGURE 33 CLOUD SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 151
TABLE 65 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 151
TABLE 66 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 151
8.3.3.2 Network services 151
TABLE 67 NETWORK SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 152
TABLE 68 NETWORK SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 152
8.3.3.3 Deployment services 152
TABLE 69 DEPLOYMENT SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 152
TABLE 70 DEPLOYMENT SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 153
8.3.3.4 Cloud services 153
TABLE 71 CLOUD SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 153
TABLE 72 CLOUD SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 153
8.3.4 SYSTEM DESIGNING AND INTEGRATION SERVICES 154
8.3.4.1 System designing and integration services: IoT in manufacturing market drivers 154
TABLE 73 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 154
TABLE 74 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 154
FIGURE 34 PLATFORM DEVELOPMENT AND INTEGRATION SEGMENT TO GROW A HIGHER CAGR DURING THE FORECAST PERIOD 155
TABLE 75 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 155
TABLE 76 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 155
8.3.4.2 Platform development and integration services 155
TABLE 77 PLATFORM DEPLOYMENT AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 156
TABLE 78 PLATFORM DEPLOYMENT AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 156
8.3.4.3 Mobile and web application development services 156
TABLE 79 MOBILE AND WEB APPLICATION DEVELOPMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 157
TABLE 80 MOBILE AND WEB APPLICATION DEVELOPMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 157
8.3.5 SUPPORT AND MAINTENANCE SERVICES 157
8.3.5.1 Support and maintenance services: IoT in manufacturing market drivers 158
TABLE 81 SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 158
TABLE 82 SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 158
8.3.6 EDUCATION AND TRAINING SERVICES 158
8.3.6.1 Education and training services: IoT in manufacturing market drivers 159
TABLE 83 EDUCATION AND TRAINING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 159
TABLE 84 EDUCATION AND TRAINING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 159
9 IOT IN MANUFACTURING MARKET, BY DEPLOYMENT MODE 160
9.1 INTRODUCTION 161
FIGURE 35 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 161
TABLE 85 IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE,
2016–2020 (USD MILLION) 161
TABLE 86 IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE,
2021–2026 (USD MILLION) 162
9.2 ON-PREMISES 162
9.2.1 ON-PREMISES: IOT IN MANUFACTURING MARKET DRIVERS 162
9.2.2 ON-PREMISES: COVID-19 IMPACT 162
TABLE 87 ON-PREMISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 163
TABLE 88 ON-PREMISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 163
9.3 CLOUD 163
9.3.1 CLOUD: IOT IN MANUFACTURING MARKET DRIVERS 164
9.3.2 CLOUD: COVID-19 IMPACT 164
TABLE 89 CLOUD: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 164
TABLE 90 CLOUD: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 164
10 IOT IN MANUFACTURING MARKET, BY ORGANIZATION SIZE 165
10.1 INTRODUCTION 166
FIGURE 36 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 166
TABLE 91 IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE,
2016–2020 (USD MILLION) 166
TABLE 92 IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE,
2021–2026 (USD MILLION) 167
10.2 LARGE ENTERPRISES 167
10.2.1 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET DRIVERS 167
10.2.2 LARGE ENTERPRISES: COVID-19 IMPACT 168
TABLE 93 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 168
TABLE 94 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 168
10.3 SMALL AND MEDIUM-SIZED ENTERPRISES 169
10.3.1 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET DRIVERS 169
10.3.2 SMALL AND MEDIUM-SIZED ENTERPRISES: COVID-19 IMPACT 169
TABLE 95 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 169
TABLE 96 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 170
11 IOT IN MANUFACTURING MARKET, BY APPLICATION 171
11.1 INTRODUCTION 172
FIGURE 37 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 172
TABLE 97 IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 172
TABLE 98 IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 173
11.1.1 APPLICATIONS: COVID-19 IMPACT 173
11.2 PREDICTIVE MAINTENANCE 174
11.2.1 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET DRIVERS 174
TABLE 99 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 174
TABLE 100 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 175
11.3 BUSINESS PROCESS OPTIMIZATION 175
11.3.1 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET DRIVERS 175
TABLE 101 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 176
TABLE 102 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 176
11.4 ASSET TRACKING AND MANAGEMENT 176
11.4.1 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 177
TABLE 103 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 177
TABLE 104 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 177
11.5 LOGISTICS AND SUPPLY CHAIN MANAGEMENT 178
11.5.1 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 178
TABLE 105 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 178
TABLE 106 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 179
11.6 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT 179
11.6.1 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 179
TABLE 107 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 180
TABLE 108 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 180
11.7 AUTOMATION CONTROL AND MANAGEMENT 180
11.7.1 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 181
TABLE 109 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 181
TABLE 110 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 181
11.8 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION 182
11.8.1 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET DRIVERS 182
TABLE 111 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 182
TABLE 112 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 183
12 IOT IN MANUFACTURING MARKET, BY VERTICAL 184
12.1 INTRODUCTION 185
FIGURE 38 DISCRETE MANUFACTURING SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 185
TABLE 113 IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 185
TABLE 114 IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 185
12.1.1 VERTICALS: COVID-19 IMPACT 186
12.2 PROCESS MANUFACTURING 186
12.2.1 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET DRIVERS 186
12.2.2 PROCESS MANUFACTURING: COVID-19 IMPACT 187
TABLE 115 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 187
TABLE 116 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 188
12.2.3 ENERGY AND UTILITIES 188
12.2.4 CHEMICALS AND MATERIALS 188
12.2.5 FOOD AND BEVERAGE 189
12.2.6 WATER AND WASTE MANAGEMENT 189
12.2.7 OTHER VERTICALS 189
12.3 DISCRETE MANUFACTURING 190
12.3.1 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET DRIVERS 190
12.3.2 DISCRETE MANUFACTURING: COVID-19 IMPACT 190
TABLE 117 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 190
TABLE 118 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 191
12.3.3 AUTOMOTIVE 191
12.3.4 MACHINE MANUFACTURING 191
12.3.5 SEMICONDUCTOR AND ELECTRONICS 191
12.3.6 MEDICAL DEVICES 192
12.3.7 LOGISTICS AND TRANSPORTATION 192
13 IOT IN MANUFACTURING MARKET, BY REGION 193
13.1 INTRODUCTION 194
FIGURE 39 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 194
TABLE 119 IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 194
TABLE 120 IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 195
13.2 NORTH AMERICA 195
13.2.1 NORTH AMERICA: IOT IN MANUFACTURING MARKET REGULATORY IMPLICATIONS 195
13.2.2 NORTH AMERICA: COVID-19 IMPACT 196
FIGURE 40 NORTH AMERICA: MARKET SNAPSHOT 196
TABLE 121 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 197
TABLE 122 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 197
TABLE 123 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2016–2020 (USD MILLION) 197
TABLE 124 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION) 197
TABLE 125 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE, 2016–2020 (USD MILLION) 198
TABLE 126 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 198
TABLE 127 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 198
TABLE 128 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 198
TABLE 129 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 199
TABLE 130 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 199
TABLE 131 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 199
TABLE 132 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 199
TABLE 133 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 200
TABLE 134 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 200
TABLE 135 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 200
TABLE 136 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 200
TABLE 137 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 201
TABLE 138 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 201
TABLE 139 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 201
TABLE 140 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 201
TABLE 141 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 202
TABLE 142 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 202
TABLE 143 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 202
TABLE 144 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 203
TABLE 145 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 203
TABLE 146 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 203
13.2.3 UNITED STATES 203
13.2.3.1 Presence of major IoT solutions providers and significant government support will drive the growth of IoT in manufacturing solutions 203
13.2.3.2 United States: IoT in manufacturing market drivers 204
TABLE 147 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 204
TABLE 148 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 204
TABLE 149 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2016–2020 (USD MILLION) 204
TABLE 150 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION) 205
TABLE 151 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 205
TABLE 152 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 205
TABLE 153 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 205
TABLE 154 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 206
TABLE 155 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 206
TABLE 156 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 206
TABLE 157 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 206
TABLE 158 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 207
TABLE 159 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 207
TABLE 160 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 207
TABLE 161 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 207
TABLE 162 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 208
TABLE 163 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 208
TABLE 164 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 208
TABLE 165 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 208
TABLE 166 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 209
TABLE 167 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 209
TABLE 168 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 209
TABLE 169 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 210
TABLE 170 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 210
13.2.4 CANADA 210
13.2.4.1 Increasing investments for development and exponential rise in adoption of IoT in critical applications 210
13.2.4.2 Canada: IoT in manufacturing market drivers 210
TABLE 171 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 211
TABLE 172 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 211
TABLE 173 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2016–2020 (USD MILLION) 211
TABLE 174 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2021–2026 (USD MILLION) 211
TABLE 175 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 212
TABLE 176 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 212
TABLE 177 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 212
TABLE 178 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 212
TABLE 179 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 213
TABLE 180 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 213
TABLE 181 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 213
TABLE 182 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 213
TABLE 183 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 214
TABLE 184 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 214
TABLE 185 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 214
TABLE 186 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 214
TABLE 187 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 215
TABLE 188 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 215
TABLE 189 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 215
TABLE 190 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 215
TABLE 191 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 216
TABLE 192 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 216
TABLE 193 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 216
TABLE 194 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 217