Close this search box.

Smart manufacturing IoT to reach $140bn by 2025

smart manufacturing

Smart manufacturing IoT spending in the Asia-Pacific region is forecast to reach $140.6 billion by 2025 according to a recent study by IDC.

Smart manufacturing firms across the APEJ region are expected to invest $88.7 billion in IoT solutions for discrete manufacturing by 2025, up compared to $60.9 billion in 2022.

According to IDC, discrete manufacturers all over the world are actively investigating how to leverage the IoT to link their supply chains, equipment, and products in a better way. In a recent report, IDC revealed that manufacturing is currently the most common target of infrastructure cybercrime, accounting for one-third of all assaults. The level of competitiveness is also increasing and so does the expectations of the smart manufacturing client which demands improved personalization, rapid information, and better assistance.

“Most traditional manufacturing plants were not built with cybersecurity in mind. With the advancement of hacking technology, every point of connection increases the danger of cyberattacks and cybercrime, which can result in interference, remote access, intellectual property theft, and data loss or change,” said Piyush Singh, senior market analyst for IoT at IDC Asia-Pacific.

According to the consultancy firm, China is relying on the Industrial Internet of Things (IIoT) to boost production and efficiency by simplifying and automating smart manufacturing processes.

IDC also highlighted that industries have seen several benefits with the retrofitting of machines and equipment in manufacturing plants. Some of these benefits include the fact that retrofitting increases the value of immovable and moveable assets, while IoT enablement prevents capital equipment obsolescence. Additionally, ata analytics helps with quick decision-making in smart manufacturing.

“Retrofitting machinery with IoT capabilities is a cost-effective solution to update outdated pieces of equipment, especially when compared with totally replacing them,” Singh added.

The IDC report also forecasts that the total IoT spending in process manufacturing in the APEJ region will reach $51.9 billion in 2025, compared to $39.8 billion in 2022.

CTS The industrialisation of IT
CTS - Industrialisation of IT
Related Posts
CTS The industrialisation of IT
Others have also viewed

UK businesses see boosting connectivity as integral to growth

Study reveals a great opportunity for alternative network providers (AltNets) to meet growing demand for ...

Germany Energy Efficiency Act demonstrates importance of data centre supply chain collaboration

Following the signing into law of Germany’s Energy Efficiency Act (EnEfG), energy solutions specialist Aggreko ...

Systemair look to Infor’s cloud solution to deliver more sustainable products

Systemair is moving its core business system to Infor CloudSuite Manufacturing, aiming at smoother integration ...
Data Centre

Vertiv collaborates with Intel on liquid cooled solution

Vertiv is collaborating with Intel to provide a liquid cooling solution that will support the ...