Press Release

Eastern Europe IoT in Manufacturing & Construction Market to Grow at a high CAGR until 2028

Rising demand for IoT services, along with continuous technological innovation, are likely to propel the IoT in Manufacturing & Construction Market from 2024 to 2028.

According to TechSci Research report, “Eastern Europe IoT in Manufacturing & Construction Market- By Country, Competition, Forecast and Opportunities, 2028”, the Eastern Europe IoT in Manufacturing & Construction Market is anticipated to register a robust growth during the forecast period”. As sales of Internet of Things (IoT) devices rise and government concern about IoT in Manufacturing & Construction rises, the IoT in Manufacturing & Construction market is anticipated to expand over the projected period. Big data, Machine Learning (ML), 5G (the next generation of mobile communications infrastructure), and artificial intelligence are all strongly related to IoT. (AI). Higher bandwidths connected with 5G will enable more devices in Eastern Europe to connect to the internet. As a result, there will be more data collection and processing capability, allowing businesses to reap even larger benefits from big data. As data becomes more widely available, the demand for ML and AI will rise even higher. In addition, The Internet of Things (IoT) has permeated practically all industries, households, and workplaces, simplifying human operations. The use of internet-connected devices in the construction industry, also known as IoT, has benefited the business by lowering operational costs, increasing productivity, and facilitating efficient project management, and therefore, the IoT in Manufacturing & Construction market is predicted to rise rapidly in the next years.

The Internet of Things (IoT) is transforming industrial manufacturing. Manufacturers increasingly focus on using industrial IoT to decrease costs and optimize production. However, IoT allows manufacturers to design new, linked goods and construct service-based business models around those items. IoT solutions are utilized in a company's smart manufacturing departments to automate job execution by enabling and monitoring assets, controlling production activities, and delivering insights into business processes. Therefore, with the expansion of IoT, the demand for Eastern Europe IoT in Manufacturing & Construction Market also increases.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Eastern Europe IoT in Manufacturing and Construction Market ".

Eastern Europe IoT in Manufacturing & Construction Market is segmented into by component, by application area, by vertical and by country. The growing usage of IoT managed services solutions in the automotive, electronic products, and information and telecommunications industries will drive the growth of the IoT managed services market. The industrial, housing, health, and finance sectors are the leaders in IoT adoption, but retail and agriculture are all seeing strong development. Outsourcing demand is being driven by a dearth of trained specialists mixed with an increase in receptivity to outsourcing. The current long-term evolution (LTE) deployment and technological breakthroughs in a variety of industries are the major reasons driving the IoT managed services market.


Eastern Europe IoT in Manufacturing & Construction Market is segmented into by Component, by Application Area, by Vertical and by Country. Based on component, the market is segmented into Solution, Service & Platform. Based on Application Area, the market is segmented into Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management and Business Communication. Based on Vertical, the market is segmented into Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, High-Tech Products, Healthcare, and Others.

Major market players operating in the global quantum computing market are:

  • Cisco Systems International BV
  • HITACHI EUROPE LIMITED 
  • IBM Deutschland GmbH
  • Microsoft Deutschland GmbH
  • PTC Europe
  • Robert Bosch GmbH
  • SAP SE
  • Software AG
  • Texas Instruments Deutschland GmbH
  • Zebra Technologies Europe Limited

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“The Internet of Things (IoT) has penetrated into all significant sectors and human life. It has significantly transformed the construction sector by using new technology in construction tasks such as plastering, bricklaying, and surveying, as well as in construction site management, asset monitoring, labor tracking, and risk management. Moreover, the increasing demand for IoT service, rising population, and the growing need for effective and accurate monitoring of physical conditions are further anticipated to propel the growth of IoT in Manufacturing & Construction market, in the region, in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“IoT in Manufacturing & Construction Market – Eastern Europe Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028F. Segmented By Component (Solution, Service & Platform), By Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, Business Communication),By Vertical (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, High-Tech Products, Healthcare, Others) By Country, Competition, Forecast and Opportunities, 2028”, has evaluated the future growth potential of Eastern Europe IoT in Manufacturing & Construction Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global quantum computing market.


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