The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.
Digital control systems to automate process controls, operator tools and service information systems to optimize plant safety and security are within the purview of the IoT. But it also extends itself to asset management via predictive maintenance, statistical evaluation, and measurements to maximize reliability. The IoT intelligent systems enable rapid manufacturing of new products, dynamic response to product demands, and real-time optimization of manufacturing production and supply chain networks, by networking machinery, sensors and control systems together.

In 2021, the global IoT in Product Lifecycle and Asset Management market size will be US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027.
This report focuses on the global IoT in Product Lifecycle and Asset Management status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the IoT in Product Lifecycle and Asset Management development in North America, Europe, Japan, China, Southeast Asia, India, etc.

Global IoT in Product Lifecycle and Asset Management Scope and Market Size
IoT in Product Lifecycle and Asset Management market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IoT in Product Lifecycle and Asset Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Hardware
Software
Service

Segment by Application
Aerospace and Defense
Pharmaceutical
Power
Automotive
Others

By Region
North America
Europe
Japan
China
Southeast Asia
India

By Company
IBM
PTC
RapidValue
SAP
Siemens
Accenture
Aberdeen
Alcatel-Lucent
AT&T
Cisco Systems
KloudData
Tego
Pega