Pareteum for the Manufacturing Industry
Manufacturing is a cornerstone industry, with annual global output racing past $41.9 trillion for 2021 and beyond. In other words, manufacturing is competitive, and manufacturers are always on the lookout for ways to optimize efficiency, differentiate their products, and bolster customer and partner engagement.
The IoT market in manufacturing was valued at $175.3 billion in 2020 and is expected to hit $399.08 billion by 2026. *Mordor Intelligence
In 2020, the manufacturing industry contributed approximately $2269.2 to U.S. GDP, amounting to 10.8% of total GDP. *NIST
58% of manufacturers say that IoT is required to digitally transform industrial operations globally. *IDC
Manufacturing in the Age of Connectivity
Manufacturing is changing rapidly. As a result, entrepreneurs, original equipment manufacturers (OEM), and manufacturers operating across countless industries have begun looking for ways to differentiate their products, launch innovative solutions, optimize efficiencies, and bolster communications with customers and partners alike.
They’ve focused especially on:
- Creating products that integrate seamlessly into their customers’ lives.
- Differentiating their products from competitors.
- Developing smart, IoT-enabled products.
- Leveraging data to identify competitive threats and business opportunities.
- Improving outreach via digital channels for promotional and communication purposes.
Introducing Pareteum for Manufacturing
To help you harness the potential of connectivity, Pareteum offers a comprehensive IoT platform capable of keeping your products connected while simultaneously enabling streamlined IoT management.