Egypt IoT in manufacturing market to grow through 2026

Increasing demand for real-time asset monitoring and the digital transformation of industries is expected to drive the demand for Egypt IoT in Manufacturing market in the forecast period.
According to TechSci Research report, “Egypt IoT in Manufacturing Market By Component (Solutions, Services and Platforms) By Application (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 End-Use Industry (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, Consumer Electronics, Healthcare, Others), By Region, Company Forecast & Opportunities, 2026”, The Egypt IoT in Manufacturing market is expected to witness significant growth in the forecast period. The growing use of automation in the manufacturing units reduces the chances of human error, lowers the labor cost and other associated expenses which in turn is influencing the growth of the IoT in manufacturing market. The expected roll-out of 5G technology and the growing internet penetration is enabling the local manufacturers to adopt the IoT solutions. Market players are investing huge amounts for technological up-gradation to improve the speed, flexibility, capacity, and reliability of the manufacturing process. IoT solutions collect the critical metrics, visualize the data in real-time, and aids in optimizing the results in the manufacturing units.