Brooklyn, New York, June 20, 2023 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the Global IoT Market in F&B Industry is projected to grow at a CAGR of 15.5% from 2023 to 2028.
A high focus on improved operational efficiency and cost reduction by the key manufacturers in the F&B sector is one of the major drivers in the market. In line with this, IoT devices and sensors are used throughout the supply chain to monitor and optimize various processes (such as inventory management, production, and distribution).
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on “Global IoT Market in F&B Industry - Forecast to 2028’’
Key Market Insights
- As per the component outlook, the software solutions segment is expected to be the largest segment in the global IoT market in F&B Industry from 2023 to 2028.
- As per the mode of organization size outlook, the large enterprises segment is expected to be the largest segment in the global IoT market in F&B Industry from 2023 to 2028.
- The Asia Pacific region is analyzed to be the fastest-growing segment in the market.
- North America region will have the largest share in the market during the forecast period of 2023-2028.
- Siemens, Microsoft, Oracle, Cisco, Qualcomm, SAP, IBM, Intel, Hitachi, and GE Digital, among others, are some of the key players in the global IoT market for F&B.
Request for a sample copy of the report @ https://www.globalmarketestimates.com/market-report/iot-market-in-food-beverage-industry-4025
Component Outlook (Revenue, USD Billion, 2023-2028)
- Hardware
- Software Solutions
- Services
Organization Size Outlook (Revenue, USD Billion, 2023-2028)
- Small and Medium-Sized Enterprises
- Large Enterprises
Application Outlook (Revenue, USD Billion, 2023-2028)
- Food Safety
- Manufacturing & Production
- Supply Chain
- Waste Management
- Others
By Regional Outlook (Revenue, USD Billion, 2023-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
Central & South America
- Brazil
- Argentina
- Chile
- Rest of CSA
Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
Contact: Yash Jain
Director - Global Accounts & Strategic Advisory
Email address: yash.jain@globalmarketestimates.com
Phone Number: +1 6026667238
Website: www.globalmarketestimates.com
