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Global IoT in manufacturing market size is expected to grow from USD 33.2 billion in 2020 to USD 53.8 billion in 2025, at a CAGR of 10.1% in the given period. Smart manufacturing is an amalgamation of various technologies such as Big data, big data, artificial intelligence, and big data analytics. The challenges in the manufacturing industry include scarcity/diminishing skilled labor and their retention rate. Lack of skilled labor can result in 2.1 billion unfilled jobs by 2030.