The global Industrial 4.0 market is anticipated to grow at a considerable CAGR of 7% during the forecast period (2022-2028). Manufacturing robots automate repetitive tasks, reduce margins of error to negligible rates, and enable human workers to focus on more productive areas of the operation. . According to IDC (International Data Corporation), 60% of end-users prefer cloud over on-premise, mes and logistics are starting to move toward the saas model. Manufacturers’ global spending on cloud computing platforms is reached to $9.2 billion in 2021.
Browse the full report description of “Global Industrial 4.0 Market Size, Share & Trends Analysis Report by Technology Type (Industrial Robotics, IIoT, AI and ML, Blockchain, Extended Reality, Digital Twin, and 3D Printing), by End User Industry (Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverage, Aerospace and Defence) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/industrial-4-0-market
One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
• According to Tesla, in 2021, the Berlin Gigafactory an advanced high-volume electric vehicle production plant. It will be used to manufacture batteries, powertrains, and automobiles, beginning with the Model Y and Model 3, on a 300-hectare site near Grünheide, with a goal of producing 500,000 units per year.
• In May 2022, Markforged, the creator of The Digital Forge, announced a partnership with 3YOURMIND, a developer of additive manufacturing workflow software solutions, to integrate Markforged’s Eiger software platform with 3YOURMIND’s manufacturing execution software (Agile MES) and other lifecycle management tools via API to facilitate Industrial 4.0 adoption.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including ABB Ltd., Siemens AG, Schneider Electric, Swisslog Holding AG, Rockwell Automation Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Industrial 4.0 Market Report Segment
By Technology Type
By End-user Industry
Global Industrial 4.0 Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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