The global industrial 4.0 market is anticipated to grow at a significant CAGR of 19.6% during the forecast period. Adoption of Artificial Intelligence (AI) and Internet of Things (IoT) in manufacturing sector, rising internet penetration, advancements in digital technologies are the prominent factors extended the market growth and new growth opportunities for Industrial 4.0. In addition, new product developments by prominent players is developing new revenue and business models to sustain in the industry and to fulfil growing market demands. For instance, Henkel’s Laundry & Home Care business unit successfully developed a unique cloud-based data platform, called Digital Backbone, that connects more than 30 production sites and ten distribution centers across the globe in real-time. The platform helps to enhance the growing customer and consumer expectations of service and sustainability while achieving double-digit cost and inventory reductions.
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The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted the uses of the vehicle and shut down most the transportation, and other services for a while. All this led to a increase in the demand, and production activities in the industrial 4.0 market. The adoption of Industrial 4.0 and improve resilience to future pandemics. This is because in a pandemic technologies, like automation and robotics, help decrease human dependence and allow the human workforce to safeguard against these threats. It also enhances productivity, hence, preventing the shutdown of plants in a crisis.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Industrial 4.0 Market Report Segment
By Technology Type
- Industrial Robotics
- IIoT
- AI and ML
- Blockchain
By End-user Industry
- Manufacturing
- Automotive
- Oil and Gas
- Energy and Utilities
- Electronics and Foundry
- Food and Beverage
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
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial 4.0 market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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