The global Industrial 4.0 market is anticipated to grow at a considerable CAGR of 7% during the forecast period (2023-2029). 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.
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.
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Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Technology Type
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including ABB Ltd., Siemens AG, Schneider Electric, Swisslog Holding AG, Rockwell Automation Inc., and others.
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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
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
Company Profiles
- Accenture Plc
- Atos SE
- ATS International B.V.
- Autodesk Inc.
- IO GmbH
- CENIT AG
- Cisco Systems, Inc.
- Dassault Systèmes
- Emerson Electric Co.
- FANUC Corp.
- Fraunhofer IAO
- General Electric Company
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Infosys Ltd.
- Intel Corp.
- Johnson Controls International Plc
- Keyence Corp.
- Microsoft Corp.
- Mitsubishi Electric Corp.
- OMRON Corp.
- Oracle Corp.
- PTC, Inc.
- SAP SE
- Telefonaktiebolaget L. M. Ericsson
- Wipro Limited
- WITTENSTEIN SE
- YASKAWA Electric Corp.
- Yaskawa Motoman
- Yokogawa Electric Corp.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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