The 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 $9.2 billion in 2021.
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One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Industrial 4.0 Market Report Segment
By Technology Type
- Industrial Robotics
- IIoT
- AI and ML
- Blockchain
By End-user Industry
- Manufacturing
- Automotive
- Oil and Gas
- Energy and Utilities
- Electronics and Foundry
- Food and Beverage
Industrial 4.0 Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the 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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