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Industry 4.0 Market (Technology - Industrial Robotics, Industrial Internet of Things (IIoT), 3D Printing, Artificial Intelligence, Blockchain, Augmented and Virtual Reality, and Others ; End Users - automotive, Aerospace, Energy & Power, Industrial Equipment, Electrical & Electronics Equipment, Social Networking, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : November, 2021

  • Rep Id : ICT003017

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the industry 4.0 market provides an in-depth analysis of segments and sub-segments in the global as well as regional industry 4.0 market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industry 4.0 market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global industry 4.0 market. According to the report, the global industry 4.0 market is projected to grow with a robust CAGR over the forecast period of 2021-2027.

 

Market Insight

Industry 4.0 is the new dimension that is touching every industry. Industry 4.0 consists of multiple aspects such as the industrial internet of things, Artificial Intelligence, Machine Learning, Big Data analytics, smart sensors, robotics, and other things. Industry 4.0 is being adopted by every industry, even social networking sites are no different from this. Recently, Facebook change its name to Meta Platforms, Inc. in order to focus on augmented and virtual reality in social networking. Big Data analytics has actively helped businesses to make crucial business decisions and provided ways to optimize business processes. Industry 4.0 removes the requirement of human intervention, thereby, speeding up the completion of tasks. Industry 4.0 has also created employment opportunities around the world. Skilled technicians and engineers are the keys to the successful functioning of Industry 4.0.

 

Multiple factors are boosting the growth of the industry 4.0 market. The widespread adoption of the Industrial Internet of Things has aided the growth of the market greatly. Automotive, Aerospace, and Energy Power have been the front runners in the adoption of IIoT. IIoT has enabled the easy handling of complex production activities. Also, maintaining the highest quality of the finished product. Easy deployability and the ongoing trend of plug and play have made industries prefer IIoT. IIoT has led to saving up costs and times for businesses. Another factor driving the market is the increasing use of robotics. Apart from manufacturing and production facilities robotics are being actively used in restaurants, transportation, research fields, space exploration, and many other areas. Thus, there has been a huge demand for robotics and its assisting technology. The use of robotics is also growing in defense and search and rescue operations as well as commercial ocean exploration projects. Its use greatly reduces the danger to human life and provides unrestricted capabilities to conduct operations in these areas. Large investments both public and private in digitalization have been also assisting the market growth. Digitalization has made processes quick, effortless, and paperless. Thus, governments are focusing on digitalizing their processes. The major example of digitalization is the creation of the Uniformed Payment Interface in India. The only restraint market faces is the cyber security threats. There has been a surge in cyber security crimes around the world. Thus, Industry 4.0 is also vulnerable to cyber security threats. New opportunities are expected to arise technological advancements such as deep neural networks and roll-out of 5G are taking place in the market.

 

Geographically, Asia-Pacific is expected to be the largest region in the market. Countries such as India and China are hubs of Information Technology and technological innovations. Japan and South Korea are among the top countries in the use of technology. Economic prosperity has been also boosting the adoption of Industry 4.0 in the region. Also, the Industry 4.0 startups are numerous in the region. North America has always been the leader in the adoption of modern technologies. Most of the major technology companies offering IoT solutions are based in North America.

 

Segment Covered

The report on the global industry 4.0 market covers segments such as technology, and end users. On the basis of technology, the sub-markets include industrial robotics, industrial internet of things (IIoT), 3d printing, artificial intelligence, blockchain, augmented and virtual reality, and others. On the basis of end users, the sub-markets include automotive, aerospace, energy & power, industrial equipment, electrical & electronics equipment, social networking, and others.

 


Industry 4.0 Market


Companies Profiled:

The report provides profiles of the companies in the market such as Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, ABB Ltd, Intel Corporation, Siemens AG, SAP SE, General Electric Company, HMS Industrial Networks AB, and Festo GB.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the industry 4.0 market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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