The global Industry 4.0 market is extremely competitive and comprise various global and regional players who accounted for robust market share in 2020. The global Industry 4.0 market size is expected to reach USD 291.49 Billion in 2028 and register a CAGR of 16.8% during the forecast period.The ICT sector is rapidly expanding in terms of money over the recent past owing to factors such as rising adoption of cloud based services, increasing concerns regarding data security and management of large data.
Major players in the market include Mitsubishi Electric Corp., ABB Ltd., Microsoft Corporation, Cisco Systems, Inc., General Electric Company, KUKA, Yaskawa, FANUC, Google, and Intel Corporation.
Some key factors driving steady industry 4.0 market revenue growth are substantially robust shift towards industrial automation and deployment of robots in a variety of manufacturing processes and industries. Surge in usage of robot technology and rise in expenditure by governments on digitalization is also driving the move towards Industry 4.0.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4135
Rapidly growing commercial and industrial sectors, rising concerns about data breaching in multinational companies, corporates, hospitals, rising demand for ICT services in various sectors such as healthcare and pharmaceuticals, IT, financial services and hospitals are some of the key factors boosting growth of the global Industry 4.0 market revenue growth. In addition, increasing RD investments and rising focus on developing more secure products are supporting market growth.
Geographically, North America is expected to account for robust revenue share between 2021 and 2028 owing to factors such as rising concerns about data leakage and security, presence of key players and increasing adoption of advanced solutions.
Industry 4.0 Market segmentation
By Technology Outlook
- Industrial Internet of Things (IIoT)
- Industrial Robotics
- Artificial Intelligence (AI) and Machine Learning (ML)
- Blockchain
- Extended Reality
- Digital Twin
- 3D Printing
- Other Technology
To know more about the report @ https://www.reportsanddata.com/report-detail/industry-4.0-market
Application Outlook:
- Automotive
- Manufacturing
- Energy and Utilities
- Oil and Gas
- Electronics and Foundry
- Aerospace and Defense
- Food and Beverage
- Other End-Use
Key objectives of the report:
- Details about revenue growth, market size, drivers, opportunities, constraints
- Historical and forecast revenue of the key segments, products, applications and detailed analysis of the regions in the market
- Production capacity, revenue, pricing structure, market share, and CAGR.
- To offer insights about current market position, forecast estimation, competitive landscape and research and development activities
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/4135
Thank you for reading our research report. We also offer report customization as per client request. Kindly contact us to know more about the customization feature and out team will offer you the best-suited report as per your requirement.
Read for more Reports-
Voice Coil Motor Market- https://www.reportsanddata.com/report-detail/voice-coil-motor-market
Data Logger Market- https://www.reportsanddata.com/report-detail/data-logger-market
Thermal Printhead Market https://www.reportsanddata.com/report-detail/thermal-printhead-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
