Global Industry 4.0 Market Size, Share, Industry Growth Analysi

  • Industry 4.0 market size is projected to reach a market size of USD 240.55 Billion by 2027 at a rapid and steady CAGR over the forecast period, according to most recent analysis by Emergen Research.

    Growing emphasis on production efficiency and reducing operation costs in industries is are significant factors influencing market growth.

    Industry 4.0 enables increased operational efficiency and self-managing production methods, thus enabling humans, equipment, machines, and logistics and supply chain management systems to be interconnected and collaborate.

    The Global Industry 4.0 Market report comprises of vital details of the Industry 4.0 business sphere that aims to offer the reader a comprehensive understanding of the Industry 4.0 market and identify optimum growth prospects to gain a competitive edge over other competitors.

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    Emergen Research has segmented the global industry 4.0 market in terms of technology, industry vertical, and region:

    • Technology Outlook (Revenue, USD Million; 2017–2027)
      • Artificial Intelligence
      • Internet of Things
      • 3D Printing
      • Augmented Reality
      • Virtual Reality
      • Blockchain
      • Industrial Robotics
      • Digital Twin
      • Industrial Metrology
      • Others
    • Industry Vertical Outlook (Revenue, USD Million; 2017–2027)
      • Manufacturing
      • Energy & Utilities
      • Chemical
      • Transportation
      • Pharmaceutical
      • Metals
      • Consumer Electronics
      • Others

    To know more about the report, visit @ https://www.emergenresearch.com/industry-report/industry-4-market

    Elements analyzed in the report:

    The Global Industry 4.0 Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.

    Major companies operating in the global industry 4.0 market include General Electric Company, Mitsubishi Electric Corporation, Cisco Systems Inc., ABB, KUKA, Stratasys Ltd., IBM Corporation, FANUC, Yaskawa Electric Corporation, and Siemens AG.

    Regional Analysis of the Industry 4.0 Market includes:

    • North America (U.S., Canada)
    • Europe (U.K., Italy, Germany, France, Rest of EU)
    • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
    • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
    • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

    The industry 4.0 market in the Asia Pacific dominated other regional markets in terms of revenue share contribution to the global market in 2019. This high revenue growth can be attributed to robust presence of leading manufacturing companies in countries such as Japan, China, and South Korea. Also, increasing use of IoT, robotics, AI, and additive manufacturing in industries in the region are among other factors driving market growth.

    Some Key Highlights From the Report

    • In September 2019, the Factory Automation EMEA division of Mitsubishi Electric entered into a partnership with software developer ‘CONTACT’, to provide customized smart manufacturing solutions using digital twin technology.
    • The Industrial Internet of Things (IIoT) uses smart sensors and actuators for improvement of industrial and manufacturing processes. The key advantage of IIoT is that it enables automation of production processes and thus optimizes operating efficiency. According to a study, automation results using IIoT indicate around 30.0% increase in productivity.
    • Industry 4.0 in the pharmaceutical sector helps in the improvement of product quality and productivity, thereby resulting in increased profitability. Also, industry 4.0 makes pharmaceutical production more well-organized and safer. Pharma 4.0, based on industry 4.0, enables systematic automated processes to run by a unified manufacturing control strategy.

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    About Emergen Research

    Emergen Research 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 clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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