The Industry 4.0 Market report shows the competitive situation among the top manufacturers, with sales, revenue and market share and the market by type and application. The report deeply described by experts team and made full report on Industry 4.0 Market with Forecasts 2024.
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The Industry 4.0 Market is estimated to be valued USD 71.7 Billion in 2019 and is expected to reach USD 156.6 Billion by 2024, at a CAGR of 16.9% from 2019 to 2024.This report spread across 193 pages, profiling 15 companies and supported with 115 tables and 54 figures are now available in this research.
Top Companies Profiled in the Industry 4.0 Market:
- ABB (Switzerland)
- Mitsubishi (Japan)
- Yaskawa (Japan)
- KUKA (Germany)
- FANUC (Japan)
- General Electric (US)
- IBM (US)
- Cisco (US)
- Microsoft (US)
- Stratasys (US)
- Google (US)
- Intel (US)
- HP (US)
- iemens (Germany)
- Ansys (US)
- AIBrain (US)
- AP (US)
- Amazon Web Services (US)
- General Vision (US)
IoT is accelerating the speed of modernization in the manufacturing industry. IoT helps the industry to solve challenges such as safety, transportation efficiency, and infrastructure challenges. For instance, IoT is driving the automotive industry space through innovations such as autonomous cars, intelligent transportation infrastructure, and smart fleet management.
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In industrial automation, IoT and M2M communication are the key technologies. Massive applications based on these technologies require high-speed networking, low-latency communication, ultra-fast response times, and a large number of simultaneously connected smart devices. The 5G network is a key enabler of IoT, providing a platform to connect all devices to the internet for using high-speed data transmission and processing.
Industries are opting for digitization and connecting functions and processes, such as supply chain, product development planning, and products across the value chain. The US is expected to be the major contributor to the Industry 4.0 market in North America as it offers a large industrial base and high production capacity of companies. In the technological sphere, the US has been a leader in adopting and applying technologies.
Competitive Landscape of Industry 4.0 Market:
2 Market Ranking Analysis 2019: Industry 4.0 Market
3 Recent Developments
3.1 Product Launches
2 Partnerships, Contracts, Agreements, and Collaborations
3.3 Mergers & Acquisitions
4 Competitive Leadership Mapping
4.1 Visionary Leaders
4.2 Dynamic Differentiators
4.4 Emerging Companies
5 Business Strategies Excellence (27 Companies)
6 Strength of Product Portfolio (27 Companies)
This research report categorizes the global Industry 4.0 market on the basis of technology (including offering, application, and end users) and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to Industry 4.0 market and forecasts the same till 2024.