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The smart manufacturing platform market is projected to grow from USD 4.4 billion in 2019 to USD 10.8 billion by 2024; it is expected to grow at a compound annual growth rate (CAGR) of 19.7%
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MarketsandMarkets Presents Smart Manufacturing Platform Market by type (Device & Connectivity Management, Application Enablement), Application (Performance, Optimization, Asset & Condition Monitoring), Industry (Process, Discrete), Deployment Type, Region - Global Forecast to 2024 smart manufacturing platform market is projected to grow from USD 4.4 billion in 2019 to USD 10.8 billion by 2024
MarketsandMarkets Presents Microsoft Corporation (Microsoft, US), IBM Corporation (IBM, US), PTC Inc. (PTC, US), SAP SE (SAP, Germany), Hitachi, Ltd. ( Hitachi, Japan), Amazon.com, Inc. (Amazon, US), General Electric (GE, US) Siemens AG (Siemens, Germany); Schneider Electric SE (Schneider Electric, France), ABB Group (ABB, Switzerland), Emerson Electric Co. (Emerson, US), Fujitsu Ltd. (Fujitsu, Japan), Accenture plc (Accenture, Ireland), Robert Bosch GmbH (Bosch, Germany), Oracle Corporation (Oracle, US), Cisco Systems, Inc. (Cisco), Rockwell Automation, Inc. (Rockwell, US), Atos SE (Atos, France), C3 IoT (US), Telit Communications PLC (Telit, UK), Software AG (Germany), Seebo Interactive Ltd. (Seebo, US), QiO Technologies (QiO, UK), Altizon Systems (Altizon, US), Losant (US), Litmus Automation (US), and Flutura Decision Sciences and Analytics (Flutura, US) are among a few leading players in the smart manufacturing platform market.
MarketsandMarkets Presents Performance optimization segment to hold a major share of smart manufacturing platform market during the forecast period Different smart manufacturing platforms are flexible systems that are used to optimize performance across a broader network in real time and autonomously run the entire production process. Performance optimization mainly focuses on digitizing, securing, and optimizing assets, operations, and employee workflow. The smart manufacturing platform’s application of performance optimization is significant in industries such as automotive, electronics & semiconductor, energy & power, and oil & gas Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=66129711 Process industry to dominate smart manufacturing platform market during the forecast period Oil & gas, pharmaceuticals, energy & power, chemicals, food & beverages, and metals & mining are among a few major process industries. Industrial field devices and assets can be connected to smart manufacturing platform that collects and transfer relevant machine and plant data.
MarketsandMarkets Presents APAC to grow at a high rate for smart manufacturing platform market during the forecast period Major factors driving the smart manufacturing market growth in APAC include the rising demand for smart tools due to the increasing adoption of automation in the industry; increasing penetration of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and rising needs to optimize productivity and improve maintenance efficiency. Government support in various APAC countries to drive industrialization is one of the essential factors that will boost demand for platform in the coming years. Read More @ https://www.marketsandmarkets.com/PressReleases/smart-manufacturing-platform.asp Initiatives like China’s Made in China 2025, Japan’s Industrial Value Chain Initiative (IVI), South Korea’s The Manufacturing Innovation Strategy 3.0 (Strategy 3.0), and India’s Samarth Udyog Bharat 4.0 would play a significant role in industrial advancement. Major industries that drive the growth of the market include power & energy, oil & gas, automotive, chemical, electronics, and pharmaceutical.
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