PUNE, India, Oct. 17, 2023 /PRNewswire/ -- In a recent publication by Infinium Global Research, an exhaustive analysis of the Industry 4.0 Market is presented, encompassing both global and regional dimensions. This report scrutinizes various segments and sub-segments while elucidating the influence of drivers, constraints, and macroeconomic indicators on the global and regional industry 4.0 market in the short and long term. The report offers a comprehensive overview of trends, forecasts, and the monetary values associated with the global industry 4.0 market. Significantly, the global industry 4.0 market achieved a valuation of USD 155.80 billion in 2022 and is anticipated to soar to USD 632.78 billion by 2030, demonstrating a noteworthy Compound Annual Growth Rate (CAGR) of 16.64% throughout the forecast period from 2023 to 2030.
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Redefining Industries with Industry 4.0
Industry 4.0 represents the next frontier that is revolutionizing every sector of the economy. It encompasses a multitude of technologies, including the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), Machine Learning (ML), Big Data analytics, smart sensors, robotics, and much more. No industry is immune to its transformative impact, with even social networking giants like Facebook, which recently rebranded itself as Meta Platforms, Inc., shifting their focus to augmented and virtual reality within the realm of social networking.
The power of Big Data analytics has become instrumental in aiding businesses in making pivotal decisions and optimizing their operational processes. At its core, Industry 4.0 eliminates the need for human intervention, thereby expediting task completion. Its overarching objective is to enhance productivity, reduce costs, elevate quality, and foster greater flexibility in manufacturing and supply chain operations. It accomplishes this by creating a connected and data-driven ecosystem in which machines, devices, and systems can communicate and collaborate autonomously.
Key Drivers Fuelling the Industry 4.0 Phenomenon
The industry 4.0 market is propelled by a confluence of factors that contribute to its rapid growth. The widespread adoption of the Industrial Internet of Things (IIoT) has played a pivotal role in fueling this expansion. Industries such as automotive, aerospace, and energy power have emerged as early adopters of IIoT technologies. IIoT simplifies the management of complex production activities while ensuring the highest quality of the final product. Its ease of deployment, coupled with the ongoing plug-and-play trend, makes IIoT the preferred choice for industries.
The adoption of IIoT has resulted in substantial cost and time savings for businesses, further accelerating its adoption. Another pivotal factor driving market growth is the increasing utilization of robotics. Beyond manufacturing and production facilities, robotics are finding active applications in restaurants, transportation, research fields, space exploration, and a myriad of other domains. The demand for robotics and related technologies has surged, signifying their pivotal role. Robotics also find growing utility in defense and search and rescue operations, as well as commercial ocean exploration projects, significantly mitigating risks to human life while expanding operational capabilities.
Significant investments, both public and private, in digitalization have contributed to market growth. Digitalization has streamlined processes, making them swift, effortless, and paperless. Governments worldwide are prioritizing digital transformation, exemplified by the creation of the Unified Payments Interface in India. However, the Industry 4.0 landscape faces a significant challenge in the form of cybersecurity threats, which have witnessed a surge in recent times. Consequently, Industry 4.0 is susceptible to cyber threats. Nonetheless, new opportunities are set to emerge through technological advancements, including deep neural networks and the rollout of 5G.
Dominance of North America and Asia-Pacific's Rapid Rise
North America commands a substantial share of the industry 4.0 market, owing to several critical factors. The region boasts a thriving ecosystem of technology innovators, well-established industrial sectors, and a steadfast focus on digital transformation. North American companies have made substantial investments in automation, data analytics, IoT, and smart manufacturing, driving the adoption of Industry 4.0 solutions. A skilled workforce and supportive government initiatives further bolster this growth. North America's leadership in Industry 4.0 is characterized by its ability to harness cutting-edge technologies, enhance operational efficiency, and maintain a competitive edge in the global market, cementing its position as a dominant player in this transformative industrial revolution.
Additionally, Asia-Pacific is expected to emerge as the fastest-growing region in the market. Countries such as India and China have emerged as technology hubs, with Japan and South Korea also at the forefront of technological innovation. The region's economic prosperity has accelerated the widespread adoption of Industry 4.0 technologies, positioning it as the fastest-growing region in the market.
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A Comprehensive Market Segmentation
The Global Industry 4.0 Market is meticulously segmented across various key parameters:
- Technology:
- Industrial Robotics
- Industrial Internet of Things (IIoT)
- 3D Printing
- Artificial Intelligence
- Blockchain
- Augmented and Virtual Reality
- Others
- End User:
- Automotive
- Aerospace
- Energy & Power
- Industrial Equipment
- Electrical & Electronics Equipment
- Social Networking
- Others
Competitive Landscape
The report provides profiles of the companies in the market such as Cisco Systems, Inc., Microsoft, IBM Corporation, ABB Ltd., Intel Corporation, Siemens, SAP SE, General Electric, HMS Networks, and Festo Inc..
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Table of Contents
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Industry 4.0 Market Highlights
2.2. Industry 4.0 Market Projection
2.3. Industry 4.0 Market Regional Highlights
Chapter 3. Global Industry 4.0 Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Technology
3.4.2. IGR-Growth Matrix Analysis by End User
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Industry 4.0 Market
Chapter 4. Industry 4.0 Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Industry 4.0 Market
5.2. Companies Profiles
5.2.1. Cisco Systems, Inc.
5.2.2. Microsoft
5.2.3. IBM Corporation
5.2.4. ABB Ltd.
5.2.5. Intel Corporation
5.2.6. Siemens
5.2.7. SAP SE
5.2.8. General Electric
5.2.9. HMS Networks
5.2.10. Festo Inc.
Chapter 6. Global Industry 4.0 Market by Technology
6.1. Industrial Robotics
6.2. Industrial Internet of Things (IIoT)
6.3. 3D Printing
6.4. Artificial Intelligence
6.5. Blockchain
6.6. Augmented and Virtual Reality
6.7. Others
Chapter 7. Global Industry 4.0 Market by End User
7.1. Automotive
7.2. Aerospace
7.3. Energy & Power
7.4. Industrial Equipment
7.5. Electrical & Electronics Equipment
7.6. Social Networking
7.7. Others
Chapter 8. Global Industry 4.0 Market by Region 2023-2030
8.1. North America
8.1.1. North America Industry 4.0 Market by Technology
8.1.2. North America Industry 4.0 Market by End User
8.1.3. North America Industry 4.0 Market by Country
8.1.3.1. The U.S. Industry 4.0 Market
8.1.3.1.1. The U.S. Industry 4.0 Market by Technology
8.1.3.1.2. The U.S. Industry 4.0 Market by End User
8.1.3.2. Canada Industry 4.0 Market
8.1.3.2.1. Canada Industry 4.0 Market by Technology
8.1.3.2.2. Canada Industry 4.0 Market by End User
8.1.3.3. Mexico Industry 4.0 Market
8.1.3.3.1. Mexico Industry 4.0 Market by Technology
8.1.3.3.2. Mexico Industry 4.0 Market by End User
8.2. Europe
8.2.1. Europe Industry 4.0 Market by Technology
8.2.2. Europe Industry 4.0 Market by End User
8.2.3. Europe Industry 4.0 Market by Country
8.2.3.1. Germany Industry 4.0 Market
8.2.3.1.1. Germany Industry 4.0 Market by Technology
8.2.3.1.2. Germany Industry 4.0 Market by End User
8.2.3.2. United Kingdom Industry 4.0 Market
8.2.3.2.1. United Kingdom Industry 4.0 Market by Technology
8.2.3.2.2. United Kingdom Industry 4.0 Market by End User
8.2.3.3. France Industry 4.0 Market
8.2.3.3.1. France Industry 4.0 Market by Technology
8.2.3.3.2. France Industry 4.0 Market by End User
8.2.3.4. Italy Industry 4.0 Market
8.2.3.4.1. Italy Industry 4.0 Market by Technology
8.2.3.4.2. Italy Industry 4.0 Market by End User
8.2.3.5. Rest of Europe Industry 4.0 Market
8.2.3.5.1. Rest of Europe Industry 4.0 Market by Technology
8.2.3.5.2. Rest of Europe Industry 4.0 Market by End User
8.3. Asia Pacific
8.3.1. Asia Pacific Industry 4.0 Market by Technology
8.3.2. Asia Pacific Industry 4.0 Market by End User
8.3.3. Asia Pacific Industry 4.0 Market by Country
8.3.3.1. China Industry 4.0 Market
8.3.3.1.1. China Industry 4.0 Market by Technology
8.3.3.1.2. China Industry 4.0 Market by End User
8.3.3.2. Japan Industry 4.0 Market
8.3.3.2.1. Japan Industry 4.0 Market by Technology
8.3.3.2.2. Japan Industry 4.0 Market by End User
8.3.3.3. India Industry 4.0 Market
8.3.3.3.1. India Industry 4.0 Market by Technology
8.3.3.3.2. India Industry 4.0 Market by End User
8.3.3.4. South Korea Industry 4.0 Market
8.3.3.4.1. South Korea Industry 4.0 Market by Technology
8.3.3.4.2. South Korea Industry 4.0 Market by End User
8.3.3.5. Australia Industry 4.0 Market
8.3.3.5.1. Australia Industry 4.0 Market by Technology
8.3.3.5.2. Australia Industry 4.0 Market by End User
8.3.3.6. Rest of Asia-Pacific Industry 4.0 Market
8.3.3.6.1. Rest of Asia-Pacific Industry 4.0 Market by Technology
8.3.3.6.2. Rest of Asia-Pacific Industry 4.0 Market by End User
8.4. RoW
8.4.1. RoW Industry 4.0 Market by Technology
8.4.2. RoW Industry 4.0 Market by End User
8.4.3. RoW Industry 4.0 Market by Sub-region
8.4.3.1. Latin America Industry 4.0 Market
8.4.3.1.1. Latin America Industry 4.0 Market by Technology
8.4.3.1.2. Latin America Industry 4.0 Market by End User
8.4.3.2. Middle East Industry 4.0 Market
8.4.3.2.1. Middle East Industry 4.0 Market by Technology
8.4.3.2.2. Middle East Industry 4.0 Market by End User
8.4.3.3. Africa Industry 4.0 Market
8.4.3.3.1. Africa Industry 4.0 Market by Technology
8.4.3.3.2. Africa Industry 4.0 Market by End User
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of industry 4.0.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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