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The global industry 4.0 market size reached US$ 97.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 299.24 Billion by 2027, exhibiting a growth rate (CAGR) of 18.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Industry 4.0, also known as the fourth industrial revolution, promotes connected manufacturing and a digital convergence between businesses, industries, and other processes. It offers numerous advantages, including improved efficiency and productivity, better flexibility and agility, and increased profitability. It aids in enhancing automation, manufacturing oversite, machine-to-machine communication, and decision-making. It also assists in the creation of smart factories and enables digital manufacturing. Besides this, it helps automate compliance, including tracking and tracing, quality inspections, serialization, and data logging.
Rapid urbanization and the emerging trend of digitization due to the rising focus of various industries to improve operational efficiency and cost-efficiency represent one of the key factors positively influencing the market. With the launch of the fourth industrial revolution (i4.0), organizations are witnessing low-cost benefits, improved efficiencies, increased output, customized offerings, and the development of new revenue and business models. In addition, various digital technologies and industrial automation advancements are extending the opportunities for industrial value chain disruption. For instance, the rising integration of artificial intelligence (AI) and the internet of things (IoT) technologies is enabling users to optimize industrial processes, conduct quality checks, send early alarms, and predict machine failure. Apart from this, the increasing use of industrial robots in manufacturing hubs results in rapid advancements, development, and evolution, which is propelling the market growth. Furthermore, companies nowadays are incorporating digital twin technology that detects anomalies and irregularities in operations to get a holistic vision of the performance of the equipment. Moreover, increasing investments by leading industry players in extensive research and development (R&D) activities are anticipated to impel the market growth in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global industry 4.0 market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, technology type and end use industry.
Breakup by Component:
Breakup by Technology Type:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cisco Systems Inc., DENSO Corporation, Fanuc Corporation, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Nvidia Corporation, Robert Bosch GmbH, SAP SE, Schneider Electric SE, Stratasys Ltd., Swisslog Holding AG (Kuka AG) and Techman Robot Inc. (Quanta Storage Inc.).
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Technology Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Cisco Systems Inc., DENSO Corporation, Fanuc Corporation, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Nvidia Corporation, Robert Bosch GmbH, SAP SE, Schneider Electric SE, Stratasys Ltd., Swisslog Holding AG (Kuka AG) and Techman Robot Inc. (Quanta Storage Inc.).|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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