Industry 4.0 Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2028
The global Industry
4.0 market is extremely competitive and comprise various global and
regional players who accounted for robust market share in 2020. The global
Industry 4.0 market size is expected to reach USD 291.49 Billion in 2028 and
register a CAGR of 16.8% during the forecast period.The ICT sector is rapidly
expanding in terms of money over the recent past owing to factors such as
rising adoption of cloud based services, increasing concerns regarding data
security and management of large data.
Major players in the market include Mitsubishi Electric Corp., ABB
Ltd., Microsoft Corporation, Cisco Systems, Inc., General Electric Company,
KUKA, Yaskawa, FANUC, Google, and Intel Corporation.
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Rapidly growing commercial and industrial sectors, rising concerns
about data breaching in multinational companies, corporates, hospitals, rising
demand for ICT services in various sectors such as healthcare and
pharmaceuticals, IT, financial services and hospitals are some of the key
factors boosting growth of the global Industry 4.0 market revenue growth. In
addition, increasing R&D investments and rising focus on developing more
secure products are supporting market growth.
Geographically, North America is expected to account for robust
revenue share between 2021 and 2028 owing to factors such as rising concerns
about data leakage and security, presence of key players and increasing
adoption of advanced solutions.
Industry
4.0 Market segmentation
By Technology Outlook
·
Industrial
Internet of Things (IIoT)
·
Industrial
Robotics
·
Artificial
Intelligence (AI) and Machine Learning (ML)
·
Blockchain
·
Extended
Reality
·
Digital
Twin
·
3D
Printing
·
Other
Technology
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Application
Outlook:
- Automotive
- Manufacturing
- Energy
and Utilities
- Oil
and Gas
- Electronics
and Foundry
- Aerospace
and Defense
- Food
and Beverage
- Other
End-Use
Key
objectives of the report:
- Details about revenue growth,
market size, drivers, opportunities, constraints
- Historical and forecast revenue
of the key segments, products, applications and detailed analysis of the
regions in the market
- Production capacity, revenue,
pricing structure, market share, and CAGR.
- To offer insights about current
market position, forecast estimation, competitive landscape and research
and development activities
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