Industry 4.0, the Digital Solution to Produce Better, Faster and more Accurately
Growing adoption of the industrial IoT, rising focus on enhanced efficiency of machinery and systems, and need to reduced production cost are the major factor driving the growth of the industry 4.0 solution market. However, high initial investment and a dearth of skilled workforce may restrain the growth of the industry 4.0 solution market. Further, upsurge in the use of robot technology, rising demand for industrial automation, and an increase in industry expenditure on digitalization are expected to propel the growth of the industry 4.0 solution market.
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Industry 4.0 solution is the transformation of traditional manufacturing and industrial practices combined with the latest smart technology. It consists of robotics control, automation tools, big data analytics, and artificial intelligence (AI) for effective operation and production in the manufacturing industries. Advancement in technology, rising digitalization across the globe, and increasing focus on automation is fueling the growth of the industry 4.0 solution market.
The Global Industry 4.0 Solution Market Analysis to 2027 is a specialized and in-depth study of the Industry 4.0 solution industry with a special focus on the global market trend analysis. The report aims to provide an overview Industry 4.0 solution market with detailed market segmentation as component, technology, end-user, and geography. The global Industry 4.0 solution market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Industry 4.0 solution market players and offers key trends and opportunities in the Industry 4.0 solution market.
Leading Companies of Industry 4.0 Solution :
1. ABB
2. Cisco Systems
3. FANUC
4. General Electric Company
5. HP Development Company
6. IBM
7. KUKA
8. Mitsubishi Group
9. Siemens AG
10. Stratasys
Source : The Insight Partners