The growing need to improve manufacturing productivity and performance is a key driver for the growth of the global smart manufacturing platform market
VANCOUVER, BC, CANADA, March 18, 2022 /EINPresswire.com/ — The Global Smart Manufacturing Platform market report is a detailed investigation of the various market segments, factors driving and restraining the market growth and the regional landscape based on the data collected from the primary and secondary data collection sources, as well as the research methodology employed for the analysis provided in the study. The market overview, SWOT analysis and an overview of the strategies adopted by the key players operating in the Smart Manufacturing Platform market help in understanding the market forces and how these can be exploited to benefit from the future opportunities .
The smart manufacturing platform market is expected to reach a market size of USD 29.64 billion in 2028 and register a robust double-digit CAGR during the forecast period, according to the latest analysis from Emergen Research. This steady growth can be attributed to the increasing need for real-time production monitoring and the growing need to increase resource efficiency in a manufacturing network through dynamic sharing of manufacturing services, which is driving the adoption of cloud manufacturing platforms. Industries are increasingly adopting smart manufacturing platforms to create smart manufacturing networks with higher productivity to improve resource efficiency and utilization rates.
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In addition, the study examines major factors such as import and export status, consumption volume, supply chain management, production capacity, and purchasing power to help owners stakeholders, as well as field marketing managers to focus on profitable business strategies and stay competitive. . An in-depth analysis of the intense competition among the top performers and the strategies that have helped them gain a strong foothold in the smart manufacturing platform market makes the report a valuable resource for product owners exploring new avenues. All vital information is presented in the form of charts, graphs and tables and can be viewed for an industry specific presentation.
Main information presented in the report:
Market revenue share by major business players, by type, by application, and market scope of global smart manufacturing platform market
Turnover of the main players and new entrants
Competitive analysis of key players including aspects such as business overview, product or service specifications, suppliers and buyers
Recent mergers, acquisitions, product launches, recent investments and joint ventures
Regional analysis to provide insight into recent trends and opportunities
Based on the competitive landscape, the market report analyzes the major companies operating in the sector:
Microsoft, IBM, PTC Inc., SAP SE, Hitachi, ABB, Amazon, Bosch, Emerson and Fujitsu Ltd.
The report segments the Smart Manufacturing Platform market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size. size to reveal where the industry will be in the years to come. Researchers assessing the industry have included details of recent decisions and events such as acquisitions and mergers, collaborations, product launches, and investments. Important decisions related to such events are helpful for business owners when positioning their brands in the global market and finalizing marketing strategies.
Main highlights of the report
In June 2020, Microsoft announced the acquisition of CyberX to accelerate and secure customer IoT deployments. With the help of CyberX, customers can manage and improve the security postures of existing IoT devices. CyberX should help customers see a digital map of thousands of devices in a factory, which would safely enable smart manufacturing in production facilities and the supply chain.
The performance optimization segment accounted for the largest market share of 49.8% in 2019. The adoption of performance optimization applications and smart manufacturing platforms has increased in industries such as energy and electricity, automotive, oil and gas, electronics and semiconductors, which generates revenue. significant growth in the performance optimization segment.
Revenue from process industries segment is expected to grow at a rapid CAGR of 21.9% during the forecast period. The growing need to reduce operational expenses and improve productivity is driving the adoption of Industry 4.0 in process industries. It is also driving the deployment of smart manufacturing platforms in process industries.
The global Smart Manufacturing Platform market report covers the analysis of drivers, trends, limitations, restraints, and challenges occurring in the Smart Manufacturing Platform market. The report also examines the impact of various other market factors affecting market growth across various segments and regions. The report segments the market on the basis of type, application and region to give a better understanding of the smart manufacturing platform market.
Emergen Research has segmented the global smart manufacturing platform market based on application, industries, type, and region:
Application Outlook (Revenue, USD Billion; 2021-2028)
Asset and Condition Monitoring
Industry Outlook (Revenue, USD Billion; 2021-2028)
Discrete (medical devices, electronics and semiconductor, automotive, industrial manufacturing, aerospace and defense)
Process (Chemicals, Food & Beverage, Oil & Gas, Metals & Mining, Power & Energy, Pharmaceuticals)
Type Outlook (Revenue, USD Billion; 2021-2028)
The detailed regional analysis covers:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Read more about the report here @ https://www.emergenresearch.com/industry-report/smart-manufacturing-platform-market
Key Benefits of Buying Global Smart Manufacturing Platform Report:
Complete analysis of the changing competitive landscape
Assistance with business decision-making processes as well as detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the global smart manufacturing platform market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends and opportunities
Comprehensive Regional Analysis of Global Smart Manufacturing Platform Market
In-depth profiling of key business stakeholders
Detailed analysis of factors influencing the growth of the global Smart Manufacturing Platform market
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