Global Industry 4.0 Market Analysis Report 2023-2030: AI, IoT, and Strategic Partnerships to Fuel Next-Gen Manufacturing
DUBLIN, Sept. 27, 2023 /PRNewswire/ -- The "Industry 4.0 Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
The global Industry 4.0 market is experiencing a significant surge, propelled by the increasing adoption of industrial robots and the robust growth of additive manufacturing and 3D printing industries. Industry 4.0, characterized by the integration of advanced technologies like artificial intelligence (AI), Internet of Things (IoT), and industrial automation, is reshaping the manufacturing landscape worldwide.
North America is anticipated to be a frontrunner in the Industry 4.0 market, owing to the significant presence of industry players, government initiatives, and investments in smart manufacturing solutions. Europe follows closely behind, while the Asia Pacific region, led by manufacturing powerhouses like India, Japan, South Korea, and China, is expected to register notable growth.
The COVID-19 pandemic initially led to a decline in the Industry 4.0 market. However, the crisis accelerated the adoption of Industry 4.0 solutions in manufacturing workflows, resulting in increased efficiency and output. This positive impact is expected to drive further growth in the market.
Leading players are actively involved in new product launches, partnerships, collaborations, acquisitions, and alliances to maintain a competitive edge.
Additionally, Nokia Corporation collaborated with WEG Industries to advance the Nokia Digital Automation Cloud (DAC) and unveil an Industry 4.0 solution. Furthermore, IBM's acquisition of Sentaca is expected to accelerate its hybrid cloud consulting business.
Key Topics Covered:
Global Industry 4.0 Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
Global Industry 4.0 Market Outlook, by Enterprise, Value (US$ Mn), 2018 - 2030
Global Industry 4.0 Market Outlook, by Industry, Value (US$ Mn), 2018 - 2030
Global Industry 4.0 Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
For more information about this report visit https://www.researchandmarkets.com/r/q9n8jb
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