Industrial Automation in Business Intelligence Leverages Growth in Industry 4.0 Technology Market

Adoption of advanced information technology solutions such as robotics by enterprises across verticals to leverage transparent information exchange, automation of operations, and easy decision making have contributed substantially towards the growth of Industry 4.0 technologies market. To evaluate the impact of recent developments on the growth of industry 4.0 technology market, Market Research Hub (MRH) has added a new report to its database titled, Industry 4.0 Technologies: Global Market Through 2023. 

Adoption of Cyber-physical Systems, a Growing Trend in Industry 4.0 Technology Market 

Service providers in industry 4.0 technology market, to align with industry specific needs are keen on imbibing cognitive computing, IIoT, and cloud computing applications to integrate decentralized network and IT systems facilitated across cyber-physical systems. To reach out to larger end-user base, service providers are investing increasingly in capacity expansions, besides business mergers and strategic acquisitions.  According to a recent report, leading robotics and robotic software manufacturer, ABB Robotics has introduced a new digital solutions center in Singapore. With this development, the company envisages to expand its automation hub in Asia-Pacific region and extend improved prospects of its control technologies to growing industries in the region.

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In a recent development, Advantech, a global leader in intelligent systems solutions has inaugurated a new service center in Europe. The latest additions is a smart facility with doubled warehouse capabilities and multiplied production capacity. This development coincides with the company’s objective to address transforming needs in industry 4.0 market and establish its footprint in the competitive landscape of industry 4.0 market. Additionally, Banner Engineering Solution, as part of its recent developments in industry 4.0 technology has unveiled its condition monitoring solution with enhanced capabilities such as wireless technology and machine learning. Exhaustive research findings encapsulated in the report identifies technology, end-user, and application as key segments in industry 4.0 technology market. Based on technology, the industry 4.0 technology market is categorized as cyber-physical systems, industrial internet of things, cloud computing, and cognitive computing. Based on end-user, industry 4.0 technology market is segmented as large enterprise, mid-size firms, and small businesses. On the basis of application, discrete manufacturing and process manufacturing, are major segments in industry 4.0 technology market. Relevant information provided in the report helps readers to comprehend the maximum revenue generating segment in industry 4.0 technology market and the impact of these segments in driving growth in the market. Alongside, the report offers a detailed account of regional distribution of industry 4.0 technology market. Based on region, industry 4.0 technology market is segregated as Europe, North America, Asia-Pacific, and Rest of World. Based on research outcomes, readers can gauge the impact of core marketing plans implemented by leading companies across regions in industry 4.0 technology market. Readers, with the aid of research postulates can comprehend the impact of these marketing plans in driving growth in industry 4.0 technology market.

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 Competitive Matrix: Industry 4.0 Technology Market

Vital data incorporated in the report gives a detailed overview of end-user response and purchase decisions triggered by winning marketing strategies of leading players in industry 4.0 technology market. New and existing players in industry 4.0 technology market can augment deep analysis of these strategies to decipher core inferences that can shape their investment policies targeting maximum revenue generation and durability in industry 4.0 technology market. Key players in industry 4.0 technology market include, Alps Electric Co. Ltd., Banner Engineering Corp., Comus International Bvba, Electro-Sensors Inc., Honeywell Sensing & Controls and Measurement Specialties Inc.     

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This release was published on openPR.