Industry 4.0 Market- What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
The Industry 4.0 competition is not only about technology or offering the best products, but also, about the companies that gather the best data and combine them to offer the best digital services. Those who know what the customer wants and can forecast consumer demand, will provide the information to develop an unfair competitive advantage.
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In the next decades, businesses will establish global networks that incorporate their machinery, warehousing systems and production facilities in the shape of Cyber-Physical Systems (CPS). In the manufacturing environment, these cyber-physical systems comprise smart machines, storage systems and production facilities capable of autonomously exchanging information, triggering actions and controlling each other independently. These changes add to the traditional business pressure on manufacturers, but also offer unprecedented opportunities to optimize production processes.
This Industry 4.0 market research report provides the existing competitive analysis of some of the major players profiled in the market, which includes: 3D Systems, ABB Ltd., Advantech, Aibrain, Alphabet, Arcadia Data, Arm Ltd., Beijer Electronics, Bosch, Cisco, CyberX, Dassault Syst?mes, DENSO, EOS, ExOne, General Electric, Honeywell Hewlett Packard.
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
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This facilitates fundamental improvements to the industrial processes involved in manufacturing, engineering, material purchasing & usage, supply chain and life cycle management, predictive maintenance and real-time management overview. The smart factories that have already appeared across most industries employ a completely novel approach to production. Smart products are uniquely identifiable, they can be located at all times, know their own history, current status and alternative routes to achieving their target state.
The embedded manufacturing systems are vertically networked with business processes within factories and enterprises and horizontally connected to dispersed value networks that can be managed in real time from the moment an order is placed right through to outbound logistics. In addition, they both enable and require end-to-end engineering across the entire value chain.
Global competition in the manufacturing sector is becoming fiercer and fiercer
1.The Nokia syndrome challenge, (by 2007 Nokia smartphone market share was 52%. Nokia’s management didn’t react to the 2007 launch of the iPhone, leading Nokia to a catastrophic fall in their market share to 2% by 2012).
2.When Industry 4.0 knocks on your door, open it or perish
3.Unprecedented opportunities to optimize production processes
4.Governments and the private sector of high labor costs economies invest in Industry 4.0 to increase their industrial base taken by low labor cost countries
5.Governments of low labor costs economies invest in Industry 4.0 to maintain their industrial base taken by high labor cost countries Industry 4.0 investments
6.Government-funded Industry 4.0 projects, R&D, subsidies and tax incentives
7.Industry 4.0 offers start-ups and SMEs the opportunity to develop and provide downstream services
8.Industry 4.0 dynamic business and engineering processes enable last-minute changes to production and deliver the ability to respond flexibly to disruptions and failures on behalf of suppliers and customers
9.Industry 4.0 provides the link to the consumer, and can forecast consumer demand
Detailed market analysis framework is provided:
Market drivers & inhibitors
Barriers to new entry, supplier power, buyer power and competitive rivalry
The 2016-2023 market segmented by 212 submarkets
More than 1000 references and links to Industry 4.0 data sources & publications
Access full report Description, TOC and Table of Figure @ www.reportsmonitor.com/report/136807/Industry-4-0-Market
Questions answered in this 545-page market report include:
What was the 138 submarkets size and what were the trends during 2016 & 2017?
What is the 2018-2023 forecast for each of the 138 submarkets?
Which industries and technologies provide attractive business opportunities?
What drives the Industry 4.0 managers to purchase solutions and services?
What are the technology & services trends?
What are the market SWOT (Strengths, Weaknesses, Opportunities and Threats)?
With 545 pages, 98 tables and 115 figures, this 4-volume report covers 10 industries, 4 revenue sources, 5 regional and 22 national markets, offering for each of them 2016-2017 estimates and 2018-2023 forecasts and analyses.
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