Industry 4.0 Market Expected to Grow at 156.6 Billion In Revenue by 2024

According to Market Study Report, Industry 4.0 Market provides a comprehensive analysis of the Industry 4.0 Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Industry 4.0 Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Industry 4.0 Market is estimated to be valued US$ 71.7 Billion in 2019 and is expected to reach US$ 156.6 Billion by 2024, at a CAGR of 16.9% from 2019 to 2024. This report spread across 193 Pages, Profiling 15 Companies and Supported with 115 Tables and 54 figures is now available in this research.

Top Companies Profiled in the Industry 4.0 Market:
• ABB (Switzerland)
• Mitsubishi (Japan)
• Yaskawa (Japan)
• KUKA (Germany)
• FANUC (Japan)
• General Electric (US)
• IBM (US)
• Cisco (US)
• Microsoft (US)
• Stratasys (US)
• Google (US)
• Intel (US)
• HP (US)
• Siemens (Germany)
• Ansys (US)
• AIBrain (US)
• SAP (US)
• Amazon Web Services (US)
• General Vision (US)

“Internet of Things market is expected to hold largest market share during forecasted period”
IoT is accelerating the speed of modernization in the manufacturing industry. IoT helps the industry to solve challenges such as safety, transportation efficiency, and infrastructure challenges. For instance, IoT is driving the automotive industry space through innovations such as autonomous cars, intelligent transportation infrastructure, and smart fleet management. Moreover, increasing penetration of the internet in technologically advancing economies and growing adoption of wireless sensors and networks across major end-user applications such as healthcare, retail, consumer electronics, industrial, and automotive and transportation has resulted in the growth of the IoT market.

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“5G technology is expected to grow at highest CAGR during forecasted period”
In industrial automation, IoT and M2M communication are the key technologies. Massive applications based on these technologies require high-speed networking, low-latency communication, ultra-fast response times, and a large number of simultaneously connected smart devices. The 5G network is a key enabler of IoT, providing a platform to connect all devices to the internet for using high-speed data transmission and processing.

Competitive Landscape of Industry 4.0 Market:
1 Overview
2 Market Ranking Analysis 2019: Industry 4.0 Market
3 Recent Developments
3.1 Product Launches
3.2 Partnerships, Contracts, Agreements, and Collaborations
3.3 Mergers & Acquisitions
3.4 Expansions
4 Competitive Leadership Mapping
4.1 Visionary Leaders
4.2 Dynamic Differentiators
4.3 Innovators
4.4 Emerging Companies
5 Business Strategies Excellence (27 Companies)
6 Strength of Product Portfolio (27 Companies)

Reason to purchase this report:
• This report segments the Industry 4.0 market comprehensively and provides the closest market size projection for all sub segments across different regions.
• The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
• The report helps stakeholders to understand the value-chain of the Industry 4.0 market along with recent case studies.
• This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launch, acquisition, collaboration, expansion, and partnership.

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This release was published on openPR.