Press release
Smart Manufacturing Platform Market Future Developments, Top Companies, Industry Size and Growth Analysis | ABB (Switzerland), Siemens (Germany), Schneider Electric (France), IBM (US), PTC Inc. (US), SAP SE (Germany), Emerson Electric Co. (US), GENERAL EL
Smart Manufacturing Platform Market with COVID-19 Impact, by type (Device Management, Connectivity Management, Application Enablement Platform), Application (Performance, Optimization, Asset & Condition Monitoring), Industry, Region - Global Forecast to 2026#Download Free PDF Sample Brochure of report Global Smart Manufacturing Platform Market 2021 across with 257 Pages and in-depth TOC Analysis @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4367255
Major players profiled in this report are as follows: ABB (Switzerland), Siemens (Germany), Schneider Electric (France), IBM (US), PTC Inc. (US), SAP SE (Germany), Emerson Electric Co. (US), GENERAL ELECTRIC (US), and others.
“Smart manufacturing platform market to grow at CAGR of 18.0% from 2021 to 2026”
The global smart manufacturing platform market size is expected to grow from USD 5.8 billion in 2021 to USD 13.2 billion by 2026, at a CAGR of 18.0%. The growth of this market is mainly driven by growth in industrial automation, growing adoption of smart manufacturing platforms in automotive industry, increasing support from governments for industrial automation, and growing need for streamlined and automated data to boost productivity. However, factors such as lacked of skilled IoT-related workforce and requirement of maintenance attributed to frequent software upgradation are restraining the market growth.
"Device management platform to grow at highest CAGR during the forecast period”
The increasing number of IoT devices in the manufacturing plants has surged the necessity of collecting, analyzing, monitoring, and managing data generated from the devices to improve the company’s operational efficiency. The device management platform helps to manage data generated from the IoT devices that are connected to the manufacturing equipment. The data managed includes data transmitted from the IoT devices, any processed data from the backend, data related to software updates, predictive maintenance data, or any analyzed data of utmost importance in system functioning.
Place a Direct Purchase Order and Get Instant 20% Discount @ https://www.reportsnreports.com/purchase.aspx?name=4367255
“Process industry dominated the smart manufacturing platform market in 2020.”
The process industry includes oil & gas, chemical, energy and power, food & beverage; pharmaceutical; mining & metals industries; and others. With the emergence of Industry 4.0 and the Big Data movement gaining momentum, industries are now presented with unique opportunities in terms of key enablers for boosting their performance to a new level. The power & energy dominates the smart manufacturing platform market and is estimated to continue its dominance over the forecast period. The power & gas industry faces various challenges such environmental impact and scarcity associated with conventional source might lead to a probable energy crisis in the coming years. Hence, optimization in the energy & power industry has become necessary to increase productivity, efficiency, and their utilization., which has increased the adoption of smart manufacturing platforms in the power &energy industry. Besides, the oil & gas industry faces various challenges such as unexpected downtime and an absence of synergy across different processes throughout the supply chain, which has increased the adoption of smart manufacturing platforms in the oil & gas industry, and thus the industry holds a significant share of the market.
“Market in APAC to grow at highest CAGR during the forecast period”
The growth of the region is attributed to the impressive development in industrialization for the last few years. Besides, increasing government support for the adoption of automation technologies and digitization is also responsible for the growth of the smart manufacturing platform market in the region. However, the rapid spread of the novel COVID-19 has resulted in disruptions in supply chain activities, revenue losses, and slowdown in production activities which have slightly impacted the growth of the market in the region in Q1 and Q2 of 2020, eventually impacting the economy. The manufacturers are focusing towards digitalization after the pandemic crisis, which has resulted into increased in the adoption of smart manufacturing platforms in various industry.
Research Coverage
In this report, the smart manufacturing platform market has been segmented based on type, organization size, application, industry, deployment type, and region. The smart manufacturing platform market based on type has been segmented into device management, connectivity management, application enablement platform. Based on the organization size, the market has been segmented into small & medium enterprises and large enterprises. Based on the application, the market has been segregated into performance optimization, asset and condition monitoring, and others. Based on industry the market is segmented into process industry and discrete industry, where the process industry is further segregated into oil & gas, power & energy, chemicals, pharmaceuticals, food & beverages, metals & mining, others; and discrete industry is further segmented into automotive, electronics & semiconductor, industrial manufacturing, medical devices, aerospace & defense, and others. Based on the deployment type, the market has been segment into cloud and on-premises. The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Click Here to DOWNLOAD : https://www.reportsnreports.com/contacts/requestsample.aspx?name=4367255
Connect Us for more information at sales@reportsandreports.com or Call Us + 1 888 391 5441.
About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Manufacturing Platform Market Future Developments, Top Companies, Industry Size and Growth Analysis | ABB (Switzerland), Siemens (Germany), Schneider Electric (France), IBM (US), PTC Inc. (US), SAP SE (Germany), Emerson Electric Co. (US), GENERAL EL here
News-ID: 2277431 • Views: …
More Releases from ReportsnReports
DeviceCon Series 2024 - UK Edition | MarketsandMarkets
Future Forward: Redefining Healthcare with Cutting-Edge Devices
Welcome to DeviceCon Series 2024 - Where Innovation Meets Impact!
Join us on March 21-22 at Millennium Gloucester Hotel, 4-18 Harrington Gardens, London SW7 4LH for a groundbreaking convergence of knowledge, ideas, and technology. MarketsandMarkets proudly presents the DeviceCon Series, an extraordinary blend of four conferences that promise to redefine the landscape of innovation in medical and diagnostic devices.
Register Now @ https://events.marketsandmarkets.com/devicecon-series-uk-edition-2024/register
MarketsandMarkets presents…
5th Annual MarketsandMarkets Infectious Disease and Molecular Diagnostics Confer …
London, March 7, 2024 - MarketsandMarkets is thrilled to announce the eagerly awaited 5th Annual Infectious Disease and Molecular Diagnostics Conference, scheduled to take place on March 21st - 22nd, 2024, at the prestigious Millennium Gloucester Hotel, located at 4-18 Harrington Gardens, London SW7 4LH.
This conference promises to be a groundbreaking event, showcasing the latest trends and insights in diagnosis, as well as unveiling cutting-edge technologies that are revolutionizing the…
Infection Control, Sterilization & Decontamination Conference |21st - 22nd March …
MarketsandMarkets is pleased to announce its 8th Annual Infection Control, Sterilisation, and Decontamination in Healthcare Conference, which will take place March 21-22, 2024, in London, UK. With the increased risk of infection due to improper sterilisation and decontamination practices, the safety of patients and healthcare workers is of paramount importance nowadays.
Enquire Now @ https://events.marketsandmarkets.com/infection-control-sterilization-and-decontamination-conference/
This conference aims to bring together all the stakeholders to discuss the obstacles in achieving…
Breast Augmentation Market Key Players, Demands, Cost, Size, Procedure, Shape, S …
The global Breast Augmentation Market in terms of revenue was estimated to be worth $900 million in 2020 and is poised to reach $1,692 million by 2025, growing at a CAGR of 13.4% from 2020 to 2025. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
