Latest Outlook On Smart Manufacturing Platform Market Trends 2019 | Market Segmentation, Business Outlook, Competitive Landscape, Industry Report to 2026 | Microsoft, IBM, PTC Inc.

Smart Manufacturing Platform Market Snapshot:

Connectivity within the manufacturing processes is not new; however, the introduction of disruptive technologies and trends such as the fourth industrial revolution (4.0) have leveraged the concept of smart manufacturing in several industrial verticals. Technologies such as big data analytics and autonomous robots are enabling companies to take the leap towards flexible and data-driven manufacturing processes. Moreover, the need to develop and implement an effective transformation strategy to adopt these technologies and sustain competition has encouraged the application of smart manufacturing platforms.  It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2026. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2026. Every organization partaking within the global production of the Smart Manufacturing Platform market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

The report focuses on regional development status, which includes the market size, share, and volume. Each section of the report reveals critical information about the global Smart Manufacturing Platform market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Smart Manufacturing Platform market, besides collecting significant insights of market participants and obtaining precise market data.

The company is using cost-effective and reliable connectivity provided by Mobile IoT networks to transform its factories in Estonia, Sweden, and China into smart factories with the desired efficiency and flexibility. Ericsson has found the potential of Mobile IoT and other cellular networks to support an array of different manufacturing use cases, enabling the optimization of manufacturing processes via a single communication system, thereby efficiently monitoring the location of critical assets, stock levels, output of workstations, and performance of text fixtures and production tools such as high-precision screwdrivers used in production lines.

The scope of the project is wider than that of industry 4.0 as it addresses not only manufacturing systems but also healthcare, energy, and infrastructure sectors. Such attention in IoT and associated technologies will build a strong infrastructure for the deployment of platforms such as smart manufacturing, paving way for the growth of the smart manufacturing platform market.

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The Major Prominent Players Covered in this Report:
Microsoft, IBM, PTC Inc., SAP SE, Hitachi, ABB, Amazon, Bosch, Emerson, Fujitsu Ltd. General Electronics, Rockwell Automation, Schneider Electric, Siemens Electric, Telit, and others. & More.

By Deployment
On-premise
Cloud

By Application
Document control
Inventory management
Production performance analysis
Asset & condition monitoring

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Smart Manufacturing Platform in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Smart Manufacturing Platform market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Smart Manufacturing Platform and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Smart Manufacturing Platform. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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New Terms in the Technological Landscape - 
Internet of Things (IoT): The deployment of IoT, including agile and large scale manufacturing and remote maintenance, has overseen several major companies harnessing IoT technologies in industrial and automation environments. For instance, the European Union (EU) has developed several projects to develop an IoT reference model and architecture. One such project, IoT@Work, is an EU project led by Siemens AG, which has a focus on harnessing IoT technologies in the industrial environment. Similarly, in the U.S., key players such as General Motors (GE), IBM Corporation, Intel, CISCO, and AT&T has initiated a project named ‘The Industrial Internet Consortium (IIC),’ which is focused on defining and developing reference architecture and frameworks interoperability that would be helpful in drafting standards in the future.

Big Data and Cloud Manufacturing: While most of the existing associations and professional societies globally are addressing SMS in some ways, several industrial verticals are formed to address the broader principal needs of SMS. For instance, in the U.S., the Smart Manufacturing Leadership Coalition (SMLC), a non-profit organization, is committed to the creation of a scaled, shared, infrastructure called the smart manufacturing platform. SMLC activities help set futuristic standards by integrating smart manufacturing applications. Additionally, the U.S. government initiated a series of institutes to support U.S. manufacturing, which is collectively termed as the National Network of Manufacturing Institutes (NNMI). They address different challenge areas for advanced manufacturing that help several manufacturers get fruitful insights in deploying smart manufacturing platforms.

Key Questions Answered in The Report:
What will the Smart Manufacturing Platform market growth rate?
What are the key factors driving the global Smart Manufacturing Platform market?
Who are the key manufacturers in the Smart Manufacturing Platform market space?
What are the market opportunities, market risk, and market overview of the Smart Manufacturing Platform market?
What are sales, revenue, and price analysis of top manufacturers of the Smart Manufacturing Platform market?
Who are the distributors, traders, and dealers of the Smart Manufacturing Platform market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Smart Manufacturing Platform Industry?
What are sales, revenue, and price analysis by regions of Smart Manufacturing Platform industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Smart Manufacturing Platform Market Trends:
- The report identifies, determines, and forecasts the Global Smart Manufacturing Platform Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Smart Manufacturing Platform Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Smart Manufacturing Platform Market.

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