Digital Transformation in Manufacturing Market 2022 Precise Outlook - Cisco Systems Inc., Microsoft Corporation, Intel Corporation, IBM Corporation, Siemens AG, SAP SE

The Digital Transformation in Manufacturing Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The digital transformation in manufacturing market was valued at USD 263.93 billion in 2020 and is expected to reach USD 767.82 billion by 2026 and work at a CAGR of 19.48% over the forecast period 2021-2026.

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Top Leading Companies of Digital Transformation in Manufacturing Market are Cisco Systems Inc., Microsoft Corporation, Intel Corporation, IBM Corporation, Siemens AG, SAP SE, Symantec Corporation, Oracle Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric Co., ABB Ltd and others.

Industry News and Updates

Sep 2019 - The company launched an extended version of Cisco Webex Control Hub, which enables the customers to protect data from accidental misuse and malicious attacks. Additionally, this solution protects against Trojans, ransomware, and other malicious attacks even when users are on personal or unmanaged devices or are collaborating with external users. This product can be deployed to various end-users, such as manufacturing, where data is very critical, to support the inorganic growth of the client.

- Apr 2019 - Siemens acquired Mendix Inc., a low-code software platform provider based in the United States, for EUR 628 million. With the acquisition, Siemens has significantly expanded its software business segment, which is operated by the company's Digital Factory Division.

Key Market Trends

North America is Expected to Hold a Major Share

- Modern manufacturing facilities in the United States rely on new technologies and innovations to produce higher quality products at a significant rate, with lower costs. In order to survive in the current competitive scenario, companies in the region are adopting sophisticated and intelligent solutions.

- Several government initiatives are aiding the transformation of the traditional manufacturing industry. For instance, the previous government proposed the National Network for Manufacturing Innovation (NNMI), which consists of regional hubs that are expected to accelerate the development and adoption of cutting-edge manufacturing technologies, for making new, globally competitive products.

- Furthermore, the IoT-enabled manufacturing plants in the United States allow manufacturing companies to optimize their business operations, product and service innovations, and supply chain and logistics management. Thus, manufacturers from different end-user sectors, such as industrial equipment, defense, healthcare, and electronics, are seeking these IoT solutions.

Regional Outlook of Digital Transformation in Manufacturing Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Digital Transformation in Manufacturing Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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