Press release
Industry 4.0 Market 2028 Forecasts Research Report
Industry 4.0 is the fourth revolution of the manufacturing industry which is fuelled by data and machine learning. Industry 4.0 is the integrated system consisting of automation tools, robotics control, and big data analytics for effective production and operation in the manufacturing industries. It also provides the opportunity to enhance the operations efficiently and quickly for the manufacturers. Industry 4.0 has a wide range of applications such as sensors, robotics control, product design, and logistics.
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Based on the technology, the Internet of Things segment is going to have lucrative growth during the forecast period as the potential benefits of IoT encouraged several industrial equipment manufacturers to implement IoT. IoT in the industrial sector combines advancements of transformative revolutions. By connecting industrial equipment together using wireless connectivity and gathering sensor data from the equipment, manufacturers can accurately determine the current state of machines, optimize their performance, identify potential failures, and plan maintenance schedules. By geography, Asia Pacific is going to have high growth during the forecast period due to the continuous technological advancements, financial support from the governments, exhaustive measures to adopt industrial automation and implement disruptive technologies in their manufacturing system value chain.
Some of the key players profiled in the Industry 4.0 Market include Yaskawa, Stratasys, AIBrain, Google, Mitsubishi, Amazon Web Services, KUKA, Intel, General Vision, HP, General Electric, FANUC, Cisco, Ansys, IBM, Microsoft, ABB, Siemens and SAP.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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