Press release
The rising need for streamlined and automated data to strengthen productivity and the growth in adopting IIoT & cloud technologies
Smart Manufacturing Platform Market was calculated at USD 6.65 Billion in 2021, and it is estimated to reach USD 12.55 Billion by 2028, growing at a CAGR of 17.35% during the forecast period 2022 to 2028. Industrial automation is described as using control systems such as robots or computers for operating machinery and various processes in any industry. Specifically, intelligent machines are being utilized to carry out the manufacturing procedure without any human intervention in the manufacturing industry. In addition, companies concerned with industrial manufacturing are following high pressure to increase productivity and lower manufacturing costs. However, they implement industrial automation to reduce manufacturing costs, increase productivity, and optimize resources. The systems monitor and register valuable information to support the manufacturing process, recognize patterns, and execute changes to prevent forthcoming circumstances.Free Sample Request: https://www.shingetsuresearch.com/sample-request/global-smart-manufacturing-platforms-market/
Type Overview in the Global Smart Manufacturing Platform Market:
Based on type segmental analysis, the market is segmented into Device Management, Connectivity Management and Application Enablement Platform. Device management to maintain the largest share of the smart manufacturing platform market by 2026. The device management platform permits connecting and disconnecting new devices, controlling various devices, viewing devices' details, checking their status, and monitoring devices remotely. Asia-Pacific is predicted to maintain the largest growth rate of the global smart manufacturing platform market during the forecast period.
Organization Overview in the Global Smart Manufacturing Platform Market:
The market is segmented into Small & Medium Enterprises and Large Enterprise based on organization size. Small & Medium Enterprise is expected to maintain the highest share in the global smart manufacturing platform market due to the government's encouragement in the small & medium enterprises.
Application Overview in the Global Smart Manufacturing Platform Market
The market is segmented into Performance Optimization and Asset & Conditioning Monitoring based on segmental application analysis. By utilizing current process control and automation systems, manufacturing organizations can control systems at a much lower cost, optimizing process learning and improving energy productivity which is very helpful in the smart manufacturing platform market.
Industry Overview in the Global Smart Manufacturing Platform Market:
The market is segmented into the process and discrete industries based on industry segmental analysis. The process industry is further segmented into Oil & Gas, Power & Energy, Chemicals, Pharmaceuticals, Food & Beverages and Metals & Mining and Discrete industry are further segmented into Automotive, Electronics & Semiconductor, Industrial Manufacturing, Medical Devices, Aerospace & Defense and others. The process industry component shows the global Smart Manufacturing Platform Market, calculating the largest share. The segment is anticipated to down the market in the forecast duration.
Regional Overview in the Global Smart Manufacturing Platform Market:
Based on the regional segmental analysis, the market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Asia-Pacific is anticipated to have the largest growth rate of the global smart manufacturing platform market during the forecast period. With the growing demand for remote monitoring and improved productivity in different industries, the acceptance of automation technology has expanded, causing the growth of the Smart Manufacturing Platform Market. The increased investment and development of industrial IoT (IIoT), combined with other technologies, further grow the industry.
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Global Smart Manufacturing Platforms: Competitive Market:
Microsoft, IBM, Siemens AG, ABB, Hitachi, Ltd., Emerson Electric Co., PTC, SAP, Rockwell Automation, Inc., Schneider Electric SE, Oracle, and other prominent global smart manufacturing platforms market players.
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