Press release
Global Cyber-Physical Systems Market Poised for Rapid Growth with Increased Adoption of IoT Technology (2022 - 2030)
In terms of revenue, the global cyber-physical system (CPS) market was valued at US$ 85,979.6 Mn in 2021, growing at an estimated CAGR of 8.2% over the forecast period.
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Key Players Influencing the Cyber-Physical System Market:
Cisco Systems, Inc.
Darktrace
FireEye, Inc.
Galois, Inc.
Hewlett Packard Enterprise Development LP
IBM Corporation
Microsoft
Oracle
SAP SE
Siemens
Other Market Participants
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Market Dynamics:
1) The increasing demand for IoT-enabled devices and systems is driving the growth of the Cyber-Physical System market.
2) The growing trend of Industry 4.0 and the need for smart factories is also contributing to the growth of the market.
3) The increasing demand for advanced technologies such as autonomous vehicles and smart cities is also driving the growth of the market.
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Market Trends:
1) The integration of AI and machine learning technologies with Cyber-Physical Systems is a growing trend in the market.
2) The increasing demand for edge computing solutions is also a key trend in the market.
3) The increasing adoption of cloud-based solutions is also a major trend in the market.
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Global Cyber-Physical System Market:
By Offering
Hardware
Software
Services
By Organization Size
Small and Medium Enterprises
Large Enterprises
By End User
Healthcare
Energy and Utilities
Manufacturing
Automotive
Transportation and Logistics
Oil and Gas
Electrical and Electronics
Military and Defence
Others
By Region
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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