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Cyber-Physical System Market worth $15.95 billion by 2030, growing at a CAGR of 16.86% - Exclusive Report by 360iResearch
The "Cyber-Physical System Market by Component (Hardware, Services, Software), Deployment (Cloud, On-Premises), Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Cyber-Physical System Market to grow from USD 5.35 billion in 2023 to USD 15.95 billion by 2030, at a CAGR of 16.86%.
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A cyber-physical system (CPS) is a technology that enables physical objects to interact with the digital world. They combine hardware, sensors, and software to allow for communication between machines and devices. The CPS can allow the end-use industries to access new data, monitor operations more closely, and gain insights into customer needs and preferences. Cyber-physical systems include a combination of sensor networks with amalgamated computing to monitor and control the physical environment, with feedback loops that allow this external stimulus to self-activate either communication, control, or computing. The surge in automation and widespread adoption of breakthrough technologies, including artificial intelligence (AI) and the Internet of Things (IoT), and the need for physical security capabilities across end-use sectors are expanding the deployment of CPS systems. The government initiatives to increase digitalization across the manufacturing industries are also accelerating the deployment of CPS systems. However, high costs and cyber security issue associated with CPS systems may impact their use by the end-use industries. Moreover, the ongoing advancements and inclination towards software-based solutions in cyber-physical systems are expected to encourage their adoption by the end-use sectors.
The cyber-physical system (CPS) market in the Americas is evolving due to established industries such as manufacturing, aerospace, and defense. The United States, in particular, strongly focuses on advanced technologies, research and development, and smart infrastructure, creating favorable conditions for CPS adoption. Growing emphasis on industrial automation, smart manufacturing, and the Industrial Internet of Things (IIoT) fuel the adoption of CPS solutions across various sectors in the EMEA region. APAC countries, including China, Japan, South Korea, India, and Singapore, are witnessing substantial investments in CPS across various sectors, such as manufacturing, transportation, healthcare, and smart cities. The region's favorable government policies, supportive regulatory frameworks, and robust infrastructure development contribute to the market's growth. Emerging startups that offer a wide range of CPS solutions, including hardware components, software platforms, connectivity solutions, and consulting services, and increasing adoption of cutting-edge technologies are expected to provide immense opportunities for the growth of the cyber-physical system market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Cyber-Physical System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Software. The Software is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.
Based on Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology & Telecommunication, Manufacturing, and Travel & Hospitality. The Energy & Utilities is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Cyber-Physical System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Cyber-Physical System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Cyber-Physical System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd, Amazon.com, Inc, Amphenol RF., Cognizant, Dell Inc., Ericsson, Fujitsu Component Limited, Galois, Inc., Hewlett Packard Enterprise Company, Hitachi Vantara LLC, Honeywell International Inc, Huawei Technologies Co., Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, KUKA AG, Microsoft Corporation, NEC Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, Siemens AG, Software AG, Tech Mahindra Limited, The MathWorks, Inc., Toshiba Corporation, and Yokogawa Electric Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cyber-Physical System Market, by Component
7. Cyber-Physical System Market, by Deployment
8. Cyber-Physical System Market, by Industry
9. Americas Cyber-Physical System Market
10. Asia-Pacific Cyber-Physical System Market
11. Europe, Middle East & Africa Cyber-Physical System Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Cyber-Physical System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cyber-Physical System Market?
3. What is the competitive strategic window for opportunities in the Cyber-Physical System Market?
4. What are the technology trends and regulatory frameworks in the Cyber-Physical System Market?
5. What is the market share of the leading vendors in the Cyber-Physical System Market?
6. What modes and strategic moves are considered suitable for entering the Cyber-Physical System Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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