Market Research Reports Global Smart Manufacturing Industry 4.0 (2015-2023 | Page 2

Market growth by 50 - 60% can be expected in the manufacturing segment due to an
upsurge in consumption of goods in developing countries and regions. Increasing
usage of technology is expected to strengthen the market growth by offering several
advantages such as network flexibility, real-time self-monitoring machinery, and
robust maintenance capacity. Implementation of digital technologies such as
industrial robotics, IoT, and cybersecurity has augmented the use of automation in
this sector.
In addition to these, growth towards green manufacturing and increasing focus
towards economic innovation are high in the manufacturing industry. It can be
concluded from several surveys that demand for commercial products are at the top
and consumers prefer to buy durable, low-cost products than expensive, fragile ones.
Threats and key players
Although the industry 4.0 market is expected to have a positive growth globally, yet,
there is a deficiency of skilled workforce for smart factories. Moreover, the increase
in automation is gradually leading to downsizing and unemployment. The cost of re-
engineering the business process based on could computing network is also high.
Also, the manufacturing industry is prone to cyber-attacks and data breaches as the
entire value chain relies on complex interconnected digital assets for constant
exchange of data, information, and knowledge. Communication and system within
IIoT have to be highly secure because the assets involved are extremely costly and
are vulnerable to risk.
Some of the major players in the telematics market are IBM Security, Cisco, KUKA,
Raytheon Company, Emerson Electric Corporation, Stratasys Ltd, Alpine Data Labs,
and ABB Ltd.
To read the complete report, you can view the PPT on: https://bit.ly/2C364UP
What is covered in the report?
1.Overview of the global smart manufacturing industry 4.0 market.
2.Historical, current and forecasted market size data for industrial automation, smart
factory, infotainment, and industrial internet of things (IIoT)
3.Historical, current and forecasted regional (North America, Europe, Asia Pacific,
Latin America, Middle East and Africa) market size data for industrial automation,