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(Wireless-NewsWire.Com, October 31, 2018 ) According to Verified Market Intelligence, The Global Industry 4.0 Market was valued at USD 66.72 billion in 2016 and is projected to reach USD 227.29 billion by 2025, growing at a CAGR of 1459% from 2017 to 2025.
Industry 4.0 represents the fourth industrial revolution that marks the rising of new digital industrial training. It is defined as an integrated system that comprises numerous technologies such as advanced robotics control, automation tools, sensors, artificial intelligence, cloud computing, digital fabrication and many more. This technology helps in developing machines that will be self-optimized and self-configured. It helps in enhancing asset performance, technology usage, material usage and other industrial processes that are involved in various industries. Numerous benefits are offered by this technology such as low operational costs, improved productivity, enhanced customer satisfaction, improved customization, and increased efficiency etc. These benefits contribute to the growth of Industry 4.0 market.
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Rising adoption of automation for quality production, growing use of big data analytics for cyber security along with increment in the adoption rate of the industrial internet have been driving the global industry 4.0 market. On the other hand, data security concerns, lacking a skilled workforce and poor synchronization might hinder the overall growth at a global level.
The “Global Industry 4.0 Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as ABB Ltd., Basler AG, Cognex Corporation, Denso Group, General Electric Company, Intel Corporation, Microsoft Corporation, Qualcomm Inc, SAP SE, and u-blox. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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