Industry 4.0, also refer to as fourth industrial revolution that focuses on deep learning, automation, machine learning (ML), Artificial Intelligence (AI), edge computing, digital twin and data analytics. Industry 4.0 revolutionize the way business operates by offering access to real-time insights across products, processes, partners, and people. It connects physical with digital for better control of business operations.
The global industry 4.0 market is expected to register fastest revenue growth rate over the forecast period due to rapid adoption of Internet of Things (IoT), cloud computing and analytics into production facilities. The increasing demand for industrial robotics in manufacturing units to reduce production costs is resulting in the advent of additional opportunities for further advancements in the market. In addition, speed and reliability of 5G, ongoing research and development activities, recent powerful advancements in communication and information systems are some factors expected to continue to drive market growth going ahead.
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Major players in the market include Mitsubishi Electric Corp., ABB Ltd., Microsoft Corporation, Cisco Systems, Inc., General Electric Company, KUKA, Yaskawa, FANUC, Google, and Intel Corporation.
Some Key Highlights From the Report
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For the purpose of this report, Reports and Data has segmented the global Industry 4.0 market based on technology, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
End-use Outlook (Revenue, USD Billion; 2018–2028)
The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report further explores the key business players along with their in-depth profiling, product portfolio, and strategic business decisions. The report has been formulated through extensive primary and secondary research and further validated by analysts, industry experts, and market professionals. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches, among others.
Regional analysis covers assessment of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue and gross margins, and presence of key players in the region. The report also offers insights about revenue growth, market size, market share, technological advancements, and presence of key players in each region.
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Regional Bifurcation of the Industry 4.0 Market Includes:
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