The Global Industry 4.0 Market size is projected to reach a market size of USD 240.55 Billion by 2027 at a rapid and steady CAGR over the forecast period, according to most recent analysis by Emergen Research.
Information and communication technology, which is an integral part of industry 4.0, uses multiple network components and communication protocols for centralized machine supervision and semi-automated/automated decision making, resulting in decreased downtime.
The comprehensive analysis of the Industry 4.0 industry offers the businesses insightful data to assist them in capitalizing on the lucrative growth opportunities in the Industry 4.0 industry. The report also sheds light on the lucrative growth prospects for the leading companies in the Industry 4.0 industry during the forecast period.
Major companies operating in the global industry 4.0 market include General Electric Company, Mitsubishi Electric Corporation, Cisco Systems Inc., ABB, KUKA, Stratasys Ltd., IBM Corporation, FANUC, Yaskawa Electric Corporation, and Siemens AG.
Also, industry 4.0 allows for automatic process tracking and tracing and faster batch changeovers leading to improved productivity.
The report further sheds light on strategic initiatives and business expansion plans undertaken by the key companies operating in the Industry 4.0 industry. The report assesses the strategies such as mergers and acquisitions, government and corporate deals, partnerships and collaborations, joint ventures, brand promotions, and product launches, among others.
Emergen Research has segmented the global industry 4.0 market in terms of technology, industry vertical, and region:
Technology Outlook (Revenue, USD Million; 2017–2027)
Internet of Things
Industry Vertical Outlook (Revenue, USD Million; 2017–2027)
Energy & Utilities
Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Additionally, the report also offers an extensive analysis of the key elements that influence the growth of the market, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. It also offers exhaustive SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. It also offers strategic recommendations to the new entrants on how to overcome the entry-level barriers. Strategic recommendations for the established players assists them to fortify their position in the market.
The industry 4.0 market in the Asia Pacific dominated other regional markets in terms of revenue share contribution to the global market in 2019. This high revenue growth can be attributed to robust presence of leading manufacturing companies in countries such as Japan, China, and South Korea. Also, increasing use of IoT, robotics, AI, and additive manufacturing in industries in the region are among other factors driving market growth.
Thank you for reading our report. Customization of the report is available according to the requirements of clients. Kindly get in touch with us to know more about the report, and our team will ensure the report is tailored according to your needs.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.