Smart Manufacturing Platform Market - Global Industry Analysis 2014 - 2018 and Forecast 2019 - 2029

Smart Manufacturing Platform  Market
  • To Be Published : Nov-2020 |
  • Status : Work in progress |
  • Format : Smart Manufacturing Platform  Market Smart Manufacturing Platform  Market Smart Manufacturing Platform  Market Smart Manufacturing Platform  Market

Smart Manufacturing Platform: Market Outlook

Smart manufacturing platform technology enables an operator to keep a check on production process by connecting internet enabled equipment and devices on single platform. Smart manufacturing platform enables to not only check and monitor device performance, but also helps in optimizing the overall performance. The eventual goal of implementing smart manufacturing platform is to identify chances for automated performance, and by the use of data analytics, to improve manufacturing efficiency. Increasing industrial automation and growing importance for Industry 4.0 are the factors that are responsible for widespread adoption and implementation of smart manufacturing platform across industries. 

Smart Manufacturing Platform: Market Dynamics

Industrial automation has been one of the main driving factors behind the adoption of smart manufacturing platform. Manufacturers and operators have been constantly investing and adopting new technologies to not only improve operational efficiency, but also to reduce overall manufacturing and labor costs. Smart manufacturing platform has helped operators to link up devices on a single platform to monitor and improve conditional performance and predictive maintenance, thereby reducing maintenance costs. The ability to track, monitor, collect and access data anytime from anywhere is one of the added advantages of implementing smart manufacturing platform. Growing adoption of industry 4.0 solutions, support from government initiatives and growing need for automated data for overall performance optimizing are driving industry end users to implement smart manufacturing platform in their operational processes. Inclination towards cloud based services for implementation of smart manufacturing platform is expected to become a prominent trend, given the system’s ability to monitor and operate process from remote locations. Lack of skilled workforce with IoT know-how, cyber security related threats and complexity in the implementation are some of the key factors expected to create a dent in the overall growth of smart manufacturing platform market. But given the large number of advantages and high cost savings in implementing smart manufacturing platform, the overall market is anticipated to register healthy demand over the coming years.                          

Smart Manufacturing Platform: Market Segmentation

The overall smart manufacturing platform market can been segmented on the basis of type as:

  • Device Management
  • Connectivity Management
  • Application Enablement Platform 

The overall smart manufacturing platform market can been segmented on the basis of application as:

  • Performance Optimization
  • Condition Monitoring 

The overall smart manufacturing platform market can been segmented on the basis of industry as:

  • Process Industry
    • Automotive
    • Electronics & Semiconductors
    • Aerospace & Defence
    • Medical Devices
    • Industrial Manufacturing
  • Discrete Industry
    • Food & Beverages
    • Metals & Mining
    • Power Generation
    • Oil & Gas
    • Chemicals
    • Pharmaceuticals 

The overall smart manufacturing platform market can been segmented on the basis of deployment type as:

  • Cloud
  • On-site 

Smart Manufacturing Platform Market: Regional Outlook

Europe and North America are market leaders when it comes to industrial automation and Industry 4.0. Rapid technological advancements and new technology adoption rate is significantly higher in these regions as compared to the rest of the world. Therefore, Europe is expected to be at the forefront in terms of demand for smart manufacturing platform market given the large number of end use industries and automation in it, with North America closely following. China is undergoing a rapid transformation in industrial automation and the presence of large number of industries in the region is expected to peg the country as one of the leading countries in the global smart manufacturing platform market. South Asia is expected to witness rapid increase in demand for smart manufacturing platform given the high rate of adoption in India, which is supported by various government initiatives. Latin America region is also expected to witness significant growth in terms of demand owing to government supported initiatives in Brazil & Mexico for technology importing and adoption.

Smart Manufacturing Platform Market: Market Participants

Some of the key market participants identified in the Smart manufacturing platform market across the globe are:

  • Microsoft
  • IBM
  • Siemens AG
  • ABB
  • Hitachi, Ltd
  • Emerson Electric Co
  • PTC
  • SAP
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Oracle                                         

Brief Approach to Research

The research report presents a comprehensive assessment of the Smart manufacturing platform market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Smart manufacturing platform market segments such as geographies, application and industry.

The report covers exhaustive analysis on:

  • Smart manufacturing platform Market Segments
  • Smart manufacturing platform Market Dynamics
  • Smart manufacturing platform Market Size
  • Smart manufacturing platform Supply & Demand
  • Smart manufacturing platform Current Trends/Issues/Challenges
  • Smart manufacturing platform Competition & Companies involved
  • Smart manufacturing platform Technology
  • Smart manufacturing platform Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Smart manufacturing platform market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Smart manufacturing platform market segments and geographies.

Report Highlights:

  • Detailed overview of Smart manufacturing platform’ parent market
  • Changing Smart manufacturing platform market dynamics in the industry
  • In-depth Smart manufacturing platform market segmentation
  • Historical, current and projected Smart manufacturing platform market size in terms of volume and value
  • Smart manufacturing platform recent industry trends and developments
  • Smart manufacturing platform competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth in Smart manufacturing platform market
  • A neutral perspective on Smart manufacturing platform market performance
  • Must-have information for Smart manufacturing platform market players to sustain and enhance their market footprint

Smart Manufacturing Platform Market

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