Industry 4.0 Global Market to Reach $219.8 Billion by 2026
Global Market for Industry 4.0
Dublin, July 08, 2022 (GLOBE NEWSWIRE) -- The "Industry 4.0 - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Industry 4.0 Market to Reach $219.8 Billion by 2026
Industry 4.0 (i4.0), the fourth industrial revolution, defines the new age of intelligent factory and smart manufacturing processes. Also referred to as Industrie 4.0, because of being first conceived and implemented by Germany, i4.0 involves the integration of automation techniques and connected objects for revolutionizing the factory floor.
i4.0 functions in the form of a subset of the Internet of Things (IoT) and spans all facets of industrial development. In an i4.0-enabled manufacturing environment, different manufacturing processes are inter-connected through industrial protocols to generate intelligent data. The dynamic engineering and business processes of such a manufacturing environment enable end-process changes during production, thereby responding flexibly in the event of suppliers failing to fulfill the supply orders.
The global market for Industry 4.0 estimated at US$90.6 Billion in the year 2020, is projected to reach a revised size of US$219.8 Billion by 2026, growing at a CAGR of 16.5% over the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
The Ever Growing IoT Ecosystem, A Cornerstone for Growth
Increasing Number of Connected Devices and Growth of IoT Adoption in Industrial Control Systems Enhance Need for Effective Cybersecurity Solutions
Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2016, 2018, 2020 and 2025
HMI Technologies Take Center Stage in Industrial Automation Ecosystem
Global Digital Transformation Opportunity (In US$ Billion) for the Years 2019, 2021 and 2023
Evolution of IoT Drives Robust Innovation in HMI Technology
Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
Industrial Robotics Market Recording Strong Growth
Growing Automation Rapidly Changing Manufacturing Sector Landscape
3D Printing: A High Growth Market
Global Market for 3D Printing by Application (2021E): Percentage Breakdown by Application Area
Industry 4.0 Trends Impacting the Manufacturing Processes
IT/OT Convergence Brings Forth Cybersecurity Gaps in Manufacturing Industry
Chemical Processing Industry at High Risk of Cyber Crimes, Driving Need for Security Solutions
With Transportation Systems Worldwide Facing High Risk of Cyberattacks, the Need for Effective Cybersecurity Solutions Grows
Rising Risk of Cyber Threats in Auto Industry: An Opportunity for IoT Solutions
Amidst Rapidly Changing and Evolving Cyber Threats, Energy Sector Adopts Advanced Solutions to Enhance Security
As a Prime Target for Cyber Criminals, Power Sector Witnesses High Demand for Cybersecurity Solutions
Digitalization of Coal Power Plants Presents Opportunity for Cybersecurity Market: Number of Existing Coal Plants and New Planned Coal Plants by Select Country/Region for 2019
Threat of Cyberattacks on the US Electric Power Sector: Assessing the Impact of Attacks by Various Actors for Power Utilities
Evolution of Cyberattacks on Industrial Control Systems in Power Sector: A Historical Timeline
Shift towards Smart Factories and the Potential Risk of Cyberattacks Fuels Importance of Cybersecurity for Intelligent Factories
Global Smart Factory Market: Revenues in US$ Billion by Region/Country for the Years 2018 and 2024
Impact of COVID-19
Challenges Facing the Industry 4.0 Market
Challenges Commonly Confronted by Manufacturers and Measures to Develop More Cyber Resilient Networks
Challenges Confronting Implementation of Industry 4.0
Challenges Posed by Continuously Evolving Technology Environment
4. GLOBAL MARKET PERSPECTIVE
Companies Mentioned
ABB Ltd.
Cisco Systems, Inc.
FANUC Corporation
General Electric Company
Hewlett Packard Enterprise Company
Intel Corporation
International Business Machines Corporation
KUKA AG
Microsoft Corporation
Mitsubishi Electric Corporation
Siemens AG
Stratasys Ltd.
YASKAWA Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/r/iukgw4
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