Connected Manufacturing Market Share

Geographically, the connected manufacturing market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific industry is set to hold largest revenue share by 2037, due to increasing number of industries and increasing spending on improved performance, security, and economic stability Technological advancements in the region to increase operation efficiency and production in countries such as China and India are expected to drive the growth rate in the Asia-Pacific region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the presence of major industries in the region. Along with this, North America also leads in terms of investments and has a financially strong portfolio of industries essential in the deployment of connected technologies for manufacturing, which is also expected to contribute to the connected manufacturing market growth in the region.