Connected Manufacturing Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing demand for automation & interconnected devices
- Technological advancements in network, software, and devices
Challenges
- Risks to data privacy and system hacking
Connected Manufacturing Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
14.2% |
|
Base Year Market Size (2024) |
USD 174.65 billion |
|
Forecast Year Market Size (2037) |
USD 981.36 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of connected manufacturing is estimated at USD 195.73 billion.
Connected Manufacturing Market size was valued at USD 174.65 billion in 2024 and is likely to cross USD 981.36 billion by 2037, registering more than 14.2% CAGR during the forecast period i.e., between 2025-2037.
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.
The major players in the market are Robert Bosch GmbH, Cisco Inc., General Electric Company, IBM Corp., Software AG, Cognizant, among others.
