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Connected Manufacturing Market Trends

  • Report ID: 2991
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Connected Manufacturing Market Trends

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

2023

Forecast Year

2024–2036

CAGR

14.2%

Base Year Market Size (2023)

USD 152.93 billion

Forecast Year Market Size (2036)

USD 859.31 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 

 

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Author Credits:  Abhishek Verma


  • Report ID: 2991
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for automation & interconnected devices along with the technological advancements in network, software, and devices.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.

Risks to data privacy and system hacking are estimated to hamper the growth of the market

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing amount of industries and technological advancement in countries such as China and India.

The major players dominating the connected manufacturing market are Robert Bosch GmbH, Cisco Inc., General Electric Company, IBM Corp., Software AG, Cognizant among others.
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