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Smart Manufacturing Platforms Market Trends

  • Report ID: 3235
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Smart Manufacturing Platforms Market Trends

Growth Drivers

  • Growing Use of Industrial Automation Worldwide
  • Rising Adoption of IoT and Cloud Technologies

Challenges

  • Complex Integration of Smart Manufacturing Platforms
  • Security Concerns Regarding Wireless Networking

Smart Manufacturing Platforms Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

18.3%

Base Year Market Size (2023)

USD 8.53 billion

Forecast Year Market Size (2036)

USD 75.81 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Shweta Patidar


  • Report ID: 3235
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for industrial automation and rising adoption of IoT and cloud technologies are the key factors estimated to drive market growth.

The market is anticipated to attain a high CAGR over the forecast period, i.e., 2022-2030.

Complex integration of smart manufacturing platforms and concerns related to security in wireless networking are the factors estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing urbanization and emergence of new businesses in the region.

The major players dominating the smart manufacturing platforms market are General Electric Company, Amazon Web Services, Inc., Emerson Electric Co., Fujitsu Limited, PTC Inc., among others.
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