28 April 2021
The new report the Smart Manufacturing Platform Market Report to 2031: Forecasts by Type (Device Management, Connectivity Management, Application Enablement), Platform (Process and Discrete), Industry (Automotive, Electronics & Semiconductor, Industrial Manufacturing, Medical Devices, Aerospace & Defence, and Others), by Region, Country, and Profiles of Leading Companies indicates that the Global Smart Manufacturing Platform Market will see $ XX bn in spending in 2020.
The lead analyst of the report said: "The smart manufacturing platform market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of the smart manufacturing platform."
Smart manufacturing is used to minimize production downtime by enhancing operational efficiency. These benefits resulted in improved productivity and long-term cost benefits. Growing demand for efficient and automated data to enhance productivity and reduce functioning costs, favorable government policies for industrial automation and industrial automation growth across various end-use industries are the main driving factors for smart manufacturing platform market growth. The smart manufacturing platform empowers the use of interrelated machinery for carrying out automated production of the manufacturing products. These manufacturing products are from various industries such as automotive, chemicals, and oil & gas.
The smart manufacturing platform market is anticipated to grow in the forecast period due to industry 4.0 and the increasing need for streamlined and automated data. Besides, support for industrial automation from the government is expected to fuel the smart manufacturing platform market. However, a lack of a skilled workforce for IoT may hinder the market growth. On the other hand, the advances in cloud technologies are likely to showcase growth opportunities for the smart manufacturing platform market.
COVID-19 pandemic has enhanced the integration of digitalization technologies in manufacturing facilities worldwide. Also, the growing IoT applications, digital transformation, and AI demand for software platforms are expected to reduce the direct virus impact and partially improve the growth of the smart manufacturing platform in the global market post-pandemic and during the forecast period.
The XX page report contains 115 tables and 239 graphs that add visual analysis to explain developing trends within the Smart Manufacturing Platform market. The report provides $ XX bn forecasts during the forecast period 2021-2031 for the smart manufacturing platform submarkets, namely by type, i.e., device management, connectivity management, application enablement.
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies' chapter covering more than 15 companies leading the field in the smart manufacturing platform.
The global smart manufacturing platform market 2021-2031 report will be of value to anyone who wants to understand better the smart manufacturing platform market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical aspect of the smart manufacturing platform industry.
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