Competitive Benchmarking and Vendor Forecasts for 2023-2027
The dire need for simplification of complex manufacturing activities, the increasing adoption of Industry 4.0, and the increasing supply chain complexities have driven the market expansion of Smart Manufacturing. It is estimated the Global smart manufacturing market will witness growth at a CAGR of 13.95% between 2022 and 2027 with a revenue growth of USD 20,265.52 million.
Key Companies and their key offerings: Companies are implementing various strategic alliances, and partnerships, with their product/service launches, to enhance their presence in the market.Some of the key offerings of market players.
Some of the prominent names worth mentioning are Dassault Systemes SE, FANUC Corp., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., International Business Machines Corp., Microsoft Corp., Mitsubishi Electric Corp., Oracle Corp., PTC Inc., etc among others. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem.
Key Market Players at a Glance: Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities.
Smart Manufacturing Market: Market Highlights
Quick Fact: APAC region is the largest regional smart manufacturing market in the world owing to the increasing adoption of IoT, cloud computing, and automation in the manufacturing sector.