Global Industry 4.0 Market

Global Industry 4.0 Market by Component (Hardware, Software and Services), by Technology (3D Printing, Industrial Robotics, Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), Industrial Metrology, Digital Twin, Augmented Reality & Virtual Reality and Others (5G, Machine Learning, Cyber security, Cloud Computing and Others), By Application (Industrial Automation, Smart Factory and Industrial internet of things (IIoT)), by End-User Industry(Automotive, Electronics, Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Food & Beverages, Manufacturing and Others) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)- Global Forecast to 2027

Frequently Asked Questions (FAQ):

Global Industry 4.0 market valued USD 84.35 billion in 2020 and expected to reach USD 213.84 billion by 2027.

Industry 4.0 refers to the way companies manufacture, improve and distribute their products through the smart networking and processing of machines with the help of information and communication technology (ICT).

Companies such as ABB, Mitsubishi, FANUC, General Electric, IBM, Amazon Web Services, Texas Instruments, Cisco, Microsoft, Stratasys, Google, Intel, HP, Siemens, Ansys, AIBrain, Yaskawa, KUKA, SAP, and General Vision are top players of industry 4.0 market.

Industry 4.0 focuses majorly on automation, machine learning, interconnectivity, and real-time data.

The Global Industry 4.0 market is growing at a CAGR of 12.77 % from 2021–2027.

Cognitive computing, Cloud computing, Artificial intelligence, The industrial internet of things (IIoT), Cyber-physical systems (CPS), Smart manufacture, Smart factories, The internet of things (IoT) are industry 4.0 technologies examples.

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