New York, NY, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industry 4.0 Market by Technology (Industrial Robotics, Cybersecurity, Internet of Things (IoT), 3D Printing, Advanced Human-Machine Interface (HMI), Big Data, Augmented Reality & Virtual Reality, and Artificial Intelligence) and by Vertical (Automotive, Electrical & Electronics Equipment, Industrial Equipment, Aerospace, Chemical & Materials, Food & Agriculture, Oil & Gas, Energy & Power, Healthcare, and Other Verticals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024’’. According to the report, global industry 4.0 market was valued at around USD 66.10 billion in 2017 and is expected to reach approximately USD 155.30 billion by 2024, growing at a CAGR of slightly above 14.9% between 2018 and 2024.
Industry 4.0 is an integrated system which consists of an automation tool, robotic control, and big data analytics. Industry 4.0 holds a lot of potentials and is expected to register a substantial growth in the near future. The industry 4.0 is not only about technology but also about companies that gather appropriate data and integrate it with digital services for utilizing it for their own benefit. The industry 4.0 also consists of a physical cyber system, cloud computing, and the internet of things.
Request a Free Sample Report on Industry 4.0 Market: https://www.zionmarketresearch.com/sample/industry-4-0-market
The industry 4.0 is the fourth industrial revolution. It is a grouping of numerous innovations that are done in digital technology. It is an integrated system that consists of robotics control, automation tools, and big data analytics. This system helps the manufacturers to ensure the integrity, insights, control, and visibility of the product. The industry 4.0 has introduced smart factories in which the cyber-physical system monitors the process of the factory.
Industry 4.0 combines the digital and physical advancements of the technology. It facilitates the improvements that incorporate the machinery warehouse system and the production facilities. Digital industry technology is the most widely adopted trend in this fourth revolution. The industrial revolution started with the mechanization of water power; the second industrial revolution included assembly line and mass production. The third revolution included computer and automation and the fourth stands for the physical cyber system. Factors such as advancements in robots, artificial intelligence, and cloud computing are driving the growth of the market. The smart factory concept has been applied across most industries that employ a completely new approach for production. The smart products are easily identifiable. Various regions across the globe are experiencing extensive developments. For instance; Europe is at the third position in the global industry 4.0 investments. This industrial revolution holds immense potential and it allows the small factories to meet the demand of its customers. It helps for last minute changes in production and delivers the ability to respond flexibly to disruption. However, lack of cost-benefit will be acting as a restraining factor for the market. On the other hand, increased focus on efficiency and cost of production leading to digitization analysis is expected to provide many opportunities for the key players working in the global industry 4.0 market.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/industry-4-0-market
The global industry 4.0 market can be fragmented based on technology vertical, and region. The technology segment is divided into big data, robotics, cybersecurity, internet of things (IoT), advanced human-machine interface (HMI), 3D printing, augmented reality & virtual reality, and artificial intelligence. The vertical segment is divided into industrial equipment, oil & gas, healthcare, automotive, electrical & electronics equipment, aerospace, chemical & materials, food & agriculture, energy & power, and others.
Industrial equipment was the dominating segment of the global industry 4.0 market in 2017 and it is expected to maintain this trend over the forecast period. Increase in demand for industrial equipment is expected to drive the demand for industry 4.0 market over the years to come.
Browse the full "Industry 4.0 Market by Technology (Industrial Robotics, Cybersecurity, Internet of Things (IoT), 3D Printing, Advanced Human-Machine Interface (HMI), Big Data, Augmented Reality & Virtual Reality, and Artificial Intelligence) and by Vertical (Automotive, Electrical & Electronics Equipment, Industrial Equipment, Aerospace, Chemical & Materials, Food & Agriculture, Oil & Gas, Energy & Power, Healthcare, and Other Verticals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024" report at https://www.zionmarketresearch.com/report/industry-4-0-market
Based on region, the market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. North America held the significant share of the industry 4.0 market in terms of revenue during 2017. This can be attributed to the various technological advancements in the region. Asia Pacific industry 4.0 market is also likely to witness noteworthy growth during the next few years.
Some of the major players operating in the global industry 4.0 market are International Business Machines Corporation, ABB Inc., Intel Corporation, Stratasys, Ltd., Alphabet Inc., General Electric Company, Mitsubishi Electric Corp., Microsoft Corporation, Hewlett Packard Enterprise Company, Cisco Systems, and others.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/industry-4-0-market
The report segments the global industry 4.0 market as follows:
Industry 4.0 Market: Technology Analysis
- Industrial Robotics
- Cybersecurity
- Internet of Things (IoT)
- 3D Printing
- Advanced Human–Machine Interface (HMI)
- Big Data
- Augmented Reality & Virtual Reality
- Artificial Intelligence
Industry 4.0 Market: Vertical Analysis
- Automotive
- Electrical & Electronics Equipment
- Industrial Equipment
- Aerospace
- Chemical & Materials
- Food & Agriculture
- Oil & Gas
- Energy & Power
- Healthcare
- Others
Industry 4.0 Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://www.intenseresearch.com | http://www.mrsresearchgroup.com | http://www.marketresearchtrade.com | https://qyresearchgroup.com | http://marketnreports.com | https://zmrnewsjournal.us | http://www.e-marketresearch.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com