Industry 4.0 Market - Overview The Industry 4.0 Market witnesses substantial revenue growth. According to Market Research Future (MRFR), the global Industry 4.0 market is poised to create a substantial revenue pocket by 2027, registering a moderate CAGR during the forecast period (2020-2027). Factors such as rising deployments of IIoT devices and growing automation across industries boost the market growth. Technology has advanced rapidly and dramatically in the past two decades. This is largely what has allowed the industry 4.0 market to grow as fast as it did, especially during the pandemic. The infrastructure that is needed to support these technologies are also converging to allow smartphones, and other digital devices and technologies to be used in such a way that will allow the industry 4.0 market to grow faster. Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2375 Global Industry 4.0 Market – Segments The market is segmented into technology, application, vertical, and region. The technology segment is bifurcated into augmented reality (AR), Internet of Things (IoT) platforms, cloud computing, location detection technology, advanced human interactive machine interface, big data, data fabrication/3D printing, data analytics, smart sensors, robotics, and others (smart & connected handheld devices, smartphones, laptops, and computers, etc.). The application segment is bifurcated into smart factory, industrial internet of things (IIoT), industrial automation, and others. The vertical segment is bifurcated into mining, metals, food & beverages, chemical industry, oil & gas refinery, pharmaceuticals, industrial manufacturing, aerospace, construction, defense, electronics, automotive, transportation, and others. The region segment is sub-segmented into Europe, Americas, Asia-Pacific, and the Rest-of-theWorld. Global Internet of Things Market – Geographical Analysis North America and Europe lead the global Industry 4.0 market, witnessing the rising demand and early adoption of innovative technologies. Besides, the rising penetration of smart devices led by automation in increasing numbers of enterprises boosts the Industry 4.0 market share. The presence of leading industry players and well-established technology development centers in these regions fosters the Industry 4.0 market size. Global Industry 4.0 Market – Competitive Landscape The Industry 4.0 market appears highly competitive and fragmented due to the presence of many market players. Innovation, mergers & acquisitions, and expansion remain key trends for these players to gain a larger competitive share. They make substantial R&D investments in the development of new technologies and costeffective portfolios. Also, considerable investments are fostered in expanding global footprints and gaining diverse expertise. Major Players:
Industry 4.0 Market Size, Research Report - Global Forecast to 2030
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