The market for digital manufacturing is anticipated to reach US$ 550 Bn by 2031, expanding at a predicted CAGR of more than 17% from 2021 to 2031. Due to Covid-19, conventional business models are being replaced by new digitalized ones, which has resulted in the development of more technologically sophisticated goods and services.
Manufacturing can benefit from digital transformation by having lower processing costs and more cost effectiveness. These days are gone when manufacturing firms paid less attention to a product’s production expenses, which resulted in expensive products. However, excessive costs can be cut with the aid of digital transformation.
Due to the Covid-19 criteria for adhering to social distance, companies from various industries now employ remote workers. Online services are utilised by people.
The digital transformation in manufacturing market refers to the integration of advanced technologies, such as IoT, AI, cloud computing, and others, into traditional manufacturing processes to improve efficiency, productivity, and overall competitiveness. This transformation enables manufacturers to collect and analyze real-time data, optimize operations, and make data-driven decisions.
The market for digital transformation solutions in manufacturing is growing rapidly as manufacturers increasingly adopt these technologies to remain competitive and respond to changing customer demands and market conditions. Key players in this market include IBM, Siemens, General Electric, SAP, and many startups that specialize in digital solutions for manufacturing. The market size is estimated to be worth billions of dollars globally, with a significant portion of spending going towards cloud computing, analytics, and IoT solutions.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13254
Who are the Key Solution Vendors in Digital Transformation in Manufacturing?
Key players such as
- Microsoft, SAP
- Cognizant
- Adobe
- Dell EMC
- IBM
- Marlabs
- Accenture
- Broadcom
- Equinix
- Oracle
- HPE
- HCL Technologies
- Tibco software
- Alcor Solutions
UK Demand Outlook for Digital Transformation in Manufacturing
Due to significant rise of the digital transformation technologies in the UK, it will attribute to the availability of more technical solutions in the upcoming years. The country is dependent on new technologies and innovations to produce higher quality products with lower costs and to achieve this goal, companies in the country are adopting intelligent solutions.
UK is expected to hold a major share as there are several initiatives taken by government to aid the transformation of the traditional manufacturing industry. The manufacturing plants with IoT technology in the country are allowing manufacturing companies to optimize their product and service innovations, supply chain and logistics management and business operations.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-13254
Key Segments of Digital Transformation in Manufacturing Market
By Solution:
- Cloud-based MES Platform
- AI-enabled Predictive Maintenance
- Manufacturing Analytics Solution
- Threat Intelligence platform
- IIoT Platform
- Others
By Deployment:
- On-premises
- Cloud
By Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
By Industry:
- Food & Beverages
- Pharma & Medical Devices
- Chemicals & Materials
- Paper & Pulp
- Electronics & Electricals
- Others
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
Request Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-13254
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
