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. Thanks 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. Yet, excessive costs can be cut with the aid of digital transformation.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13254
What is Driving Demand for Digital Transformation in Manufacturing?
Continuous advancement in technology is adding opportunities for digital transformation in manufacturing. IoT is playing an important role in manufacturing industry for improved efficiency and a reduction in production costs. This has resulted in contributing to the market growth.
Advanced data analytics is one of the major driver, which will also keep the market future robust. There are various components of the Industrial Internet or Industry 4.0 space, which are further driving the digital transformation across the manufacturing sector.
There is an increase in number of industrial robots used by organizations for eliminating the need for human drivers, this too is likely to garner demand in the global digital transformation in manufacturing market.
What are the Key Trends for Digital Transformation in Manufacturing?
Different industries are moving towards the application of robotics for improved efficiency and a reduction in production costs, which leads the way for growth of digital transformation in manufacturing. Robots can be programmed to operate 24*7 and this is anticipated to be a major trend driving growth of the digital transformation in manufacturing.
Robots can also be customized to perform complex functions. This significant factor is further impelling the need for digital transformation solutions. Industries are using robots for material handling to product packing, this will also keep the market future robust.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/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
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
- East Asia
- China
- Japan
- South Korea
Report Customization available @ https://www.futuremarketinsights.com/customization-available/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
