Smart Manufacturing Platform Market Applications, Products, Types, Top Manufacturers, Industry Analysis, Growth and Forecasts Report 2027

Posted on Mar 11 2021 8:19 AM

"The global smart manufacturing platform market is expected to reach a market size of USD 29.64 Billion in 2027 and register a robust CAGR of 21.4% during the forecast period."

This report on the global Smart Manufacturing Platform market gives a thorough study that is primarily focused on top players and their business stratagem, geographical extent, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is explicitly prepared to explore crucial fragments of the global Smart Manufacturing Platform market. For instance, the market dynamics section in the report gives an in-depth analysis of the drivers, restraints, trends, and opportunities in the global Smart Manufacturing Platform market.

With both qualitative and quantitative analysis, we provide you with thorough and comprehensive information on the global Smart Manufacturing Platform market. The study also entails SWOT, PESTLE, and Porter’s Five Forces analyses of the global Smart Manufacturing Platform market.

All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Smart Manufacturing Platform market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Smart Manufacturing Platform market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

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Report Objectives

Examine the size of the global Smart Manufacturing Platform market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Smart Manufacturing Platform market.

Explore the underlying dynamics of the global Smart Manufacturing Platform market.

Highlight significant trends of the global Smart Manufacturing Platform market based on factors including, production, revenue, and sales.

Extensively profile top players of the global Smart Manufacturing Platform market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global Smart Manufacturing Platform market.

Forecast the market size and share of all segments and regions in the global landscape.

Key Highlights of Report

In June 2020, Microsoft announced the acquisition of CyberX to accelerate and secure IoT deployments of customers. With the help of CyberX, customers can manage and improve the security postures of existing IoT devices. CyberX is expected to help customers see a digital map of thousands of devices across a factory floor, which would securely enable smart manufacturing across production facilities and the supply chain.

The performance optimization segment accounted for largest market share of 49.8% in 2019. Adoption of performance optimization applications and smart manufacturing platforms has been growing across industries such as energy & power, automotive, oil & gas, and electronics & semiconductors, which is driving revenue growth of the performance optimization segment to a significant extent.

The process industries segment revenue is expected to expand at a rapid CAGR of 21.9% during the forecast period. Rising need to lower operational expenditure and enhance productivity is boosting adoption of Industry 4.0 in process industries. This is also driving deployment of smart manufacturing platforms in process industries.

The device management segment accounted for a significantly high revenue share in the smart manufacturing platform market in 2019. Increased adoption of advanced digital technologies in the manufacturing sector such as digital twins, smart sensors, and Industrial Internet Of Things (IIoT) is resulting in increasing number of connected devices, which is driving the need for device management.

Asia Pacific accounted for largest revenue share contribution to the global smart manufacturing platform market in 2019. Increasing initiatives by government regarding industrial automation is driving growth of the smart manufacturing platform market in the region.

Key players in the market include Microsoft, IBM, PTC Inc., SAP SE, Hitachi, ABB, Amazon, Bosch, Emerson, and Fujitsu Ltd.

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Application Outlook (Revenue, USD Billion; 2021–2028)

Asset & Condition Monitoring

Performance Optimization

Others

Industries Outlook (Revenue, USD Billion; 2021–2028)

Discrete (Medical Devices, Electronics & Semiconductor, Automotive, Industrial Manufacturing, Aerospace & Defense)

Process (Chemicals, Food & Beverages, Oil & Gas, Metals & Mining, Power & Energy, Pharmaceuticals)

Type Outlook (Revenue, USD Billion; 2021–2028)

Connectivity Management

Device Management

Application Enablement

Regional Outlook (Revenue, USD Billion; 2021–2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2028

Chapter 3. Key Insights

Chapter 4. Smart Manufacturing Platform Market Segmentation & Impact Analysis

Chapter 5. Smart Manufacturing Platform Market By Application Insights & Trends, Revenue (USD Billion)

Chapter 6. Smart Manufacturing Platform Market By Industries Insights & Trends Revenue (USD Billion)

Chapter 7. Smart Manufacturing Platform Market By Type Insights & Trends Revenue (USD Billion)

Chapter 8. Smart Manufacturing Platform Market Regional Outlook

Continued…