What is Smart Manufacturing Platform Market Scope?
The smart manufacturing platform market is expected to grow in the future due to the rising adoption of automation in various industries and increasing penetration of technologies such as smart factories, industry 4.0, IoT, and etc. To increase demand for the smart manufacturing platform by rising productivity and enhancing maintenance performance. The term "smart factory" may refer to a facility that is equipped with intelligent machines, robotics, advanced sensors, and intelligence that can change or turn operations based on the product, diagnostic, or environmental conditions. Via open M2M standards and Internet protocols, this equipment should be able to publish data and receive instructions.
The Smart Manufacturing Platform market study is being classified by Type (Device Management, Connectivity Management and Application Enablement Platform), by Application (Performance Optimization and Condition Monitoring) and major geographies with country level break-up.
The smart manufacturing platform market is fragmented by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Smart Manufacturing Platform market throughout the predicted period.
Microsoft Corporation (United States), IBM Corporation (United States), PTC Inc. (United States), SAP SE (Germany), Hitachi, Ltd. (Japan), Schneider Electric SE (France), Siemens AG (Germany), ABB Group (Switzerland), Emerson Electric Co. (United States), Fujitsu Ltd. (Japan) and Accenture plc (Ireland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Robert Bosch GmbH (Germany), Oracle Corporation (United States), Cisco Systems, Inc (United States), Rockwell Automation, Inc. (United States), Atos SE (France), C3 IoT (United States), Telit Communications PLC (United Kingdom), Software AG (Germany) and Seebo Interactive Ltd. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Smart Manufacturing Platform market by Type, Application and Region.
On the basis of geography, the market of Smart Manufacturing Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In April 2019, Microsoft Corp. and the BMW Group announced a new community initiative to enable faster, more cost-effective innovation in the manufacturing sector. The Open Manufacturing Platform (OMP) is designed to break down these barriers through the creation of an open technology framework and cross-industry community.
In Feb 2019, IBM announced a new chapter in the journey from AI experimentation to wide-scale deployment and industry transformation. IBM has made Watson portable across any cloud and empowered businesses to prevent vendor lock-in and start deploying AI wherever their data resides.
Influencing Market Trend
- Usage of Cloud-Based Service for Implementation of Smart Manufacturing Platform
Market Drivers
- Growth in Industrial Automation in Emerging Countries
- Investment and Adaption of New Technologies from Manufacturing Industry
- Governments Support for Industrial Automation
Opportunities
- Growth in Adoption of IIoT and Cloud Technologies
Restraints
- Lack of Skilled Workforce
- Requirement of Frequent Software Upgradation
Challenges
- Complexity in Integration of System
- Concern related to Security of Data
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Smart Manufacturing Platform Providers, Software Companies, Government and Private Organisation, End-Users Industry, Potential Investors and Others
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.