Smart Manufacturing Platform Market Scope
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 optimize productivity and improve maintenance efficiency boosting the demand for the smart manufacturing platform. The concept smart factory can mean equipping it with smart machines, robots, advanced sensors and intelligence that can adjust or switch operations based on sensing the product, diagnostic or environmental conditions. This equipment should be able to publish data and receive instructions via open M2M standards and Internet protocols.
The 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 the major companies which are operating in the market try to eliminate the competition and improve their capabilities by means of either acquisition or strategic mergers. Some key players in the market include Microsoft Corporation, IBM Corporation, PTC Inc., SAP SE, Hitachi, Ltd., and Others. Research Analyst at AMA predicts that United States Players 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).
AdvanceMarketAnalytics has segmented the market 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 Leaders and their expansionary 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.
- Usage of Cloud-Based Service for Implementation of Smart Manufacturing Platform
- Growth in Industrial Automation in Emerging Countries
- Investment and Adaption of New Technologies from Manufacturing Industry
- Governments Support for Industrial Automation
- Growth in Adoption of IIoT and Cloud Technologies
- Lack of Skilled Workforce
- Requirement of Frequent Software Upgradation
- Complexity in Integration of System
- Concern related to Security of Data
Key Target AudienceSmart Manufacturing Platform Providers, Software Companies, Government and Private Organisation, End-Users Industry, Potential Investors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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