Digital transformation in manufacturing seizes the modern world and is expected to change the whole process of value creation in industries. This transformation affects the operational value creation process, enables new ways of doing business and leads to fundamental changes in organizations. For instance, Industry 4.0 and Industrial IoT (IIoT) is a term coined for the mixing of traditional manufacturing and industrial practices with the technological world. In addition to this, IT modernization will fuel digital transformation.
This growth is primarily driven by The evolution of Industry 4.0 manufacturing in developed economies, Increasing Penetration of IoT and Adoption of the Cloud Platform and IT modernization will fuel digital transformation.
Globally, a noticeable market trend is evident Adoption of IIoT and Industry 4.0. Major Manufacturers, such as Accenture PLC. (Republic of Ireland), Google (United States), Capgemini (France), Siemens AG (Germany), Cognex Corporation (United States), IBM Corporation (United States), Microsoft Corporation (United States), Deloitte Touche Tohmatsu Ltd (United Kingdom), PricewaterhouseCoopers (PWC) (United Kingdom), The Hewlett-Packard Company (United States), SAP SE (Germany), Dell EMC (United States), Oracle Corporation (United States) and Adobe Systems Inc (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
According to IDC, by 2020, 60 percent of plant floor workers at G2000 manufacturers will work alongside automated assistance technologies such as robotics, 3D printing, AI and AR/VR.
- The evolution of Industry 4.0 manufacturing in developed economies
- Increasing Penetration of IoT and Adoption of the Cloud Platform
- IT modernization will fuel digital transformation
- Adoption of IIoT and Industry 4.0
- High cost of software and services
- Security and privacy concerns for confidential data
Technological advancement in digital electronics paired with their rising application in different sectors such as automotive & construction and others
Lack of digital skills and resources in emerging economies and Cyber threats might challenge for the very market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Digital Transformation In Manufacturing Study Sheds Light on
The Digital Transformation In Manufacturing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Digital Transformation In Manufacturing industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Transformation In Manufacturing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.