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Smart Manufacturing Platform Market to Witness Huge Growth from 2017-2026

Smart Manufacturing Platform Market is accounted for $3.09 billion in 2017 and is expected to reach $16.29 billion by 2026 growing at a CAGR of 20.3% during the forecast period. Some of the key factors influencing the market growth are rising government investments supporting industrial automation and increase in the adoption industry 4.0 solutions are the major factors boosting market growth However, Threats related to Cybersecurity Complexity in implementing smart manufacturing systems are the propelling factors.
Smart manufacturing platform is associated with the concept of smart manufacturing or Industry 4.0 that enables companies to connect to Industrial Internet of Things (IIoT) emphasizing on collecting, analyzing, and making use of as much data as possible, turn data insights into direct action, and create competitive advantage. Smart manufacturing platform usually finds its usability for performance optimization, asset management, condition monitoring, predictive maintenance, etc.
Top Companies Covered in this Report:3d Systems, ABB, Cisco, Daifuku, Emerson, GE, Honeywell, IBM, Jbt, Oracle, Rockwell, Schneider, Siemens, Stratatys, and Yokogawa.



Based on Type, Device Management segment is expected to grow at a significant rate during the forecast period. The rise in automation is resulting in the increasing implementation of IoT devices in various industries. As many IoT deployments comprise hundreds of thousands to millions of devices, it becomes important to track, monitor, and manage connected device fleets. Device management platform enables users to track, monitor, and manage IoT devices.
By Geography, Asia Pacific region is anticipated to exhibit the considerable growth of the global Clean room lighting market. Asia Pacific is likely to be the fastest growing region for the smart manufacturing platform market in the coming years. Asia Pacific has become a global focal point for large investments and business expansions, thereby providing opportunities for the smart manufacturing platform market.
Applications Covered:
– Asset and Condition Monitoring
– Performance Optimization
– Other Applications
Types Covered:
– Application Enablement Platform
– Connectivity Management
– Device Management
Deployment Type Covered:
– Cloud
– On-Premises
Industry Covered:
– Discrete Industry
– Process Industry
Research objectives:-
– To study and analyze the global Smart manufacturing platform consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Smart manufacturing platform market by identifying its various sub-segments.
– Focuses on the key global Smart manufacturing platform manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Smart manufacturing platform with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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