About Smart Manufacturing Platform
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Smart Manufacturing Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Players which are also part of the research coverage 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 Overview
AMA Research has segmented the market of Global Smart Manufacturing Platform market by Type (Device Management, Connectivity Management and Application Enablement Platform), Application (Performance Optimization and Condition Monitoring) 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). If we see Market by End User Industry, the sub-segment i.e. Energy & Power will boost the Smart Manufacturing Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud will boost the Smart Manufacturing Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Usage of Cloud-Based Service for Implementation of Smart Manufacturing Platform
Market Growth Drivers:
Growth in Industrial Automation in Emerging Countries, Investment and Adaption of New Technologies from Manufacturing Industry and Governments Support for Industrial Automation
Challenges:
Complexity in Integration of System and Concern related to Security of Data
Restraints:
Lack of Skilled Workforce and Requirement of Frequent Software Upgradation
Opportunities:
Growth in Adoption of IIoT and Cloud Technologies
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.
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.