Smart Factory Market Latest Trends, Technological Advancement, Driving Factors and Forecast to 2030 | ABB Group, Atos SE

Smart Factory Market

Smart Factory Market

SAN FRANCISCO, CALIFORNIA, UNITED STATES, June 28, 2023/ -- The recently published research report titled "Global Smart Factory Market 2023: Size, Share, and Potential Opportunities, as well as Industry Segmentation by Product Type, Application, and Geography" provides a comprehensive analysis of the elements driving the global business scope. The report study includes the most recent market statistics, a product and service breakdown, and an analysis of the current situation in light of predicted trends. The analysis includes market segmentation, regional data, CAGR, sales volume, and current and emerging trends. The report aims to provide cutting-edge research on the dynamics, size, growth, and cost structure of the industry. Each sub-development market's contribution to the global Smart Factory market is also discussed.

The global smart factory market is estimated to account for US$ 116.3 Bn in terms of value in 2019 and is expected to be valued at US$ 276.12 Billion by 2027, witnessing a CAGR of 13.3 % during the forecast period (2019-2027).

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It presents a market compilation that primarily focuses on market trends, demand spectra, and industry prospects from 2023 to 2030. The study contains comprehensive statistics on the global Smart Factory market, including segment and region-specific data as well as qualitative data analysis. The study also underlines market drivers, constraints, and potential possibilities. Following that, the research gives insight into both short- and long-term market developments. The report covers the most current news and transactions in the global Smart Factory market, such as mergers, acquisitions, contract awards, licenses, product launches, and expansion plans. The Smart Factory market is studied using research methodologies such as primary research, secondary research, bottom-up and top-down approaches, SWOT analysis, Porter Five Forces analysis, and others.

Market Overview:

The analysis of the global Smart Factory market includes a market overview as well as market definition and scope. Rapid demand growth and continual technological developments have a significant impact on market progress. An in-depth study based on a variety of criteria, such as sales analysis, major driving forces, market trends, leading players, important investment areas, and market size, to assist business strategists and decision makers in developing effective business strategies. The report's objectives, research scope, market segmentation by type and application, years included for study, and key competitors in the Smart Factory market are all mentioned.

Top Key Players: Oracle Corporation, ABB Group, Atos SE, Rockwell Automation, Inc., Accenture PLC, General Electric Co., PTC Inc., Siemens AG, SAP SE, and IBM Corporation.

Detailed Segmentation:

Global Smart Factory Market, By Component:
◦ Hardware
◦ Software
◦ Services

Global Smart Factory Market, By Market Structure:
◦ To Connect
‣ Wired and Wireless Networking
‣ Wide Area Networking (WAN)
‣ Local Area Networking (LAN)
‣ Machine-to-Machine Network

◦ To Collect
‣ Sensors
‣ Digital Measurement Devices
‣ Auto Identification Hardware

◦ To Analyse
‣ Data Historian
‣ Reporting
‣ Complex Event Processing
‣ Predictive Algorithm

◦ To Control
‣ Actuators
‣ Programmable Logic Controllers
‣ Smart Robotics
‣ Additive Manufacturing Equipment

Global Smart Factory Market, By Manufacturing Verticle:
◦ Automotive & Transportation
◦ Food & Beverage
◦ Electrical and Electronics
◦ Aerospace & Defense
◦ Oil & Gas
◦ Garment & Textile
◦ Chemical & Material
◦ Others ( Healthcare & Pharmaceutical)

Regional Segments in the Global Market:

• North America (United States, Canada, and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)

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Growth Potential:

The global Smart Factory market research looks at potential expansion in a variety of applications and geographies. This study investigates the impact of industry demographics and growth. The research examines preferred channels, domain drivers, and market dynamics in emerging markets. It is also subject to limitations. Prices, revenue, sales growth, and manufacturing costs have all been examined.

Research Methodology:

To validate the projected market figures, researchers used a robust research strategy that included data triangulation based on top-down and bottom-up methodologies, as well as primary research. The data used to estimate market size and forecast for various segments at the global, regional, and country levels is obtained from the most reputable public sources and key stakeholder interviews. A market's CAGR for a given expected time is derived by taking into account a number of components and their impact on the market. Market drivers, restraints, industry challenges, market and technology breakthroughs, trends, and so on are examples of these components.

Market Dynamics:

A number of important aspects shape the growth and development of the Market. These dynamics include market competition, governmental laws and regulations, trends in investment and funding, and environmental concerns. Technology development is a major factor in the expansion of the market. Smart Factory drivers and restraints are being improved by ongoing research and development in order to make them more effective, trustworthy, and commercially feasible. It is predicted that further developments in Smart Factory market technology will boost the technology's viability and commercial viability.

The analysis objectives of the report are:

- To determine the size of the Global Market by identifying its sub-segments.
- To research the key players and analyze their growth strategies.
- To assess the size and value of the Global Market based on key regions.
- To analyze the Global Market in terms of growth trends, potential, and participation in the overall sector.
- To investigate the Global Smart Factory Market size (volume and value) from the company, key regions/countries, products and applications, and background data.
- Primary Global Smart Factory Market manufacturers to specify, clarify, and analyze the product sales volume, value, and market share, market rivalry landscape, SWOT analysis, and future development plans.
- To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

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Reasons to buy:

✦ Smart Factory Market Report segments the market based on economic and non-economic aspects and offers a qualitative and quantitative analysis of the market.
✦ Market value (USD) information is provided for each segment and sub-segment in the Market study.
✦ The region and market segment identified in this study are those predicted to expand the fastest and account for the majority of market share.
✦ The Smart Factory Market Analysis by Geography emphasizes the product or service's consumption in the area and identifies the market-affecting variables for each region.
✦ The major players' market rankings, as well as the recent partnerships, service/product launches, business expansions, and acquisitions of the companies profiled, are all included in the competitive landscape.
✦ Extensive company profiles for the top market players, including business overview, company insights, product benchmarking, and SWOT analysis.
✦ The industry's present and upcoming market outlook in consideration of recent changes, including growth possibilities and drivers as well as obstacles and restrictions in both developing and emerging regions.
✦ The report offers comprehensive market analysis from a variety of angles using Porter's five forces analysis, as well as market insight using the Value Chain.

The report answers a number of crucial questions, including:

➥ Which companies dominate the global market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Smart Factory market economy globally?

Table of Contents with Major Points:

1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2030 (USD Billion)
1.2.1. Smart Factory Market, by Region, 2018-2030 (USD Billion)
1.2.2. Smart Factory Market, by Type, 2018-2030 (USD Billion)
1.2.3. Smart Factory Market, by Application, 2018-2030 (USD Billion)
1.2.4. Smart Factory Market, by Verticles, 2018-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Smart Factory Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Market Dynamics
3.1. Market Impact Analysis (2018-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Smart Factory Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2030)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Market, by Type
5.1. Market Snapshot
5.2. Global Market by Type, Performance – Potential Analysis
5.3. Global Market Estimates & Forecasts by Type 2018-2030 (USD Billion)
5.4. Market, Sub-Segment Analysis

6. Global Market, by Application
6.1. Market Snapshot
6.2. Global Market by Application, Performance – Potential Analysis
6.3. GlobalMarket Estimates & Forecasts by Application 2018-2030 (USD Billion)
6.4. Global Market, Sub-Segment Analysis
6.4.1. Others

7. Global Market, by Verticles
7.1. Market Snapshot
7.2. Global Market by Verticles, Performance – Potential Analysis
7.3. Global Market Estimates & Forecasts by Verticles 2018-2030 (USD Billion)
7.4. Market, Sub-Segment Analysis

8. Smart Factory Market, Regional Analysis
8.1. Market, Regional Market Snapshot
8.2. North America Market
8.3. Europe Market Snapshot
8.4. Asia-Pacific Market Snapshot
8.5. Latin America Market Snapshot
8.6. Rest of The World Market

9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Key players Key InDurationation Overview Financial (Subject to Data Availability) Product Summary Recent Developments

10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes

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