“Global Digital Transformation Market Research Report 2019-2024”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The Digital Transformation In Manufacturing Market is expected to register a CAGR of over 15.59% during the forecast period 2019 – 2024. With the advent of industry 4.0 in the manufacturing industry, various plants are fostering digital technologies to enhance, automate, and modernize the whole process.
Companies Include are:
awasaki Robotics, Mitsubishi Electric Corporation, Schneider Electric SE, Fanuc Corporation, Denso Corporation, General Electric Co., ABB Ltd
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Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.
In 2017, the building wall application dominated the market with a share of around 60%.
Scope of the Report
Digital transformation in the manufacturing industry addresses various global issues within the manufacturing industry, including the manufacturing companies modernizing their supply chain through big data and GPS tracking, which not only helps in data-driven planning but also provide a competitive advantage over counterparts and stay ahead in the market.
Key Market Trend
Robotics is Expected to Register a Significant Growth:-
Improved efficiency, and a reduction in production costs, when compared to conventional manufacturing processes, are boosting the adoption of automation technology, which is driving the digital transformation across the manufacturing segment. The application of robots in manufacturing increases efficiencies from raw material handling, to finished product packing. These robots are programmed to operate 24/7, and also can be customized to perform complex functions.
The adoption of robots in manufacturing plants aids the smart machinery in identifying irregularities and can help fix mechanical issues without any human intervention, allowing the company to increase efficiency and minimize delays.
North America is Expected to Hold Major Share :-
Modern manufacturing facilities in the United States rely on new technologies and innovations, in order to produce higher quality products at a significant rate, with lower costs. In order to survive in the current competitive scenario, companies in the region are adopting sophisticated and intelligent solutions.
According to RIA estimates, about 250,000 robots are being used in the United States, behind only Japan and China. In the United States, manufacturing accounts for USD 2.17 trillion in annual economic activity, and more than 98% of US manufacturers qualify as small businesses.
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Essential points covered in Global Digital Transformation Market 2019 Research are:-
- What will the Digital Transformation market size and the growth rate be in 2024?
- What are the key factors driving the Global Digital Transformation market?
- What are the key market trends impacting the growth of the Global Digital Transformation market?
- What are the challenges to Digital Transformation market growth?
- Who are the key vendors in the Global Digital Transformation market?
- What are the market opportunities and threats faced by the vendors in the Global Digital Transformation market?
- What are the key outcomes of the five forces analysis of the Global Digital Transformation market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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