The Global Smart Manufacturing Platform market is expected to reach $14.45 million by 2026 growing at a CAGR of 18.5% during 2018 to 2026.
Smart manufacturing is a broad category of manufacturing that employs computer-integrated manufacturing, high levels of adaptability and rapid design changes, digital information technology, and more flexible technical workforce training. Smart manufacturing platform generally finds its application in predictive maintenance, asset management, condition monitoring, and performance optimization. It propels data insights towards the path of direct action and creates competitive advantage. Some of the factors such as increasing adoption of industry 4.0 solutions are fuelling the market growth. However, lack of skilled IoT workforce and frequent software upgrade is restraining the market growth.
Based on the Type, the Device Management segment has witnessed significant growth due to the growth in automation is resulting in the increasing implementation of IoT devices in various applications. Effective device management is essential for monitoring & maintaining the health, connectivity, and security of IoT devices. Device management platform enables users to track, monitor, and manage IoT devices.
Key Questions Answered in this Report:
How this market evolved since the year 2016
Market size estimations, forecasts and CAGR for all the segments presented in the scope
Key Market Developments and financials of the key players
Opportunity Analysis for the new entrants
SWOT Analysis of the key players
Fastest growing markets analyzed during the forecast period
Key Topics Covered:
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Manufacturing Platform Market, By Type
5.1 Introduction
5.2 Device Management
5.3 Connectivity Management
5.4 Application Enablement Platform
6 Global Smart Manufacturing Platform Market, By Deployment Type
6.1 Introduction
6.2 On-Premises
6.3 Cloud
7 Global Smart Manufacturing Platform Market, By Application
7.1 Introduction
7.2 Performance Optimization
7.3 Asset and Condition Monitoring
7.4 Other Applications
8 Global Smart Manufacturing Platform Market, By End User
8.1 Introduction
8.2 Process Industry
8.3 Discrete Industry
9 Global Smart Manufacturing Platform Market, By Geography
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