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Smart Manufacturing Platform Market 2020 Future Trends, Dynamic Growth & Forecast To 2028 | Microsoft Corporation, IBM Corporation, Hitachi, Ltd., Amazon.com, Inc., Siemens AG, Schneider Electric SE, ABB Group

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The Global Smart Manufacturing Platform Market is projected to reach USD 29.15 billion by 2028, growing at a CAGR of 22.3% during the forecast period. A smart manufacturing platform makes use of computer integrated manufacturing with high levels of adaptability. Smart manufacturing enables to make rapid changes in design, unlike conventional processes. It employs the use of digital information technology & allows flexible training of the workforce. This can be used in the case of Smart Factory which has interoperable systems, smart cybersecurity, highly accurate automation systems, and networked sensors.

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Smart manufacturing platform technology enables an operator to keep a check on production process by connecting internet enabled equipment and devices on single platform. Smart manufacturing platform enables to not only check and monitor device performance, but also helps in optimizing the overall performance. The eventual goal of implementing smart manufacturing platform is to identify chances for automated performance, and by the use of data analytics, to improve manufacturing efficiency.

The Global Smart Manufacturing Platform Market Analysis to 2028 is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart manufacturing platform market with detailed market segmentation by type, deployment, application, end-use industry and geography. The global smart manufacturing platform market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart manufacturing platform market players and offers key trends and opportunities in the market.

Key Factors Impacting the Growth of Smart Manufacturing Platform Market:

o Increased use in process industries owing to high efficiency, low costs & less dependence on manpower
o Increasing use of IOT based systems
o Changing population job choices with a reduction in the desirability of menial jobs

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Key Developments in the Smart Manufacturing Platform Market:

o In June 2018, PTC (US) and Rockwell Automation, Inc. (US) announced a definitive agreement for a strategic partnership to accelerate the growth of both companies
o In July 2018, Siemens (Germany) and Alibaba Cloud (China) entered into a partnership to foster the industrial Internet of Things (IIoT) in China
o In July 2018, GE (US) and Microsoft (US) entered into their largest partnership to date, accelerating industrial IoT adoption for customers
o In December 2018, Fujitsu (Japan) announced a strategic collaboration with Amazon Web Services (US) enabling its customers to move their IT estates to the market-leading AWS Cloud

o In April 2018, Microsoft (US) and C3 IoT (US) entered into an allied partnership to introduce new technology developments that accelerate enterprise AI and IoT application development

Regional Outlook:

Some of the important industries in APAC include automotive, electronics, power & energy, chemical, and oil & gas. Countries such as China, Japan, South Korea, and India have undertaken numerous initiatives to encourage the implementation of IIoT in their respective domestic industries. Increasing government initiatives to adopt advanced automation technologies creates an opportunity for this market. Also, the increasing interests of smart manufacturing platform providers by collaborating with cloud service providers to expand their presence in APAC is one of the vital opportunity in this market.

Major Market Players:

Major Companies profiled in the report which are key players in the global smart manufacturing platform market include Microsoft Corporation, IBM Corporation, PTC Inc., SAP SE, Hitachi, Ltd., Amazon.com, Inc., Siemens AG, Schneider Electric SE, ABB Group, Emerson Electric Co., Fujitsu Ltd., Accenture PLC, Robert Bosch GmbH, Oracle Corporation, Cisco Systems, Inc., Rockwell Automation, Inc., Atos SE, C3 IoT, Telit Communications PLC, Software AG, Seebo Interactive Ltd., QiO Technologies, Altizon Systems, Losant, Litmus Automation, and Flutura Decision Sciences, and Analytics.

Market Segmentation:

By Type:
o Device & Connectivity Management
o Application Enablement

By Application:
o Performance
o Optimization
o Asset & Condition Management

By End-Use Industry :
o Oil & Gas
o Chemical
o Energy & Power
o Food & Beverages
o Pharmaceuticals
o Metals & Mining
o Electrical & Electronics
o Others

By Region:

o North America
By Country (US, Canada, Mexico)
By Type
By Application
By End-Use Industry

o Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Application
By End-Use Industry

o Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Application
By End-Use Industry

o Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Application
By End-Use Industry

o Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By Application
By End-Use Industry

o Rest of the World
By Region (South America, Africa)
By Type
By Application
By End-Use Industry

Reasons to Buy This Report:

o Market size estimation of the global smart manufacturing platform market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the smart manufacturing platform market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the smart manufacturing platform market.

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

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Quince Market Insights
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