PORTLAND, OREGON — A report titled “Global Opportunity Analysis and Industry Forecast, 2022-2031” was recently published by Allied Market Research. The report covers the Industry 4.0 Market, including technology such as Industry Automation, 3D Printing, Digital Twin, Artificial Intelligence (AI) and Machine Learning (ML), Blockchain, Extended Reality (XR), Industrial Internet of Things (IIoT), and others.
End-users in the market include Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Food and Beverages, Aerospace and Defense, and others.
The report reveals that the industry generated $113.39 billion in 2021 and is projected to reach $618.39 billion by 2031, with a CAGR of 18.8% from 2022 to 2031.
The report provides a comprehensive analysis of market trends, key segments, investment opportunities, value chains, regional landscapes, and competitive scenarios.
Factors such as the rise in adoption of industrial robots and increase in deployment of additive manufacturing primarily drive the growth of the industry 4.0 market.
However, expensive deployment costs of industrial robots and complications in integration and interoperability of Industrial robot hamper the market growth to some extent.
Moreover, an increase in adoption of 5G in the field of cloud automation is expected to provide lucrative opportunities for the market growth during the forecast period.
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