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Industry 4.0 Market 2017 - Global Forecast to 2022: Industrial Robotics, Cyber Security, IofT, 3D Printing, Advanced Human-Machine Interface, Big Data, Augmented Reality & VR, AI - Research and MarketsResearch and Markets has announced the addition of the "Industry 4.0 Market by Technology, Vertical, Region - Global Forecast to 2022" report to their offering. The overall Industry 4.0 market was valued at USD 66.67 billion in 2016 and is expected to reach USD 152.31 billion by 2022, at a CAGR of 14.72% between 2017 and 2022 Increasing adoption of industrial Internet and increased focus on efficiency and cost of production plays a significant role in the growth of the Industry 4.0 market. However, lack of cost-benefit analysis and a shortage of skilled workforce are key factors limiting the growth of this market. Artificial Intelligence (AI) constitutes various technologies, which are vital in developing the ecosystem. As AI enables machines to perform activities as that of human beings, it has opened up enormous opportunities in the Industry 4.0 market. NVIDIA (News - Alert) Inc. (US) and FANUC Corporation (Japan) have entered into a collaboration to implement AI on the FANUC Intelligent Edge Link and Drive (FIELD) system to increase robotics productivity and bring new capabilities to automated factories worldwide. Adding AI to the FIELD system will give robots the ability to teach themselves to do tasks faster and more efficintly. Industry 4.0 in the automotive sector has several advantages such as self-monitoring capabilities, network flexibility, capacity for customizations, and an agile supply chain. Industry 4.0-enabled plants will have robust monitoring systems to identify potential maintenance issues. Industry 4.0 gives auto manufacturers the option to customize individual vehicles, and shorten the delivery time for these vehicles. The implementation of technologies such as IoT, industrial robotics, and cyber security has made this sector to have the largest market share. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry 4.0 Market, By Technology 7 Industry 4.0 Market, By Vertical 8 Geographic Analysis 9 Competitive Landscape 10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mk8hdz/industry_4_0
View source version on businesswire.com: http://www.businesswire.com/news/home/20170526005426/en/ |
