Global Digital Transformation In Manufacturing Market by Type (Robotics, IoT, 3D Printing and Additive Manufacturing, Cybersecurity, Others), By Application (Chemicals, Food and Beverage, Automotive, Food & Beverages, Semiconductor, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global digital transformation in manufacturing market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced technologies, such as robotics, IoT, 3D printing and additive manufacturing, and cybersecurity in the manufacturing sector. Additionally, the growing trend of Industry 4.0 is also propelling the growth of this market.



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Product Definition:

Digital transformation is the process of transforming an organization's business model and operations through the use of digital technologies. The goal of digital transformation is to improve performance, agility, and competitiveness by exploiting new opportunities created by technology advances and changes in the way customers behave.

The term "digital transformation" has been used in a variety of ways, but at its core it represents a fundamental shift in how businesses operate. In many cases, this means moving away from traditional hierarchies to more decentralized models that rely on collaboration across organizational boundaries. It also means embracing new technologies such as big data analytics, cloud computing, mobile devices, social media and the Internet of Things (IoT).

Robotics:

Robotics is the branch of science and technology that deals with the study, development, and use of automatic systems. In a broad sense, robotics can be defined as the production support technology used in manufacturing facilities to increase operational efficiency. However, more accurately robotics is referred to as factory automation using principles of artificial intelligence and machine learning by performing tasks which are normally performed by humans.

IoT:

IoT is the interconnection of machines through networked technology. It helps in improving operational efficiency and enhancing productivity by enabling real-time data sharing among machines, people, processes and systems. The technology has evolved over time with improved connectivity to support more devices at a distance apart from just sensors as in earlier versions. Nowadays IoT supports smart appliances along with connected vehicles that can be controlled remotely using mobile phones or computers thus making life easier and convenient for users.

Application Insights:

The chemicals segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The chemical sector has been particularly affected by digital technologies such as robotics, analytics, and cloud computing that have enabled manufacturers to reduce costs, increase productivity, improve customer experience and brand image among others.

The food & beverage industry is one of the leading adopters of these technologies owing to its requirement for flexibility along with high production volumes. The introduction of smart tools such as sensors has helped manufacturers monitor conditions inside processing plants from a control room which enables real-time data transmission enabling better decisions on process optimization thus driving demand across all applications globally.

Regional Analysis:

The North American region is anticipated to lead the global market in 2018. The presence of a large number of industry participants and early adoption of technologies such as IoT, robotics, 3D printing and others are some factors driving regional growth. The U.S., being the largest consumer market in North America has led to an increased focus on digital transformation across all manufacturing industries there.

Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing investments from various governments for improving industrial infrastructure coupled with rising demand for cost-effective solutions from manufacturers operating within this region. Furthermore, growing awareness among end users regarding benefits offered by these technologies will drive demand further over the next eight years  in this region alone Digital Transformation In Manufacturing Market By Application And Region (North America, Europe) Source: Gartner Inc.

Growth Factors:

Increased demand for customized products: As consumers become more discerning, they are demanding products that are tailored to their specific needs and preferences. This is driving manufacturers to adopt digital technologies that allow them to quickly and easily create customized products.
The need for greater efficiency and productivity: Manufacturers are under pressure to increase efficiency and productivity in order to remain competitive. Digital transformation can help them achieve this goal by automating processes and improving communication between departments.
The rise of the millennials workforce: A large percentage of the manufacturing workforce is now made up of millennials, who have different expectations and demands when it comes to technology use in the workplace. Manufacturers that fail to adopt digital technologies will find it difficult to attract and retain this generation of workers.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Transformation In Manufacturing Market Research Report
By Type
Robotics, IoT, 3D Printing and Additive Manufacturing, Cybersecurity, Others
By Application
Chemicals, Food and Beverage, Automotive, Food & Beverages, Semiconductor, Others
By Companies
Cisco Systems Inc, Microsoft Corporation, Intel Corporation, IBM Corporation, Siemens AG, SAP SE, Broadcom, Oracle Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric, ABB Ltd, Baker Hughes, AspenTech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.

Global Digital Transformation In Manufacturing Market Report Segments:
The global Digital Transformation In Manufacturing market is segmented on the basis of:
Types
Robotics, IoT, 3D Printing and Additive Manufacturing, Cybersecurity, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemicals, Food and Beverage, Automotive, Food & Beverages, Semiconductor, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Cisco Systems Inc
Microsoft Corporation
Intel Corporation
IBM Corporation
Siemens AG
SAP SE
Broadcom
Oracle Corporation
Schneider Electric SE
Mitsubishi Electric Corporation
General Electric
ABB Ltd
Baker Hughes
AspenTech



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Highlights of The Digital Transformation In Manufacturing Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Robotics
IoT
3D Printing and Additive Manufacturing
Cybersecurity
Others
By Application:
Chemicals
Food and Beverage
Automotive
Food & Beverages
Semiconductor
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Digital Transformation In Manufacturing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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