#Industry #Market #Size #Attain #USD #Billion
LOS ANGELES , Oct. 21, 2022 (GLOBE NEWSWIRE) — The Global Industry 4.0 Market Size accounted for USD 68.2 Billion in 2021 and is estimated to achieve a market size of USD 261.9 Billion by 2030 growing at a CAGR of 16.3% from 2022 to 2030.
Industry 4.0 Market Statistics
- Global industry 4.0 market value was USD 68.2 Billion in 2021 and expected to grow at CAGR of 16.3% from 2022 to 2030
- From 2016 to 2020, the proportion of manufacturers that are predicted to be highly digitalized increased from 33% to 72%
- North America industry 4.0 market revenue gathered about 30% market share in 2021
- Asia-Pacific industry 4.0 market growth will record noteworthy CAGR throughout the forecast timeframe from 2022 to 2030
- As per a recent survey, first-wave IIoT users might gain a 30% progress in productivity
- Based on vertical, automotive segment accounted for around 22% of the overall market share in 2021
- Surging adoption of industrial IoT is a popular industry 4.0 market trend that is fueling the industry demand
Industry 4.0 Market Growth Factors
- Growing demand for industrial automation
- Rising SME’s emphasis in digital transformation initiatives
- Growing implementation of blockchain among manufacturing industry
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Industry 4.0 Market Report Coverage:
| Market | Industry 4.0 Market | |
| Industry 4.0 Market Size 2021 | USD 68.2 Billion | |
| Industry 4.0 Market Forecast 2030 | USD 261.9 Billion | |
| Industry 4.0 Market CAGR During 2022 – 2030 | 16.3% | |
| Industry 4.0 Market Analysis Period | 2018 – 2030 | |
| Industry 4.0 Market Base Year | 2021 | |
| Industry 4.0 Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Technology, By Vertical, And By Geography | |
| Advanced Analytics Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | Maschinenfabrik Reinhausen GmbH, General Electric Company, SAS, Siemens AG, osch Rexroth AG, Wittenstein AG, Festo AG & Co. KG, Wittenstein AG, Klöckner &… | |
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