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Industry 4.0 Market Size Will Attain USD 261.9 Billion by

#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 &…

Read on GNW: Industry 4.0 Market Size Will Attain USD 261.9 Billion by

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