Smart Manufacturing Platform Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The smart manufacturing platform market is expected to grow from $4.4 billion in 2019 to $10.9 billion in 2024. It is expected to grow at an average annual growth rate (CAGR) of 19%. Growing demand for streamlined and automated data to increase productivity and reduce operating costs, government support for industrial automation, and the growth of industrial automation in various industries are some of the driving forces of the market.

Key Market Players

Major players in the Smart Manufacturing Platform Market include Microsoft Corporation (Microsoft, US), IBM Corporation (IBM, US), PTC Inc. (PTC, US), SAP SE (SAP, Germany), Hitachi, Ltd. (Hitachi, Japan), Amazon.com, Inc. (Amazon, US),  Siemens AG (Siemens, Germany), Schneider Electric SE (Schneider Electric, France), ABB Group (ABB, Switzerland), Emerson Electric Co. (Emerson, US), Fujitsu Ltd. (Fujitsu, Japan), Accenture plc (Accenture, Ireland), Robert Bosch GmbH (Bosch, Germany), Oracle Corporation (Oracle, US),  Cisco Systems, Inc. (Cisco), Rockwell Automation, Inc. (Rockwell, US), Atos SE (Atos, France), C3 IoT (US), Telit Communications PLC (Telit, UK), Software AG (Germany), Seebo Interactive Ltd. (Seebo, US), QiO Technologies (QiO, UK), Altizon Systems (Altizon, US), Losant (US), Litmus Automation (US), and Flutura Decision Sciences and Analytics (Flutura, US).

Smart Manufacturing Platform Market- Segmentation

By type

• Device Management
• Connectivity Management
• Application Enablement Platform

By application  

• Performance Optimization
• Condition Monitoring

By industry

• Process Industry
• Automotive
• Electronics & Semiconductors
• Aerospace & Defence
• Medical Devices
• Industrial Manufacturing
• Discrete Industry
• Food & Beverages
• Metals & Mining
• Power Generation
• Oil & Gas
• Chemicals
• Pharmaceuticals

By deployment type

• Cloud
• On-site

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Smart Manufacturing Platform Market Report

• What was the Smart Manufacturing Platform Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Smart Manufacturing Platform Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Smart Manufacturing Platform Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.