According to the report analysis, ‘Europe Industry 4.0 Market 2020-2030 by Component (Hardware, Software, Service), Technology (Robotics, IIoT, AI & ML, Blockchain, ER, 3D Printing, HMI), Application, Industry Vertical, Enterprise Size, and Country: Trend Forecast and Growth Opportunity’ states that it is predicted that Europe Industry 4.0 market is growing during the review period owing to the enhanced operational efficiency and productivity, growing R&D investment, and proficient technological advancements in Internet of Things (IoT), 3D printing industry, 5G network, Artificial Intelligence (AI), big data, extended reality comprising AR & VR, and machine learning.
ABB Ltd., Cisco Systems, Inc., Cognex Corporation, Denso Corporation, Emerson Electric Company, Fanuc Corporation, General Electric Company, Hewlett Packard Enterprise Company, Honeywell International Inc., Intel Corporation, International Business Machines Corporation, Johnson Controls International PLC, Microsoft Corporation, Mitsubishi Electric Corp, Qualcomm Technologies, Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric, Swisslog Holding AG (Kuka AG) and many more are the foremost companies which presently working in the Europe Industry 4.0 market more proficiently for keep maintaining the governing position, ruling around the globe, leading the highest market growth, registering the great value of market share, and generating the highest percentage of revenue by implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of industry 4.0, employing the young and active personnel, improving the qualitative and quantitative measures of such, delivering the better customer satisfaction, analysing the strategies and policies of government as well as contenders, and establishing the several research and development programs.
The growing adoption of the industrial internet worldwide, implementation of industrial robots in manufacturing sectors, industrial segments, pharmaceuticals, and healthcare sectors, growing development in 3D printing technologies, application of AI and IoT in several areas at higher levels will boost Industry 4.0 Market growth throughout the forecasted period.
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An increment in the adoption of the industrial internet is one of the proficient factors projected to propel the growth of the global Industry 4.0 Market in the forecasted duration. Additionally, the augmenting adoption of automation for high-quality production is projected to assure the market’s growth in the next few years. The growing focus on efficiency and decreasing the cost of production, augmenting the adoption of digital technology across the industry, and increasing adoption of automation for quality production are further propelling the market growth.
With Industry 4.0 in the manufacturing industry, several industrial plants are implementing digital technologies to automate, improve, and modernize the whole procedure, therefore, enhancing the performance metrics of the plants. Robots’ automation in Manufacturing industries automate repetitive tasks, decrease margins of error to nominal rates, and enable workers to aim on productive locations of the operation. Automation in manufacturing allows companies to remain competitive globally, proposing a compelling, viable alternative to fulfil the skills gap. The augment in awareness among individuals concerning the benefits of utilizing the industry 4.0 is expected to propel the global market growth further.
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Europe Industry 4.0 Market Major Players
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