San Francisco, 3
October 2018: The North
America digital transformation in manufacturing market size
is expected to reach USD 25.70 billion by 2025, according to a new report by
Grand View Research, Inc., rising at a CAGR of 17.2% during the forecast
period. The manufacturing industry is inclined towards deploying digital
manufacturing solutions that offer greater efficiency and productivity and
minimize manufacturing costs.
Artificial Intelligence (AI) is the driving
factor behind modernization of manufacturing procedures, which is being
undertaken to help make smarter real-time production decisions. Integration of
AI and robotics to improve productivity of manufacturing processes is a major
trend that is being currently observed in the market.
Manufacturing companies in the region are
shifting their focus from large-scale manufacturing to customized
manufacturing. Since customers are increasingly demanding tailor-made products,
manufacturing companies are making efforts to fulfill these demands in real
time. In response to the growing trend, manufacturing companies are adopting
Industry 4.0 standards that include cyber-physical systems to monitor processes
in factories and make decentralized decisions.
Moreover, use of drones for product
delivery is an emerging trend in the region. Drones are considered to be the
future of last-mile delivery for consumer goods as they are cost effective and
also assist in reducing delivery time. For instance, in December 2016,
Amazon.com, Inc. launched the Amazon Prime Air project in the U.S., which involved
use of drones for delivering products within 30 minutes.
Access
Research Report of North America Digital
Transformation in Manufacturing Market @ www.grandviewresearch.com/industry-analysis/north-america-digital-transformation-manufacturing-market
Further key findings from the report suggest:
· The presence of a large number of key
providers of digital transformation in the region is one of the key factors
supporting the growth of the market
· The solution segment is expected to account
for the largest market share over the forecast period. On the other hand, the
service segment is anticipated to register a CAGR of 18.3% from 2018 to 2025
owing to increasing demand for managed and professional services that offer
information on new technologies introduced for production processes
· The hosted deployment segment is expected
to witness the highest growth over the forecast period. It is estimated to
register a CAGR of 20.2% during the forecast period as it facilitates a virtual
presence that enables organizations to access data across connected devices at
any point of time
· The large enterprise segment is expected to
account for the largest market share over the forecast period and is
anticipated to progress at a CAGR of 16.0% from 2018 to 2025 owing to huge
investments of such enterprises in advanced technologies to cope with changing
industry dynamics
· The U.S. is anticipated to continue to
dominate the market over the forecast period and is estimated to reach USD
19.53 billion by 2025 owing to increasing government initiatives for deploying
digital manufacturing process in SMEs to increase production efficiency and
gain a competitive edge
· Key industry participants include ABB Ltd.;
Dassault Systemes; Emerson Electric Co.; Fanuc Corporation; General Electric
Company; Honeywell International, Inc.; Mitsubishi Electric Corporation;
Rockwell Automation, Inc.; Robert Bosch GmbH; Schneider Electric SE; Siemens
AG; and Yokogawa Electric Corporation.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the North
America digital transformation in manufacturing market on the basis of type,
deployment, enterprise size, and country:
North America Digital Transformation in
Manufacturing Type Outlook (Revenue, USD Billion, 2014 - 2025)
·
Solution
o
Analytics
o
Cloud Computing
o
Mobility
o
Social Media
o
Others
·
Service
o
Implementation and Integration Services
o
Professional and Consulting Services
North America Digital Transformation in
Manufacturing Deployment Outlook (Revenue, USD Billion, 2014 - 2025)
·
Hosted
·
On-premise
North America Digital Transformation in
Manufacturing Enterprise Size Outlook (Revenue, USD Billion, 2014 - 2025)
·
Large Enterprise
·
Small & Medium Enterprise (SME)
North America Digital Transformation in
Manufacturing Country Outlook (Revenue, USD Billion, 2014 - 2025)
·
U.S.
·
Canada
Access Press Release of
North America Digital Transformation in Manufacturing Market@ www.grandviewresearch.com/press-release/north-america-digital-transformation-manufacturing-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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