Industry 4.0 or the fourth industrial revolution represents a new phase of transformation in the manufacturing and related value chains. The Industrial Internet of Things (IIoT), Artificial Intelligence (AI), Machine Learning (ML), Augmented Reality (AR), Virtual Reality (VR), additive manufacturing, analytics, simulation, blockchain, cybersecurity, cloud and edge computing, digital twins and robotics contribute to this transformation, which is characterized by interconnectivity, automation and complete digital transformation.
Due to numerous advantages to businesses, including enhanced flexibility, agility, visibility, quality, efficiency, and control, Industry 4.0 adoption is gaining substantial traction on a global scale. However, enterprises are facing several challenges in scaling up their Industry 4.0 initiatives, such as the lack of a strategic approach to implementation, technological complexity, costs, and unavailability of talent. Service providers are stepping in to address these issues and provide a wide range of solutions, significantly advancing the adoption of Industry 4.0 in businesses.
This report looks at the dynamism of the global Industry 4.0 market. The scope of this report covers the segments below – market overview, emerging trends in the market, and Industry 4.0 services outsourcing landscape.
Scope:
All industries and geographies
Contents:
The study is divided into the following three sections:
- Market overview: observes market size across key service areas and adoption levels across industry verticals
- Emerging trends: studies some of the overarching industry themes
- Outsourcing landscape: includes spend analysis, engagement models, and competitive investments from service providers
Membership (s)
Engineering Services
Sourcing and Vendor Management
