[FURL=https://www.industryarc.com/Report/17938/industry-4-equipments-market.html]Industry 4.0 Equipment Market[/FURL] is forecast to reach $120.6 billion by 2025, growing at a CAGR 12.6% from 2020 to 2025. Industry 4.0 is a term that describes a group of rapid changes in the design, manufacture, operation and service of production systems and products. Industry 4.0 is the broad transformation of the whole industrial production ecosystem by combining digital technology and the internet with conventional industry. Industry 4.0 equipment is notable for its extensive generation and use of 'big data,' facilitated by constant, widespread internet connectivity. As LPWANs proliferate in factories, warehouses and industrial campuses, the supply chain will increasingly be able to share real-time monitoring data with sophisticated cloud analytics software about products, inventories and assets. The increasing number of investments by vertical end-users and the global acceptance of technology innovation to improve operational efficiency, collaboration between humans and machines are driving the growth of the market of the industrial internet of things, which in turn affects the growth of the market of Industry 4.0 Equipment.Key Takeaways
The increasing number of investments made by vertical end-users and the global acceptance of technology innovation to improve operational efficiency, collaboration between humans and machines is driving the growth of the industrial internet of things market, which in turn affects the growth of the Industry 4.0 Equipment market.
The major factors that make APAC a dynamic region for Industry 4.0 are government initiatives, R&D funding and an extensive industrial base, with Japan and China being the major contributors.
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By Geography - Segment Analysis
APAC is expected to dominate the global Industry 4.0 Equipment market with a share of more than 34.5%. Increasing robotics adoption in countries such as China, Japan, and South Korea is the major factor for the Industry 4.0 equipment market to grow. The APAC market is also expected to grow at the fastest rate. The major factors that make APAC a dynamic region for Industry 4.0 are government initiatives, R&D funding and an extensive industrial base, with Japan and China being the major contributors.
Drivers – Industry 4.0 Equipment Market
A significant rise in the adoption of industrial internet :
Industry 4.0 and Interactive Robots :
Market Landscape: Industry 4.0 Equipment Market is expected to be dominated by major companies such as Bosch Rexroth AG, Hewlett Packard Enterprise Company, Oculus VR, ABB Ltd., General Electric Company, Stratasys Ltd., Mitsubishi Electric Corp., Intel Corp., Microsoft Corporation and others.
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