Orbis Research Present’s Global Digital Transformation Market in Manufacturing enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage
The Global Digital Transformation in Manufacturing Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX% during the forecast period of 2017 – 2022.
The manufacturing Industry is under the influence of the extensive digital transformation with the rapid technological change in their processes. With the advent of innovation in the technologies like Big Data, ICT based Logistics services, Analytics, Mobility and Social Media, the industries are computing on the customer success. To attain the greater level of automation, the digital transformation is inherited in their processes with the implementation of advanced technologies like 3D printing, miniature sensors, intelligent robots, autonomous drones and others. The ongoing revolution of networking through Internet of Things, Services, People and Data has led to a term called Industry 4.0 that includes Horizontal Integration, Vertical Networking, Constant Engineering and Technological Acceleration. The manufacturing companies who have already positioned themselves to this digital transformation are experiencing improved competitiveness, reduced risks, innovative opportunities, skilled personnel and enhanced transformation in logistics, production, warehousing, purchasing and procurement.
Google is at the centre of Digital Transformation with its first industrial business model. It has considered manufacturing to be the future growth sector with extensive R&D including purchase of eight robotic firms, investment in drones, equity investment in satellite manufacturer, testing of autonomous vehicles and various manufacturing industry related pilot projects. Companies like Microsoft along with Miele, a German manufacturer of high-end appliances is fuelling digital transformation market with smart machines and cloud based data systems.
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The market is mainly driven by the increased need of customer success at every level of customer interaction and the process transparency across the regions. The need for automation, reduced risks, reduced wastage, enhanced efficiency in processes, improved skill, innovative logistic services are some of the driving forces for this market.
The digital transformation market is segmented on the basis of Solution (Digital Data, Automation, Connectivity, Digital Customer Success), Type (Digital Software and Digital Services), Deployment (On-Premise, Hosted) and Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).
Europe is the largest contributor to this market due to the presence of world class manufacturing facilities and Germany caters more than 20% of its economic output for manufacturing. North America is the second largest market with US contributing the majority share and the region is characterized by enterprise mobility and smart technology.
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The growth of Middle East and Africa market is characterized by increasing smart city and e-Government initiatives with the aim to address themselves as digital enabled countries. Saudi Arabia is leading the Middle East and Africa market with over 30% of the market share followed by UAE. The digital transformation market is competitive with entry of niche players. The major players in this market include Accenture, Google, Capgemini, Siemens, IBM, Microsoft, Delloite, PWC, HP, SAP AG, EMC, Oracle, Adobe and others.
Key Points Covered in Global Digital Transformation in Manufacturing Market Report:
- Research Methodology
- Executive Summary
- Market Overview
- Market Dynamics
- Global Digital Transformation Market Segmentation, Forecasts and Trends
- Vendor Market Share Analysis
- Competitive Intelligence – Company Profiles
- Investment Analysis
- Future of Global Digital Transformation Market