According to a new report, published by KBV research, The Global Industry 4.0 Market size is expected to reach $195.8 billion by 2028, rising at a market growth of 19.9% CAGR during the forecast period.
The Industrial Robots market is showcasing a CAGR of 19% during (2022 - 2028). Industrial robots automate monotonous activities, cut error margins to extremely low levels, and free up human workers to concentrate on more profitable aspects of the business. Robotic process automation in production enables businesses to maintain their competitiveness on a global scale by providing an effective, workable substitute for offshore and closing the skills gap.
The North America market dominated the Global Industry 4.0 Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $56 billion by 2028. The Europe market is anticipated to grow at a CAGR of 19.2% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 20.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/industry-4-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Advantech Co., Ltd., Basler AG, Cisco Systems, Inc., Cognex Corporation, Daifuku Co., Limited, Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., and IBM Corporation.
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By Geography
Companies Profiled
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