Predictive Maintenance Market to Reach $28.24 Billion
The global predictive maintenance market, valued at $28.24 billion by 2025, will grow at a CAGR of 37.9%. Demand for IoT and big data, along with rising concerns regarding asset maintenance and operational costs, is expected to drive the growth.
via Grand View
AI Deep Learning Transforms Industrial Manufacturing
According to the latest worldwide market study by ABI Research, the total installed base of AI-enabled devices in industrial manufacturing will reach 15.4 million in 2024 — with a CAGR of 64.8 percent from 2019 to 2024.
Collaborative Robot Adoption is Driven by Manufacturers
Guided by early innovators and adopters, the collaborative robotics market will become mainstream over the next 10 years. According to ABI Research, the yearly revenue for cobot arms will reach $11.8 billion by 2030 — that’s an increase from $711 million in 2019.
Factory Simulation Software Revenue will Reach $4.1 Billion
The market for factory simulation software products will grow at a compound annual growth rate of 11 percent to reach $4.1 billion for over 172,000 users in 2030, according to the latest worldwide market study by ABI Research.
Industrial Internet of Things Upside for Manufacturing
The Industrial IoT Platforms for Manufacturing report forecasts a compound annual growth rate (CAGR) of 40% over the time frame of 2019-2024, with annual spending surpassing $12.4 Billion by 2024.
via IoT Analytics
Industrial IoT for Manufacturing is Growing Rapidly
The Industrial IoT Platforms market is accelerating in 2019 as industrial manufacturers prioritize their transformation into IoT data-driven companies. Spending on Platforms-related software and services is forecast to grow at a rate of 40% per year until 2024.
via IoT Analytics
Digital Factory Investment will Reach $673 Billion
The manufacturing sector will undergo a transformation as new technologies enable innovative factory automation solutions. The ‘Digital Factory’ market will grow at a compound annual growth rate of 33 percent to reach $673 billion in 2026, according to ABI Research.
How Deep Learning Improves Machine Vision in Factories
Factory automation is evolving, once again. Machine vision technology remains popular in the manufacturing environment, due to its proven track record of results. However, the introduction of artificial intelligence (AI) technology and machine learning applications will transform many conventional factories.
Innovation Acceleration Technologies Drive IT Spending
Europe is the third largest geography for DX spending, after the United States and China. Four industries will be responsible for nearly 44 percent of the $256 billion in European DX spending in 2019 — discrete manufacturing ($39 billion), process manufacturing ($25 billion), retail ($26 billion), and utilities ($23 billion).
Top 10 Worldwide Robotics Market Predictions
IDC robotics analysts worldwide worked collaboratively on the identification of the top 10 robotics predictions, bringing together the collective knowledge of their regions, industry verticals, and data points of how technology is being deployed across all industries as well as consumers.
via IDC
Flipboard
Transmedia Newswire 
You must be logged in to post a comment.