Industry 4.0 Market Growth, Recent Trends, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027

September 1, 2021

The best of both research techniques including qualitative and quantitative are applied to gauge the market size, share, and growth rate. The global industry 4.0 market size was USD 71.63 Billion in 2019 and is projected to reach USD 240.55 Billion by 2027, at a CAGR of 16.3% during the forecast period. Smooth functioning of worldwide supply chains is essential for global economic growth, but face certain efficiency problems owing to time zones and distances. Industry 4.0 provides interconnection of businesses from various regions to resolve communication issues between business organizations and improve the customer-supplier relationship.

The latest market intelligence report, titled ‘Global Industry 4.0 Market, is intended to provide the target audience with the necessary information about the global Industry 4.0 Market industry. The report comprises a detailed analysis of the vital elements of the Industry 4.0 Market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Industry 4.0 Market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by Reports and Data, is a detail-oriented compilation of the crucial aspects of the Industry 4.0 Market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.

This report is the latest document encompassing the massive changes that took place in the Industry 4.0 Market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Industry 4.0 Market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era. The report also offers an initial and future impact assessment of the pandemic on the Industry 4.0 Market industry. Hence, the vital COVID-19 insights offered by the report are expected to help organizations manage their businesses effectively in extreme economic uncertainties.

Segments Covered in this Report

Technology Outlook (Revenue, USD Million; 2017–2027)

Artificial Intelligence

Internet of Things

3D Printing

Augmented Reality

Virtual Reality

Blockchain

Industrial Robotics

Digital Twin

Industrial Metrology

Others

Industry Vertical Outlook (Revenue, USD Million; 2017–2027)

Manufacturing

Energy & Utilities

Chemical

Transportation

Pharmaceutical

Metals

Consumer Electronics

Others

Regional Outlook (Revenue, USD Million; 2017–2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

You Can Download Free Sample PDF Copy of Industry 4.0 Market at https://www.emergenresearch.com/request-sample/482

Regional Landscape

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Highlights of Report

Due to increasing implementation of AI-driven applications in the banks, including customer relationship management (CRM), data analytics & visualization, and chatbot to enhance customer experience and back-office activities, the software segment is projected to register a significant revenue CAGR of 43.1% during the forecast period.

In terms of market share, the deep learning & machine learning segment is expected to lead among the other technology segments in the global AI in the banking market during the forecast period due to growing adoption of deep learning & machine learning approach for risk assessment in banks.

Increasing need to optimize customer engagement by introducing AI-driven virtual assistance and provide 24/7 customer services and answer customer queries and grievances is expected to contribute to revenue growth of the customer service segment in the global AI in the banking market during the forecast period.

Due to growing need to offer improved customer service in the banking industry, the Chatbot segment is projected to lead in terms of revenue share in the global AI in the banking market during the forecast period.

Factors such as growing emphasis of banks in countries in North America on enhancing banking operations with the use of advanced technologies are resulting in the market in the region accounting for comparatively larger revenue share than other regional markets.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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