Smart Industries Market: Overview
Industry 4.0 or The Fourth Industrial Revolution has led to the penetration of digitalization across numerous industries. This factor adds extra stars of growth to the smart industries market. The smart industry market can be classified into types such as smart manufacturing, smart education, sm
art utilities, connected agriculture, smart connected logistics, smart transportation, smart education, and others.
The evolution of technologies has brought immense prospects across various industries. This aspect may invite promising growth for the global smart industries market across the assessment period of 2020-2030.
Some of the prominent end-users across the smart industries market are agriculture, energy and utilities, manufacturing, retail and consumer goods, transportation, healthcare, supply chain and logistics, and education. All these factors bring exceptional growth to the smart industries market.
The emerging industrialization across numerous countries around the world is laying a red carpet of growth. Densely populated countries like China and India are experiencing a phenomenal rise in the industry. The adoption of connected technologies in the manufacturing sector around the world may further invite great growth prospects for the smart industries market.
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The report focuses on the impact of the SARS-CoV-2 outbreak and also on the threats that may harm the growth prospects of the smart industries market. The scrutinized study conducted by the researchers also highlights the opportunities and challenges that the smart industries market may face during the tenure of 2020-2030.
Smart Industries Market: Competitive Insights
The smart industries market is rapidly transforming its growth through the penetration of new players. Various startups are emerging across the smart industries market with great products and connected technologies that enable smooth installation and working. The players invest heftily in research and development activities for launching novel products and introducing updates to the existing technologies.
Some key players in the smart industries market are Microsoft Corporation, KPMG International, Bosch Ltd, General Electric Company, Siemens AG, Robert Bosch Manufacturing Solutions GmbH, and Huawei Technologies Co., Ltd.
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Smart Industries Market: Advancements
Every type under the smart industries market has made exceptional advancements over the years. Here are some of the prominent types and the advancements made so far.
Smart Healthcare: Investments across the smart healthcare sector are rapidly growing. For instance, Vera Smart Healthcare, a company in India recently announced an investment of $20 mn for launching unique healthcare services across India. Such investments invite tremendous growth.
Smart Utilities: Smart utilities are transcending toward rapid growth and are expected to expand in the near future. For instance, smart meters were installed in India to enable the DISCOMS for eliminating the rigorous process of collecting reading from each meter. These developments highlight the extensive use of smart utilities.
Connected Agriculture: Connected agriculture is also making waves across the smart industries market. Telus, a Canada-based company recently acquired AFS Technologies and Agriani to focus on agricultural connectivity. It will use data analytics and other tools to trace agricultural data.
Smart Industries Market: Geographical Prospects
North America’s smart industries market is expected to harness phenomenal growth across the forecast period of 2020-2030. The overall presence of key players in the U.S. is bringing profitable growth prospects. Europe’s smart industries market may also record lucrative growth during the assessment period.
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