Industry 4.0 Market - Forecast(2021 - 2026)
Industry 4.0 is the fourth revolution of the manufacturing industry which is fuelled by data and machine learning . Industry 4.0 offers the latest manufacturing technologies which provide tools for automation and data exchange. It also provides the opportunity to enhance the operations efficiently and quickly for the manufacturers. Industry 4.0 has a wide range of applications such as sensors, robotics control, product design, and logistics. According to this research report from IndustryARC, the global industry 4.0 market size was between $70,000 million to $75,000 million as of 2018. The increasing usage of industry 4.0 technologies in big data analytics, horizontal and vertical system integration and logistics industry are the factors driving the growth of the market. In big data analytics, industry 4.0 allows the collection of comprehensive evolution of data from production equipment systems, and customer management systems to support real-time decision making. The demand in the gl...