2021-2026 Global Intelligent Manufacturing Platform Market Compound Annual Growth Rate of 18%

According to a report released by Markets and Markets, an international market research institution, the global intelligent manufacturing platform market size is expected to be $5.
8 billion in 2021, and this data will increase to $13.
2 billion by 2026, with a compound annual growth rate of 18%
during the period.

According to the report, the growth of this market is mainly driven
by the growth of industrial automation, the adoption of smart manufacturing platforms in the automotive industry, increasing government support for industrial automation, and the growing need to simplify and automate data to improve productivity.

From the perspective of market segmentation, discrete industries are expected to be the fastest growing segment of the intelligent manufacturing platform market during the forecast period
.
Discrete industries include automotive, industrial manufacturing, electronics and semiconductors, medical devices, aerospace and defense, etc
.
Among them, the automotive industry dominates the smart manufacturing platform market and is expected to grow
at the highest growth rate of 22.
1% during the forecast period due to changing consumer preferences and inefficiencies of traditional processes.
Changing consumer preferences, technological advancements, and regulations related to the automotive industry have led to a high degree of complexity
in automotive products.

Moreover, smart manufacturing platforms for device management platform types will grow
at the highest CAGR during the forecast period.
The emergence of artificial intelligence, industrial IoT, smart manufacturing, Industry 4.
0, digitalization and connected enterprises has impacted various industries, deploying advanced solutions
in their factories.
Therefore, since a large amount of data is generated from various devices used in industrial facilities, it becomes crucial
to manage the equipment and the data generated.
The device management platform allows connecting and disconnecting new devices, controlling various devices, viewing device details and checking their status, and monitoring devices
remotely.

From the perspective of market region, the intelligent manufacturing platform market in Asia Pacific is expected to grow
at the highest CAGR during the forecast period.
Asia Pacific is expected to maintain the largest growth rate
in the global smart manufacturing platform market during the forecast period.
Over the past few years, the Asia-Pacific region has been showing impressive progress in industrialization and is at the forefront
of the digital revolution in the rest of the world.
It can be seen that the region is steadily moving
towards a digital future.
In Asia Pacific, there are a large number of emerging small and medium-sized enterprises that are more likely to adopt digital
.
As a result, the digitization rate in the region has been growing
.
Countries such as China, Japan, and India have taken many initiatives to encourage the implementation of IIoT technology
in their own industries.
Government support for the adoption of automation technologies and rapid industrialization and urbanization are some of the major factors driving the growth of the industrial IoT market in Asia Pacific, which in turn is expected to drive the growth of the
smart manufacturing platform market.

From the perspective of suppliers, Swiss ABB, German Siemens, French Schneider Electric, American IBM, American PTC, German SAP, American Emerson Electric and General Electric will become the world's leading intelligent manufacturing platform service providers
.