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Artificial Intelligence

Global Industry 4.0 Market Research Report 2021 – IT/OT Convergence Brings Forth Cybersecurity Gaps in Manufacturing Industry

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Dublin, Nov. 11, 2021 (GLOBE NEWSWIRE) — The “Industry 4.0 – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Industry 4.0 Market to Reach $219.8 Billion by 2026

The global market for Industry 4.0 estimated at US$90.6 Billion in the year 2020, is projected to reach a revised size of US$219.8 Billion by 2026, growing at a CAGR of 16.5% over the analysis period.

Internet of Things, one of the segments analyzed in the report, is projected to record a 17.3% CAGR and reach US$68.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Robotics segment is readjusted to a revised 18.7% CAGR for the next 7-year period.

i4.0 is a concept in which manufacturing facilities are fitted with state-of-the-art sensors and wireless technologies which visualize and display the entire manufacturing process. These sensors and wireless technologies are integrated with various technologies, including artificial intelligence (AI), the IoT, machine learning and cloud computing.

The integrated use of these technologies by an i4.0-enabled manufacturing environment enables the manufacturers to make well informed business decisions and improve their production efficiency. By optimizing technology and material usage, as well as asset performance, an i4.0-enabled manufacturing environment enhances the profitability of businesses.

The growth of the market is being propelled by the increasing awareness among businesses of the several advantages that these technologies offer.

Other factors spurring the projected growth within the worldwide market for i4.0 technologies include the increasing implementation of the Industrial Internet of Things (IIoT); the increasing demand for efficient and cost effective manufacturing processes from a wide range of industries; and the significant increase in the demand for automation systems for enhancing the quality of finished goods. Additional factors powering the market`s growth include innovations and technological advancements in additive printing technology; and advancements in smart sensing technologies and controls.

Additionally, the increasing trend of automating manufacturing facilities, together with the increasing demand for energy-efficient machinery and processes, together with the IoT-enabled sensors` integrated computing capabilities, are also projected to fuel the growth of the worldwide market for i4.0 technologies.

Furthermore, IoT sensors, smart devices, and data collection are leveraged by i4.0-based systems for improving operational efficiency, a factor that is also expected to provide significant opportunities for growth of the worldwide i4.0 market. In the coming 10 years, businesses would set-up global networks incorporating their production facilities, machinery and warehousing systems as cyber-physical systems.

Such systems, in the production environment, consist of storage systems, production facilities, and smart machines that could exchange information autonomously, and exercise independent control over each other. These changes provide huge opportunities for optimization of manufacturing and production processes. On the flip side, such changes put manufacturers under conventional business pressure

The U.S. Market is Estimated at $25.5 Billion in 2021, While China is Forecast to Reach $40.9 Billion by 2026

The Industry 4.0 market in the U.S. is estimated at US$25.5 Billion in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of US$40.9 Billion by the year 2026 trailing a CAGR of 20.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.7% and 14.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • COVID-19 Impact on Industry 4.0
  • Industry 4.0 Concepts
  • Vital Lessons for Manufacturing Industry during Pandemic Crisis
  • Industry 4.0 in Pre-COVID-19 Period
  • Industry 4.0 in Post COVID-19 Period
  • Impact of Technology on Transformation of Industries
  • An Introduction to Industry 4.0
  • History of Industry 4.0
  • Key Industry 4.0 Technologies
  • Horizontal and Vertical Integration in Industry 4.0
  • Current Stage of Industry 4.0 Adoption
  • Benefits and Advantages of Industry 4.0
  • Key Risks and Challenges of Industry 4.0
  • Industry 4.0: Prospects & Outlook
  • Analysis by Technology
  • Vertical-based Analysis
  • Competitive Landscape
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS(Total 310 Featured)

  • 3D Systems, Inc.
  • ABB Group
  • Alphabet, Inc.
  • Arcadia Data, Inc.
  • Cisco Systems, Inc.
  • Denso Corporation
  • General Electric Company
  • General Vision
  • Hewlett Packard Enterprise Development LP (HPE)
  • IBM Corporation
  • Intel Corporation
  • MAXST Co., Ltd.
  • Microsoft Corporation
  • Mitsubishi Electric Corporation
  • NGRAIN Corporation
  • Qualcomm, Inc.
  • Rethink Robotics, Inc.
  • Rockwell Automation, Inc.
  • Samsung Electronics Co., Ltd.
  • Siemens AG
  • Stratasys Ltd.
  • Texas Instruments, Inc.
  • XJet Ltd.

3. MARKET TRENDS & DRIVERS

  • The Ever Growing IoT Ecosystem, A Cornerstone for Growth
  • Increasing Number of Connected Devices and Growth of IoT Adoption in Industrial Control Systems Enhance Need for Effective Cybersecurity Solutions
  • HMI Technologies Take Center Stage in Industrial Automation Ecosystem
  • Evolution of IoT Drives Robust Innovation in HMI Technology
  • Industrial Robotics Market Recording Strong Growth
  • Growing Automation Rapidly Changing Manufacturing Sector Landscape
  • 3D Printing: A High Growth Market
  • Industry 4.0 Trends Impacting the Manufacturing Processes
  • IT/OT Convergence Brings Forth Cybersecurity Gaps in Manufacturing Industry
  • Chemical Processing Industry at High Risk of Cyber Crimes, Driving Need for Security Solutions
  • With Transportation Systems Worldwide Facing High Risk of Cyberattacks, the Need for Effective Cybersecurity Solutions Grows
  • Rising Risk of Cyber Threats in Auto Industry: An Opportunity for IoT Solutions
  • Amidst Rapidly Changing and Evolving Cyber Threats, Energy Sector Adopts Advanced Solutions to Enhance Security
  • As a Prime Target for Cyber Criminals, Power Sector Witnesses High Demand for Cybersecurity Solutions
  • Threat of Cyberattacks on the US Electric Power Sector: Assessing the Impact of Attacks by Various Actors for Power Utilities
  • Evolution of Cyberattacks on Industrial Control Systems in Power Sector: A Historical Timeline
  • Shift towards Smart Factories and the Potential Risk of Cyberattacks Fuels Importance of Cybersecurity for Intelligent Factories
  • Challenges Facing the Industry 4.0 Market
  • Challenges Commonly Confronted by Manufacturers and Measures to Develop More Cyber Resilient Networks
  • Challenges Confronting Implementation of Industry 4.0
  • Challenges Posed by Continuously Evolving Technology Environment

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/e3duhl


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Wirex Executive Joins CryptoUK’s New Policy Committee

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LONDON, May 21, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is proud to announce that Chet Shah, Global Chief Risk & Compliance Officer at Wirex, has joined CryptoUK’s newly established Policy Committee.

CryptoUK, the premier trade body representing the UK’s digital asset sector, formed its new Policy Committee which brings together industry-leading experts from the legal, regulatory, and compliance sectors. The committee’s mission is to provide strategic policy guidance, advocate for regulatory clarity, and foster innovation to support the growth of the UK’s digital assets industry.
This appointment underscores Wirex’s commitment to advancing regulatory clarity and innovation in the digital asset sector.
Chet brings a wealth of experience in risk and compliance. His background covers banking, auditing, and traditional finance, as well as solid expertise in the cryptocurrency space. At Wirex, Chet has been crucial in building and improving relationships with global regulators, including the Financial Conduct Authority, and authorities in countries including Singapore, Croatia, and Italy.
Chet’s approach prioritises commercially focused compliance and risk management, ensuring that Wirex operates smoothly at the intersection of traditional finance and Web3. His ability to balance regulatory requirements with innovation has been key to Wirex’s growth and success.
Commenting on his appointment, Chet said, “My experience aligns perfectly with the committee’s goals and together, we can advocate for policies that balance regulation with growth in the digital assets space.”
About Wirex 
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management.
Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
| wirexapp.com |
Photo: https://mma.prnewswire.com/media/2417875/Chet_Shah.jpgLogo: https://mma.prnewswire.com/media/2286023/4717325/Wirex_logo.jpg

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Artificial Intelligence

Media Production Company Egg Is Coming Chooses Infortrend SAN Storage to Empower Content Creation Workflows

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TAIPEI, May 21, 2024 /PRNewswire/ — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, today announced that Korean media production company Egg is coming is leveraging Infortrend’s storage solution for M&E – EonStor DS enterprise SAN storage to empower content creation workflows and store the growing volume of UHD videos they produce.

Egg is coming is a media content production company operating as a spin-off from the South Korean entertainment giant CJ ENM Entertainment Division, the distributor of Oscar-winning movie “Parasite”. With the renowned producer Lee Myung-han as its CEO, Egg is coming specializes in production of popular entertainment content, including drama series, broadcast programs, music videos, etc. The team has successfully produced numerous renowned series, including “Hospital Playlist” which became the ninth highest-rated Korean drama in cable television history at the time.
As the company was established, they started looking for a high-speed shared storage solution. Infortrend’s EonStor DS SAN storage came highly recommended by a major media company that has been successfully using it with Tiger Technology’s SAN file sharing solution. Trusting this recommendation, Egg is coming adopted EonStor DS for video editing application. In total, four DS 4016 appliances, expanded with four units of JB 3060L expansion enclosure, were chosen for the initial deployment of the studio’s storage system. The solution provides 1.8 PB total capacity to store ever-expanding UHD video content and enables seamless workflows for 29 simultaneous post-production processes.
“Infortrend’s SAN storage EonStor DS was recommended to us by a major media production company, and we are happy that we adopted the same solution as DS enables fast and comfortable collaboration between 29 video editors,” – said Changmin Sim, the Team Leader of the Video Editing Team at Egg is coming.
Learn more about EonStor DS
About Infortrend
Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com
Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

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Gcore And Xsolla Announce Partnership To Drive Global Game Distribution And Faster Downloads

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Gcore’s edge network to deliver Xsolla Launcher, ensuring global reach, smoother game downloads and higher conversion rates

LUXEMBOURG, May 21, 2024 May 21, 2024 — Gcore, the global edge AI, cloud, network, and security solutions provider, announced its partnership with video game commerce company Xsolla. The alliance will enable Xsolla to provide game developers and publishers with new global distribution channels catering to gamers worldwide, regardless of their locations. With Gcore’s 180 global points of presence (PoPs), players will benefit from reduced time-to-play and smoother, more efficient game downloads.
Xsolla Launcher is a powerful tool for game development companies of all sizes to widen distribution and easily build communities. It streamlines game installation, enhances player communication, and boosts monetization, allowing developers to concentrate on creativity and business logic. By leveraging Gcore’s robust CDN, Xsolla Launcher ensures seamless, speedy game downloads for all players by efficiently fetching and caching game components and initiating rapid downloads upon player request.
“At Xsolla, we’re committed to elevating the gaming experience for developers and players globally,” said David Stelzer, President of Xsolla. “Our collaboration with Gcore’s cutting-edge CDN technology significantly narrows the gap between the game and its players by delivering assets at unparalleled speed. This integration into our new Xsolla Launcher sets the bar for high-performance service and empowers our customers to focus on what they do best: create captivating games.”
Xsolla engineers chose Gcore CDN for its global network of 180+ edge servers, ensuring uninterrupted delivery of game assets worldwide. With a network capacity exceeding 110 Tbps and connectivity to 14,000 peering partners, Gcore averts congestion and disruptions, even during major releases. Operating under strict security measures and meticulous server maintenance, Gcore guarantees exceptional availability. Additionally, Gcore’s CDN integration with its proprietary DNS services further minimizes the risk of service interruptions or outages.
“We’re thrilled to be part of Xsolla’s pioneering solution, driving the gaming industry forward,” commented Ilya Matveev, Business Development Director at Gcore. “Xsolla Launcher brings flexibility to the industry, allowing companies to implement a D2C approach – a way to monetize their existing game fan base without the burden of platform fees. Relying on the power of Gcore’s edge infrastructure, Xsolla Launcher is revolutionizing game distribution by eliminating market barriers, reducing development costs, and fostering creativity.”
Read more about the partnership via this link.
About Gcore
Gcore is a global edge AI, cloud, network, and security solutions provider. Headquartered in Luxembourg, with a staff of 600 operating from ten offices worldwide, Gcore provides solutions to global leaders in numerous industries. Gcore manages its global IT infrastructure across six continents, with one of the best network performances in Europe, Africa, and LATAM due to the average response time of 30 ms worldwide. Gcore’s network consists of 180 points of presence worldwide in reliable Tier IV and Tier III data centers, with a total capacity exceeding 110 Tbps.Website | Twitter | Facebook | LinkedIn
About Xsolla 
Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Beijing, Guangzhou, Seoul, Tokyo, Kuala Lumpur, Raleigh, and cities around the world, Xsolla supports major gaming titles like Valve, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.
Website | Twitter | Facebook | LinkedIn
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