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Demand for Global Industry 4.0 Market Size to Surpass USD 334.18 Billion by 2028, Exhibit a CAGR of 19.4% | Industry 4.0 Industry Trends, Share, Growth, Value, Analysis & Forecast Report by Facts & Factors

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New York, United States, Sept. 15, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Industry 4.0 Market By Technology [Artificial Intelligence, 5G, Internet of Things (IoT), Blockchain, Augmented Reality & Virtual Reality, and 3D Printing], By End-User (Energy & Power, Aerospace, Logistics, Automotive, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2028” in its research database.

“According to the latest research study, the demand of global Industry 4.0 Market size & share was valued at approximately USD 84.59 Billion in 2020 and is projected to reach around USD 334.18 Billion by 2028, at a compound annual growth rate (CAGR) of about 19.4% during the forecast period 2021 to 2028.”

The report analyses the market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Industry 4.0 market.

Market Overview:

Industry 4.0, also referred to as the fourth industrial revolution, is composed of robotic control, automation tools, and big data analytics that support efficient production and maneuver in any manufacturing sector. It not only augments the technology used but also enhances asset performance, material utilization, and other industrial procedures implicated in the industries.

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The global industry 4.0 market will witness remarkable growth in the coming years owing to the rising adoption of industrial automation, growing usage of robot technology, and an upsurge in government funding to promote digitalization. However, the installation of advanced robotic and data analytics technology needs huge initial investment along with a team of expert personnel, which are the two key factors hampering the market growth.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the global industry 4.0 industry. The report analyzes and declares the historical and current trends analysis of the global industry 4.0 industry and subsequently recommends the projected trends anticipated to be observed in the global industry 4.0 markets during the upcoming years.

Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs – https://www.fnfresearch.com/sample/global-industry-40-market-by-technology-artificial-intelligence-963

(Before making a purchase, you may evaluate the quality of our in-depth research and studies with the help of sample reports)

Key Insights from Primary Research

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  • As per the analysis, the Industry 4.0 market is likely to grow above a CAGR of around 19.4% between 2021 and 2028.
  • The Industry 4.0 market size was worth around US$ 84.59 Billion in 2020 and is estimated to hit approximately US$ 334.18 Billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • The global industry 4.0 market will witness remarkable growth in the coming years owing to the rising adoption of industrial automation.
  • Based on Technology segment, it was expected that the IoT segment will have the highest market share during 2021–2028.
  • By region, the “Asia Pacific” region is witnessing remarkable growth for the industry 4.0 market during the forecast period.

Market Dynamics

  • AI & IoT are being rapidly adopted in the manufacturing industry

The global industry 4.0 market will witness remarkable growth in the coming years owing to the rising adoption of industrial automation, growing usage of robot technology, and an upsurge in government funding to promote digitalization. However, the installation of advanced robotic and data analytics technology needs huge initial investment along with a team of expert personnel, which are the two key factors hampering the market growth.

  • Lack of skilled workers familiar with AI and IoT technologies

Existing employees must be educated to operate new IoT and AI-enabled hardware and software. While industries are quick to adopt new technology, they face a shortage of highly educated engineers and workers familiar with AI and IoT.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/global-industry-40-market-by-technology-artificial-intelligence-963

Competitive Players

The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.

Some of the main players in the global Industry 4.0 market include

  • General Electric
  • Google
  • AIBrain
  • General Vision
  • Microsoft
  • Siemens
  • Amazon Web Services
  • Mitsubishi
  • FANUC
  • Cisco
  • HP
  • Yaskawa
  • SAP
  • KUKA
  • Intel
  • ABB
  • Stratasys
  • Ansys
  • IBM

Industry 4.0 Market: Segmentation Analysis

The global industry 4.0 market is segmented based on technology, end-user, and region.

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  • By Technology, the IoT segment dominates the global industry 4.0 market during the study period

IoT is gaining popularity among several manufacturing industries, as technology enhances the efficiency of industrial production processes. The industrial gears connected with wireless technology, sensors, and data processing equipment would help industries to optimize the production rate, determine equipment’s real-time state, locate possible malfunctioning within the equipment, and organize proximity schedules for servicing & repairing of gears.

The rising trend for remotely handling the industrial manufacturing processes, especially under adverse conditions such as mining and submerged oil extraction sectors, is the leading factor for the growing adoption of IoT, which in turn propels the global industry 4.0 market.

Browse the full “Industry 4.0 Market By Technology [Artificial Intelligence, 5G, Internet of Things (IoT), Blockchain, Augmented Reality & Virtual Reality, and 3D Printing], By End-User (Energy & Power, Aerospace, Logistics, Automotive, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2028” Report at https://www.fnfresearch.com/global-industry-40-market-by-technology-artificial-intelligence-963

Regional Dominance:

  • The Asia Pacific industry 4.0 market will rise rapidly during the forecast period

The majority of the leading companies have established their manufacturing plants in the Asia Pacific region owing to the rapid technological advancement and relatively moderate investment for setting up a plant. China, South Korea, and Japan are the key countries within the region that are widely adopting robotics and wireless technology in production industries, thereby flourishing the Asia Pacific industry 4.0 market.

Key questions answered in this report:

  • What is the market size and growth rate forecast for Industry 4.0 industries?
  • What are the main driving factors propelling the Industry 4.0 Market forward?
  • What are the leading companies in the Industry 4.0 Industry?
  • What segments does the Industry 4.0 Market cover?
  • How can I receive a free copy of the Industry 4.0 Market sample report and company profiles?

Report Scope:

Report Attribute Details
Market Size in 2020 USD 84.59 Billion
Projected Market Size in 2028 USD 334.18 Billion
CAGR Growth Rate 19.4% CAGR
Base Year 2020
Forecast Years 2021-2028
Key Market Players General Electric, Google, AIBrain, General Vision, Microsoft, Siemens, Amazon Web Services, Mitsubishi, FANUC, Cisco, HP, Yaskawa, SAP, KUKA, Intel, ABB, Stratasys, Ansys, IBM, and others
Key Segment By Technology, By End-User, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options Request customized purchase options to meet your research needs.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/global-industry-40-market-by-technology-artificial-intelligence-963

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(We customize your report according to your research need. Ask our sales team for report customization.)

The global Industry 4.0 market is segmented into:

By Technology

  • Artificial Intelligence
  • 5G
  • Internet of Things (IoT)
  • Blockchain
  • Augmented Reality & Virtual Reality
  • 3D Printing

By End-User

  • Energy & Power
  • Aerospace
  • Logistics
  • Automotive
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Have Any Query? Ask Our Experts: https://www.fnfresearch.com/inquiry/global-industry-40-market-by-technology-artificial-intelligence-963

Key Offerings:

  • Market Size & Forecast by Revenue | 2021−2028
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Technology, End-User, and Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Browse More Related Report:

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About Facts & Factors:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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Artificial Intelligence

ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024

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zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024

SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.

In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
MEDIA INQUIRIES:
Email: [email protected]

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Artificial Intelligence

Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.

Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Contact
Sundeep Mehta, +91()9910030732, [email protected] 
Logo: https://mma.prnewswire.com/media/995982/4760440/Comviva_Logo.jpg 
 

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Artificial Intelligence

Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 
About T.Rowe Price 
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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