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Industrial Automation Market to Reach USD 277.35 Billion Globally by 2030, at a growth rate of 8.5 percent

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Maximize Market Research has published a detailed analytical report on the Industrial Automation Market
PUNE, India, Aug. 12, 2024 /PRNewswire/ — The Industrial Automation Market is projected to grow from 156.68 Billion in 2023 to USD 277.35 Billion by 2030, at a CAGR of  8.5% from 2024 to 2029 according to a new report by Maximize Market Research.

As Industry 4.0 advances, it sets the stage for a new manufacturing era where agility and technological integration are essential for success. Industry 4.0 is transforming the Industrial Automation Market. AI, cloud-native apps, and edge computing are driving industrial automation growth, with increased demand for engineers and advanced solutions. This shift accelerates the move from basic mechanization to advanced, interconnected systems, delivering exceptional efficiency and innovation.  Adopting interoperability standards such as OPC UA and Industry 4.0 technologies, companies enable real-time decision-making and predictive maintenance, resulting in smarter and more responsive manufacturing environments. Industries that use AI, collaborative robots, and IoT technology gain a competitive edge by addressing labor shortages, meeting rising consumer demands, and optimizing budget management. These advancements drive significant growth in the Industrial Automation Market.
Industrial Automation Market Scope
Market Size in 2023
USD 156.68 Billion
Market Size in 2030
USD 277.35 Billion
CAGR
8.5 %
Forecast Period
2024-2030
Base Year
2023
Segment Covered
by Components
by Solutions
by Industry
by Region
Drivers
 
 Rising adoption of IoT and AI in industrial environments Increasing government initiatives to promote industrial automationRestrain
 
 High Initial Costs Regulatory and Compliance ChallengesOpportunities
 
 Smart Factories and Industry 4.0 AI and Machine Learning IntegrationReport Coverage
Market Share, Size, and Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Get your Sample PDF: https://www.maximizemarketresearch.com/request-sample/39668/ 
Automation Technology Adoption Grows as Solution to Labor Shortages
The manufacturing industry is dealing with a severe labor shortage. According to the MMR study Report, there will be an estimated more than 2 million unfilled jobs by 2030. In response, business leaders are turning to industrial automation as a critical strategy to mitigate workforce challenges. Automation alleviates high turnover rates by taking over repetitive and dangerous tasks, allowing employees to shift into skilled roles such as machine operators and programmers. Also, the study indicates that 75% of industrial organizations recognize the need for reskilling, and only 10% feel prepared. To address this, manufacturers should adopt automation solutions that are easy to implement, enabling workers to adapt and enhance productivity amid workforce shifts.
Segment Analysis: Key Areas of Focus
The global medical device engineering market was segmented into Components, including Industrial Robots, Machine Vision System, Process Analyzer, Field Instruments, Human Machine Interface (HMI), Industrial PC, Industrial Sensors, Industrial 3D Printing, and Vibration Monitoring. Among these, the Industrial Sensors segment is expected to experience the fastest growth. Due to continuous technological advancements and the rising integration of software to improve functionality, and connectivity, in automation.
Regional Insight: Asia pacific held the largest share of the Industrial Automation Market
The Industrial Automation Market is growing rapidly, with South Korea leading in robot density at 1,012 per 10,000 employees, followed by Singapore, Japan, and Sweden. Demand for automation engineers is rising across manufacturing, oil and gas, and power generation sectors, driven by the need for advanced systems and cyber security. The mining industry is innovating with autonomous machinery for improved safety and sustainability. Government support and technological advances, such as Wi-Fi 7, are accelerating automation adoption. Effective collaboration among engineers and stakeholders is crucial for refining automation solutions and achieving production and sustainability goals.
Get 10% Free Customization on the Report: https://www.maximizemarketresearch.com/request-sample/39668/ 
Industrial Automation Market: Segmentation
by Components
Industrial Robots
Machine Vision System
Process Analyzer
Field Instruments
Human Machine Interface (HMI)
Industrial PC
Industrial Sensors
Industrial 3D Printing
Vibration Monitoring
by Solutions
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Manufacturing Execution System (MES)
Industrial Safety
Plant Asset Management (PAM)
by Industry
Oil & Gas
Chemicals
Food & Beverages
Energy & Power
Automotive
Machine Manufacturing
Water & Wastewater Treatment
Electronics & Semiconductors
Metals & Mining
Others
For Detailed Segment Analysis: Request a Sample Report
Industrial Automation Market: Key Players
Industrial Automation Market Giants in Asia Pacific
FANUC (Japan)Yaskawa Electric Corporation (Japan)Toshiba Corporation (Japan)Yokogawa Electric Corporation (Japan)Fuji Electric Co., Ltd. (Japan)Hitachi, Ltd. (Japan)Omron Corporation (Japan)Mitsubishi Electric Corporation (Japan)Keyence Corporation (Japan)Accurate Industrial Controls Pvt. Ltd. (India)Industrial Automation Market Major Key Players in Europe
Voith GmbH (Germany)Siemens AG (Germany)Kuka AG (Germany)Bosch Rexroth Corporation (Germany)Phoenix Contact (Germany)MARCO Limited (UK)Schneider Electric SE (France)Endress+Hauser (Switzerland)ABB Ltd. (Switzerland)Danfoss A/S (Denmark)Tegan Innovations (Ireland)Industrial Automation Market Key Companies in North America
Honeywell International Inc (US)Emerson Electric Co. (US)General Electric Company (US)Rockwell Automation, Inc (US)Danaher Corporation (US)National Instruments Corp (US)Roper Technologies, Inc (US)Maximize Market Research is leading Automation & Process Control Research firm, has also published the following reports:
Industrial Automation and Control Systems Market:- Global Industrial Automation and Control Systems Market to Reach USD 318.30 Billion by 2030. Digitization and the Industry 4.0 revolution have sped up automation across industries, driving the adoption of smart solutions such as robotics and control systems to optimize production.
Industrial Automation Oil Gas Market:- Global Industrial Automation in the Oil & Gas Market Set to Reach USD15.20 Billion by 2030. Rising demand for crude oil and petroleum is expected to drive growth in the industrial automation market for oil and gas, boosting Market Growth.
Robotic Process Automation Market:- Robotic Process Automation Market Global Industrial Automation and Control Systems Market Expected to Reach USD 21.93 Billion by 2030. The surge in the demand for automating business processes stands out as a driving factor behind the escalating adoption of the Robotic Process Automation (RPA) technology.
Industrial Controller and Factory Automation Market:- Industrial Controller and Factory Automation Market to Reach 276.99 Billion by 2030. The adoption of advanced automation technologies such as SCADA, DCS, RTU, PLC, and HMI boosts growth in industrial control and automation.
Digital Process Automation Market:- Digital Process Automation Market Set to Reach USD 36.07 Billion by 2030. AI and machine learning integration is increasingly driving growth in the Digital Process Automation market.
Connected and Autonomous Mobility Vehicles Market size was valued at USD 149.43 Billion in 2023 and is expected to grow at a CAGR of 40.1 % from 2024 to 2030, reaching nearly USD 1583.08 Billion.
Warehouse Automation System Market was valued at US$ 3.65 Bn. in 2023 and the total revenue is expected to grow at 16.5% of CAGR through 2024 to 2030, reaching nearly US$ 10.65 Bn.
Key Benefits for Stakeholders:
This report provides a quantitative as well as qualitative analysis of the Industrial Automation market. It Includes segment analysis, current trends, Market Dynamics, challenges, and estimations of the Industrial Automation industry from 2024 to 2030.Porter’s five forces analysis highlights the influence of buyers and suppliers, helping stakeholders make profitable decisions and enhancing supplier-buyer relationships.In-depth analysis of the Industrial Automation market segmentation assists in determining the prevailing market opportunities.Major countries in each region are mapped according to their revenue contribution to the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.About Maximize Market Research:
Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:3rd Floor, Navale IT Park, Phase 2Pune Bangalore Highway, Narhe,Pune, Maharashtra 411041, [email protected] Follow Up: Facebook | Twitter | LinkedIn | Instagram
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Artificial Intelligence

Flat Ads Makes Its Mark at DMEXCO 2024: Showcasing Strength in Programmatic Advertising

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COLOGNE, Germany, Sept. 20, 2024 /PRNewswire/ — In September, Flat Ads makes its mark at DMEXCO 2024, the prestigious European event of digital marketing and technology. The highly successful exhibition boasts 650 exhibitors, 850 speakers, and thousands of participants. At the event, Flat Ads showcased the strength of programmatic advertising platform in ad delivery, traffic optimization, and brand safety.

Flat Ads programmatic advertising platform has an exclusive developer traffic of 700 million and an extensive network spanning over 200 countries and regions worldwide. It cooperates with over 200 leading DSP/SSP partners, including FreeWheel, PubMatic and Criteo, leveraging an efficient and complete bidding system, as well as automatic delivery algorithms, to achieve precise marketing and advertising effectiveness maximization.
With its exclusive platform strategy algorithm, Flat Ads programmatic advertising platform can continuously conduct automatic exploration and matching based on the characteristics of DSP and traffic, optimize and adjust the algorithm model in real-time. This not only ensures the sustainability of DSP budgets, but also maximizes traffic utilization and enhances monetization revenue of advertisements.
Moreover, brand protection is among the top priorities of Flat Ads. In addition to accessing to authority agency Pixalate to test the effectiveness of ads, it has also accessed HUMAN, the global cybersecurity authority to safeguard its clients by preventing bot attacks, digital fraud and abuse, ensuring a stable, reliable, and secure programmatic advertising transaction platform.
By participating in DMEXCO 2024, Flat Ads showcased its outstanding strength and fruitful achievements in the programmatic advertising field, attracting the attention of numerous advertisers and developers for cooperation. Flat Ads boasts not only robust technical capabilities and innovative prowess, but also an active and open attitude towards emerging technologies, embracing and exploring them. It remains committed to providing more professional and efficient global marketing services to advertisers and developers worldwide, helping clients stand out in the fiercely competitive market and achieve business growth.
As a globally leading mobile advertising marketing platform, Flat Ads currently operates offices in Singapore, Indonesia, Hong Kong, and Guangzhou, serving over 1000 clients with global marketing solutions. If you’re interested in Flat Ads’ programmatic advertising services, please visit www.flat-ads.com.

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Artificial Intelligence

Fraud Detection & Prevention Market to Reach $252.7 Billion, Globally, by 2032 at 24.3% CAGR: Allied Market Research

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The introduction of big data analytics, cloud computing services, and an upsurge in mobile payment drive the growth of the market.
PORTLAND, Ore., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Fraud Detection & Prevention Market by Component (Solution and Service), Deployment Mode (On-Premises and Cloud), Organization Size (Large Enterprises and Small and Medium-sized Enterprises) and Industry Vertical (BFSI, IT and Telecom, Retail, Healthcare, Government and Defense, Manufacturing, Transportation and Logistics and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the “fraud detection & prevention market” was valued at $29.5 billion in 2022, and is projected to reach $252.7 billion by 2032, growing at a CAGR of 24.3% from 2023 to 2032.

The introduction of big data analytics, cloud computing services, and an upsurge in mobile payment drive the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market. Moreover, continuous technological advancements are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the high cost of fraud detection and prevention solutions limits the growth of the fraud detection & prevention market.
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The solution segment held the highest market share in 2022. 
By component, the solution segment dominated the market in 2022, this dominance is driven by the increasing demand for advanced technological solutions that can effectively detect, monitor, and prevent fraudulent activities across various industries such as banking, e-commerce, and insurance. Solutions like AI-based fraud detection, machine learning algorithms, and behavioral analytics have become critical tools in identifying potential fraud in real time and reducing financial losses. However, the service segment is expected to witness the largest CAGR of 28.0%, this growth is driven by the increasing need for specialized services such as consulting, implementation, and maintenance to help organizations effectively integrate and optimize fraud detection solutions.
The BFSI segment held the highest market share in 2022.
By industry vertical, the BFSI segment accounted for the largest share in 2022. This is primarily due to the high frequency and sophistication of fraud targeting financial institutions, making fraud detection and prevention solutions a critical need in the BFSI sector. Financial transactions, online banking, and digital payments are particularly vulnerable to cyberattacks, phishing schemes, and identity theft, driving the sector’s substantial investment in advanced fraud detection technologies. However, the retail segment is expected to witness the largest CAGR of 32.7%. This anticipated growth is driven by several factors. Retailers are increasingly targeted by fraudsters due to the high volume of transactions and the sensitivity of customer data involved. As e-commerce and digital transactions expand, the need for advanced fraud detection and prevention solutions becomes more critical.
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Regional Insights: The North America region held the highest market share in 2022. 
By region, the fraud detection & prevention market was dominated by North America in 2022. North America, particularly the U.S., has a highly developed financial and technological infrastructure that supports advanced fraud detection solutions. The region’s significant investments in cybersecurity and fraud prevention technologies, combined with a high incidence of cyber threats, drive continuous innovation and adoption of sophisticated fraud management systems. 
Buy this Complete Report (415 Pages PDF with Insights, Charts, Tables, and Figures) at:
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Key Industry Developments 
In February 2024, the U.S. Department of the Treasury announced that it has recovered over $375 million as a result of its implementation of an enhanced fraud detection process that utilizes Artificial Intelligence (AI) at the beginning of Fiscal Year 2023.In April 2024, Cognizant collaborated with FICO, to launch a cloud-based real-time payment fraud prevention solution powered by FICO Falcon Fraud Manager. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technology to help banks and other payment service providers in North America protect their customers from fraud in the growing world of instant digital payments.In September 2022, Deutsche Bank collaborated with Visa, to help prevent online retail fraud. Merchants who process their e-commerce payments via Deutsche Bank can now use “Decision Manager,” an automated fraud detection system from Visa-owned company Cybersource.AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int’l: +1-503-894-6022Toll Free: +1-800-792-5285UK: +44-845-528-1300India (Pune): +91-20-66346060Fax: [email protected] 
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Artificial Intelligence

G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

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ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.
Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.
Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”
In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.
“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”
By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.
About G42
G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. To know more visit www.g42.ai.
Media contactsMedia and PR Team, [email protected]

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