Connect with us
European Gaming Congress 2024

Artificial Intelligence

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

Published

on

industrial-automation-market-to-reach-usd-27735-billion-globally-by-2030,-at-a-growth-rate-of-8.5-percent

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
Logo: https://mma.prnewswire.com/media/2457992/Maximize_Market_Research_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/industrial-automation-market-to-reach-usd-277-35-billion-globally-by-2030–at-a-growth-rate-of-8-5-percent-302219897.html

Continue Reading
Advertisement

Artificial Intelligence

GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA

Published

on

geekom-releases-a-perfect-mini-pcs-with-dual-2.5gbps-ethernet-ports-–-geekom-gt1-mega

TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.

One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
Photo – https://mma.prnewswire.com/media/2508472/image_5019393_24175809.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/geekom-releases-a-perfect-mini-pcs-with-dual-2-5gbps-ethernet-ports—geekom-gt1-mega-302253057.html

Continue Reading

Artificial Intelligence

Lucinity Partners with Sift for Unified Fraud and AML Case Management

Published

on

lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management

SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.

Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321

View original content:https://www.prnewswire.co.uk/news-releases/lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management-302253487.html

Continue Reading

Artificial Intelligence

Employee Background Check Software Market Size to Grow USD 828.8 Million by 2030 at a CAGR of 4.9% | Valuates Reports

Published

on

employee-background-check-software-market-size-to-grow-usd-8288-million-by-2030-at-a-cagr-of-4.9%-|-valuates-reports

BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Employee Background Check Software Market is Segmented by Type (Cloud-Based, On Premises), by Application (SMEs, Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Employee Background Check Software Market was valued at USD 587 Million in 2023 and is anticipated to reach USD 828.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software 
Major Factors Driving the Growth of Employee Background Check Software Market:
The employee background check software market is growing due to increasing demands for secure hiring processes and regulatory compliance, especially in industries such as finance, healthcare, and IT. As companies look to reduce risks associated with fraud, legal liabilities, and workplace safety, background checks are becoming a critical part of recruitment processes. The rise of remote work has further accelerated the need for digital solutions. However, challenges include concerns over data privacy and varying legal frameworks across regions, which may slow adoption in some areas.
Buy Now: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-2A10579&lic=single-user
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET:
Cloud-based background check software is gaining traction due to its scalability, remote access, and cost-effectiveness. With cloud-based systems, businesses can streamline their hiring processes, particularly when operating across multiple locations. The ability to access data and conduct checks in real-time is highly valuable for organizations managing large workforces or remote employees. The flexibility and lower upfront investment of cloud-based solutions make them popular among businesses seeking efficient and adaptable systems for their recruitment processes.
On-premises solutions remain important for organizations with strict security and data control requirements, such as those in government, defense, or finance. These companies often need complete ownership of their data, which on-premises software offers, reducing the risk of external breaches. Although it requires significant upfront investment and maintenance, on-premises software provides a high level of customization and security. It’s especially useful for businesses dealing with sensitive information and industries where compliance with local data protection laws is critical.
Large enterprises, particularly those operating in regulated industries like banking and healthcare, are the major adopters of employee background check software. These organizations deal with large volumes of hires, making streamlined background checks essential for compliance and operational efficiency. The ability to integrate background check systems with existing HR tools, such as applicant tracking systems, allows large companies to manage their recruitment processes more effectively. The need for comprehensive and accurate background checks is crucial for mitigating risk and ensuring legal compliance.
The rise in remote working has increased the demand for background check software that allows companies to vet employees regardless of their location. Digital background checks, particularly cloud-based ones, make it easier for organizations to screen remote workers efficiently. This trend is expected to continue as more companies adopt hybrid or fully remote work models, where geographical barriers no longer restrict talent acquisition but require thorough and remote-friendly verification processes.
As regulatory frameworks for employment practices become more stringent globally, businesses are increasingly relying on background check software to ensure compliance. Laws like the General Data Protection Regulation (GDPR) in Europe and the Fair Credit Reporting Act (FCRA) in the U.S. have made it mandatory for companies to conduct background checks within specific legal parameters. This has led to increased demand for software solutions that can automate these processes while maintaining compliance with regional and international laws.
A major trend in the employee background check software market is the integration of these solutions with human resources management systems (HRMS). Integrating background checks with HR software streamlines the hiring process by consolidating background checks, employee records, and onboarding into one system. This improves operational efficiency for businesses, particularly large enterprises that handle significant recruitment volumes. Integration with HRMS allows for real-time updates, making background screening an even more integral part of the hiring process.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-2A10579/global-employee-background-check-software 
EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET SHARE
North America dominates the market due to stringent employment regulations and widespread adoption across industries. Europe is another key region, driven by GDPR compliance and demand in finance and healthcare. The Asia-Pacific region is experiencing rapid growth due to increasing awareness of the importance of background checks, especially in countries like China and India, where digital hiring platforms are becoming more popular. The market is also expanding in the Middle East and Africa as businesses prioritize secure hiring practices.
Key Companies:
HireRightGoodHireCheckrSterlingHireologyINTELIFIGood EggPeopleG2VitayCertnGlobal HR ResearchVeritable ScreeningXrefZincPaycomADPVICTIGIntelliCorp (Cisive)SpringVerifyAsurintUniversalAssureHireVerified FirstHireSafePurchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software 
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
–  Employer of Record Services market was valued at USD 128.2 Million in 2023 and is anticipated to reach USD 196 Million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
–  Employee Engagement Platform market was valued at USD 805 Million in 2023 and is anticipated to reach USD 2217.4 Million by 2030, witnessing a CAGR of 15.5% during the forecast period 2024-2030.
–  Employee Advocacy Platforms market was valued at USD 533 Million in 2023 and is anticipated to reach USD 1020.8 Million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.
–  Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
–  Employee Productivity Tracking Software market is projected to reach USD 311.8 Million in 2029, increasing from USD 219 Million in 2022, with the CAGR of 5.2% during the period of 2023 to 2029.
–  Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
–  Employee Rewards and Recognition Software Market
–  Employee Productivity Monitoring Software Market
–  Employee Recognition Software market was valued at USD 2247 Million in 2023 and is anticipated to reach USD 4186.4 Million by 2030, witnessing a CAGR of 8.9% during the forecast period 2024-2030.
–  Employee Lockers Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!Valuates [email protected] U.S. Toll-Free Call 1-(315)-215-3225WhatsApp: +91-9945648335Website: https://reports.valuates.comBlog: https://valuatestrends.blogspot.com/Pinterest: https://in.pinterest.com/valuatesreports/Twitter: https://twitter.com/valuatesreportsFacebook: https://www.facebook.com/valuatesreports/YouTube: https://www.youtube.com/@valuatesreports6753https://www.facebook.com/valuateskorean https://www.facebook.com/valuatesspanish https://www.facebook.com/valuatesjapanese https://valuatesreportspanish.blogspot.com/ https://valuateskorean.blogspot.com/ https://valuatesgerman.blogspot.com/ https://valuatesreportjapanese.blogspot.com/ 
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/employee-background-check-software-market-size-to-grow-usd-828-8-million-by-2030-at-a-cagr-of-4-9–valuates-reports-302253435.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending