From 2020 to 2025, the global intelligent manufacturing market will increase by 12.4% compound annual growth

According to the latest research report released by Markets and Markets, an international market research institution, the global intelligent manufacturing market will reach $214.
7 billion in 2020, and it is expected that this data will increase to $384.
8 billion by 2025, with a compound annual growth rate of about 12.
4%.

The growing adoption of Industry 4.
0, increasing investment in industrial automation, increasing government involvement in supporting industrial automation, increasing complexity in the supply chain, and surge in demand for software systems that reduce time and cost are all contributing to the rapid growth
of this market.

From the perspective of technology, IIoT technology will occupy the largest share
of the smart manufacturing market during the forecast period.
IIoT transforms manufacturing plants by connecting an extensive network of smart devices, thereby increasing the degree of automation in factories
.
At the same time, IIoT promises to revolutionize manufacturing by enabling vast amounts of data that can be shared
across the enterprise.

In addition, IIoT provides industry with better connectivity, efficiency, scalability, and time and cost
savings.
Continuous advancements in industrial automation are expected to bring huge benefits
to end users in terms of increased profits and increased efficiency.

From the perspective of application industry, the energy and power industry will occupy the largest smart manufacturing market
during the forecast period.
Technological advances in emerging markets such as India, China, Brazil, and the Middle East are likely to create plenty of opportunities
for automation in these markets.
As a result, many smart manufacturing solution providers have targeted this industrial sector
.

The power industry is developing
rapidly due to the growing global demand for energy.
This puts enormous pressure
on power manufacturing companies to provide cheap and reliable energy.
Moreover, it is necessary for power manufacturing companies to use available resources efficiently, reduce maintenance costs and further improve plant performance
.
In addition, PAM and HMI solutions help power plant owners, operators, and original equipment manufacturers (OEMs) make improved business decisions
about asset performance and operational readiness.

From the perspective of market region, the intelligent manufacturing market in Asia Pacific will grow
at the highest CAGR during the forecast period.
China is one of the fastest-growing economies in the world and a global manufacturing hub
for the semiconductor and automotive industries.
This has led to more and more adoption of advanced manufacturing technologies such as HMI, MES, AI, AGV, and WMS to improve the overall performance of manufacturing plants and increase yield
.
In addition, the growing economic and technological development of various industries encourages the application of these technologies to monitor and control production processes
.

From the perspective of global enterprises, 3D Systems (U.
S.
), Cisco (u.
s.
), General Electric (U.
S.
), Honeywell (US), IBM (US), Mitsubishi Corporation (Japan), Schneider Electric (Europe), Siemens (Europe), Oracle (US), SAP (Europe), Yokogawa (Japan), etc.
will become the world's leading intelligent manufacturing solution providers
during the forecast period.