New ARC Advisory Group research on the Automation Expenditures for Production Machinery market reveals that cloud connections and the ability to link to Industrial IoT platforms will be key drivers over the next few years, and connected machine offerings by automation suppliers, original equipment manufacturers, network solution providers, and IT vendors are increasing in the market.
“With Industrial IoT or Industry 4.0, smart machines, inventory systems, and production machinery will considerably improve industrial processes, driving the use of more automation. In addition, Industrial IoT or Industry 4.0 offers opportunities to apply new kinds of business models that will promote growth,” according to Stefan Miksch, Analyst, at ARC Advisory Group and key author of ARC’s Automation Expenditures for Production Machinery Global Market Research report.
“Evaluation of machine performance is changing, as customers and machine builders begin monitoring their machinery to determine optimal running conditions. This has become the predominant business case for developing an ecosystem built on the Industrial IoT in the industrial machinery market.” added Sal Spada, Director of Research, ARC Advisory Group, and peer author of the report.
About the Automation Expenditures for Production Machinery Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the production machinery automation market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year automation market forecasts by region, machinery segmentation, industry, and product type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.