The global market size for digital transformation in manufacturing was valued at USD 220.90 billion in 2018 and is anticipated to rise up to USD 642.35 billion by 2025 with a CAGR of 14.3% during the forecast period.
— Digital Transformation in Manufacturing Market Backed by 3D Printing and Automation
Need for value addition and transformation of business delivery aided by digitization across delivery models for improved productivity and operational efficiency are crucial for the enablement of digital transformation in manufacturing market, opines Adroit Market Research in its recent report compilation. Rising adoption of connected devices to support communication lends greater impetus to digitization in manufacturing, supported by industry 4.0 revolution and 5G advances. Digital transformation in manufacturing market is expected to integrate conventional manufacturing processes with novel digital technologies, favoring operational efficiency. One of the most commanding influences for enablement of digital transformation in manufacturing market is inclusion of 3D printing and automation.
Soaring initiatives for green manufacturing practices, inventory management and high throughput with low downtime and high financial efficiency have propelled integration of 3D printing, thus improving digitization in manufacturing space.
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KW Special Projects to Unveil New Facility with 3D Printing Capabilities to Support Digital Transformation in Manufacturing
Market participants are increasingly driving investments to make 3D printing more inclusive. Echoing this, Engineering manufacturing veteran, KW Special Projects based in the UK has affirmed its decision to launch new digitally enabled manufacturing facility, complete with 3D printing for superlative manufacturing output. The development will directly aid service delivery across verticals such as healthcare, automotive and defense amongst others. Developments as such are poised to enable fast track digitization in the manufacturing market.
Further in digital transformation in manufacturing space, 3D printing software development company, AMFG is likely to offer extensive range of 3D printing software to be deployed at DMC in the UK which is due to be functional in 2021.
Matured economies are likely to defend their winning stance, however likely to be closely followed by emerging economies such as India and China, striving to establish sustainable foothold in manufacturing space.
In the region segment, North America dominated the global digital transformation with almost 34.4% market share. The Asia-Pacific is the second-largest market not very far from North America and will be growing at the fastest growth rate of 15.0% during the forecast period. The manufacturing industry, especially in the United States is the early adopter of digital transformation. However, Asia-Pacific is expected to dominate the digital transformation market driven by heavy demand from manufacturing hubs such as China, Taiwan, and Japan. Also, developing manufacturing industry in economies such as India and Indonesia will be driving the adoption of digital transformation.
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The key digital transformation vendors for manufacturing sectors are: Amazon Web Services, Microsoft Azure, IBM, Google, SAP, VMware, Inc., Citrix Systems, Inc., Oracle Corporation and others.
Segment Overview of Global Digital Transformation Market in Manufacturing
Regional Overview, 2015-2025 (USD Billion)
• North America
o Rest of Europe
• Asia Pacific
o Southeast Asia
o Rest of APAC
• Middle East and Africa
• South America
Some Major Points from Table of Content (TOC):
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Global Digital Transformation Market Overview- Manufacturing
Chapter 4 Case Studies and Use Cases
Chapter 5 Vendor Outlook
Chapter 6 Regional Outlook
Chapter 7 Conclusions & Recommendations
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global digital transformation market. The report will benefit:
• Executives of digital transformation companies that provide digital transformation services
• Organizations in manufacturing focusing on understanding digital transformation
• Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global digital transformation market.
• Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative global digital transformation solutions.
• Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code - Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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