San Francisco, California, December 13, 2017: A recent market research report by TMR Research highlights the key growth opportunities and trends recently observed in the global market for connected/smart industries. The report is titled “Connected/Smart Industries Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”
The report discusses the key factors that are presently – and that could over the future years – influence the overall development of the global market for connected/smart industries. One of the key factors impacting this rapidly expanding market is the significant rise in adoption of cloud computing. The rapid pace of development across this sector, massive reduction in cost of cloud-based services, and the increased number of companies providing such services across the globe are all contributing towards the increased adoption of connected technologies across a number of industries. Vast developments in sensing technologies and the increased rate of awareness regarding the vast benefits of internet-of-things in terms of reduced turnaround time of operations, costs, and improved time to market are also compelling organizations across a number of sectors to switch to connected technologies.
The report states that the market will expand at a highly promising pace in the next few years and industries such as transportation, manufacturing, automotive, and healthcare are prognosticated to generate vast growth opportunities. The report presents a detailed analysis of the scope of development of the connected/smart industries market across these and other key end-use sectors. A close analysis of growth prospects across key end-use sectors with the view of key regional markets is also included in the report.
The report analyzes the market across regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. It is estimated that the market will achieve most of its early traction and growth opportunities in regions with developed economies such as North America and Europe over the report’s forecast period. However, the market in Asia Pacific will emerge as the one with the most promising growth opportunities in terms of CAGR over the forecast period. The region will emerge as a lucrative market for connected/smart industries on the back of the thriving industrial sector and the rapid pace of adoption of advanced technologies in countries such as India, China, Singapore, and Australia.
Several technological giants are trying their luck in the connected/smart industries sector and are focusing on growth opportunities across new, unexploited regional markets. The market already has several big technology companies and a number of small and medium-scale companies across regional pockets. As such, the level of competition in the market is intense and could further intensify with the presence of several high-end solutions.
The report includes the recent developments in the market in terms of strategic collaborations among leading players, mergers and acquisitions, and technological advancements observed in the recent years. Growth trajectory of leading players is also highlighted in detail in the report. The report also presents the detailed business profiles of leading companies presently functional in the global connected/smart industries sector. Some of the leading companies in the sector are ABB Group, General Electric, Cisco Systems, Inc., IBM Corporation, and Intel Corporation.
Get Sample Copy of this Report