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Industry 4.0 Market Share

Report ID: GMI6808
Published Date: Jul 2024
Report Format: PDF

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Industry 4.0 Market Share

Siemens AG and General Electric Company are dominant players in the industry 4.0 industry, holding around 10% of the market share. Siemens is renowned for its comprehensive industrial automation and digitalization solutions, while General Electric excels in providing industrial IoT and data analytics services. Both companies have extensive experience and a vast portfolio of products and services that cater to the evolving needs of the manufacturing and industrial sectors. Their strong market positions reflect their innovative technologies, deep industry partnerships, and commitment to driving the transformation of traditional industries into smart, efficient, and connected ecosystems.

Industry 4.0 Market Companies

Major players operating in the industry 4.0 industry are:

Siemens AG
General Electric Company
Cisco Systems Inc.
Honeywell International Inc.
Robert Bosch GmbH
Schneider Electric
Oracle Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of industry 4.0 was worth more than USD 114.3 billion in 2023 and is anticipated to register over 20% CAGR between 2024 and 2032, backed by the increasing adoption of automated equipment and tools.

The manufacturing segment held around 20% market share in 2022 and is expected to experience robust growth by 2032, as the manufacturing industries are increasingly adopting advanced technologies.

North America led the global Industry 4.0 market with a share of over 30% in 2022 and will grow substantially through 2032, as region has a robust technological infrastructure and a strong focus on innovation, making it conducive to the adoption of Industry 4.0 technologies.

Siemens AG, General Electric Company, Cisco Systems Inc., Honeywell International Inc., Robert Bosch GmbH, Schneider Electric, and Oracle Corporation.