The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Digital Transformation in Manufacturing Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2031.

The digital transformation in manufacturing market is projected to grow US$ 550 Bn by 2031, at an expected CAGR of more than 17% during the forecast period 2021-2031. Due to Covid-19, there is a shift from traditional to new digitalized business models and this has led to introduction of more technologically advanced products and services.

Digital transformation in manufacturing can reduce processing costs and enhance cost efficiency. Those days are gone, when manufacturing companies used to focus less on the production cost of a product and which led to high-end product costs. However, with the help of digital transformation, unnecessary costs can be reduced. Companies across different sectors are working remotely due the guidelines of Covid-19 for following social distancing. People are using online services for their essential and non-essential needs. This has resulted into the demand for robust cloud infrastructure. As everyone is working remotely, cloud computing is playing an important role in making manufacturing processes and activities more seamless.

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UK Demand Outlook for Digital Transformation in Manufacturing

Due to significant rise of the digital transformation technologies in the UK, it will attribute to the availability of more technical solutions in the upcoming years. The country is dependent on new technologies and innovations to produce higher quality products with lower costs and to achieve this goal, companies in the country are adopting intelligent solutions. UK is expected to hold a major share as there are several initiatives taken by government to aid the transformation of the traditional manufacturing industry. The manufacturing plants with IoT technology in the country are allowing manufacturing companies to optimize their product and service innovations, supply chain and logistics management and business operations.

Who are the Key Solution Vendors in Digital Transformation in Manufacturing?

Key players such as

• Microsoft, SAP
• Cognizant
• Adobe
• Dell EMC
• IBM
• Google
• Marlabs
• Accenture
• Broadcom
• Equinix
• Oracle
• HPE

Key Segments of Digital Transformation in Manufacturing Market

By Solution:

• Cloud-based MES Platform
• AI-enabled Predictive Maintenance
• Manufacturing Analytics Solution
• Threat Intelligence platform
• IIoT Platform
• Others

By Deployment:

• On-premises
• Cloud

By Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises

By Industry:

• Food & Beverages
• Pharma & Medical Devices
• Chemicals & Materials
• Paper & Pulp
• Electronics & Electricals
• Others

 

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Queries Solved

• What is the size of the overall Digital Transformation in Manufacturing Market in the Technology Market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities, and challenges of the Digital Transformation in Manufacturing Market in the Technology Market, and how they are expected to impact the market?
• What are the attractive investment opportunities within the Digital Transformation in Manufacturing Market in the Technology Market?
• What is the Digital Transformation in Manufacturing Market in the Technology Market size at the regional and country-level?
• What are the key market players focusing on?
• What are the strategies for growth adopted by the key players in Digital Transformation in Manufacturing Market in the Technology Market?
• What are the recent trends in Digital Transformation in Manufacturing Market in the Technology Market? (M&A, partnerships, new product developments, expansions)?
• What are the challenges to the Digital Transformation in Manufacturing Market in the growth of the Technology Market?
• What are the key market trends impacting the growth of the Digital Transformation in Manufacturing Market in the Technology Market?

 

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Market Background                             

Reasons to Buy the report

• The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

 

• We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.

 

• Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.