TMR: By 2026, the global smart manufacturing platform market will reach 15.93 billion US dollars

According to TMR data, the scale of the global smart manufacturing platform market in 2017 was US$2.76 billion and is expected to reach US$15.93 billion by 2026, with a compound annual growth rate of 21.5% during the

TMR pointed out that some of the key factors affecting market growth include: increased adoption of industrial automation and industry 4.0 solutions, government support for industrial automation, and increased demand for streamlined and automated data to increase productivity. However, the lack of skilled IoT employees and frequent software upgrades limit the growth of the market.

The smart manufacturing platform is associated with the concept of smart manufacturing or Industry 4.0. It enables companies to connect to the Industrial Internet of Things, which focuses on collecting, analyzing, and using as much data as possible, turning data insights into direct actions, and creating competitive advantages. Intelligent manufacturing platforms are generally available in terms of performance optimization, asset management, condition monitoring, and predictive maintenance.

Based on the type, the equipment management department has significant growth during the forecast period, because more and more industrial IoT solutions require the use of a large number of IoT devices in industry or factories. Effective device management is essential for monitoring and maintaining the health, connectivity and safety of IoT devices. The equipment management platform helps manufacturing companies effectively manage, track and protect equipment used in factories or industries.

It is worth mentioning that the market share of the Asia-Pacific region is expected to increase significantly during the forecast period. The main factors driving the growth of the smart manufacturing platform market in the Asia-Pacific region include: due to the continuous growth of industry automation, the demand for smart tools continues to rise, Industry 4.0, smart factories, Internet of Things, Industrial Internet of Things and increased investment in smart manufacturing platforms. To optimize productivity and improve maintenance efficiency.

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