Report Code: A14542 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Smart Manufacturing Platform Market
Request Now !Smart manufacturing platform technology allows an operator to keep a check on production process by connecting internet assisted equipment and devices on single platform. Smart manufacturing platform allows to not only check and monitor device performance but also helps in optimizing the overall performance. However, device management platform allows to connect and disconnect new devices, control various devices, view facts of the devices and check their status, and monitor devices remotely. In the manufacturing industry, intelligent machines are being utilized to carry out the manufacturing procedure without any human intervention. Companies involved in industrial manufacturing are noticing high pressure to enhance productivity as well as lower manufacturing costs.
COVID-19 scenario analysis of smart manufacturing platform market:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Growing industrial automation
Industrial automation is defined as the use of control systems such as robots or computers for handling machinery and different processes in any industry. Mainly, in the manufacturing industry, intelligent machines are being used to carry out the manufacturing process without any human intervention. In addition, companies involved in industrial manufacturing are observing high pressure to increase productivity as well as lower manufacturing costs. However, to reduce manufacturing costs, increase productivity, and optimize resources, they are implementing industrial automation. Further, industrial automation systems remove human intervention; help in reducing the work, waste, and labor cost; minimize downtime and inaccuracies; increase process quality; and reduce the response and processing time. Thus, the systems also monitor and record valuable information to increase the manufacturing process, identify patterns, and implement changes to prevent future events.
Lack of skilled IoT-related workforce
Rising need to boost productivity, optimize resources, and lower manufacturing costs are major factors responsible for the growing demand for smart manufacturing platforms in manufacturing facilities. In addition, this platform helps manufacturers to collect and manage data repeatedly to make knowledgeable decisions and this data of machines and sensors is communicated to the cloud via IoT technology. Further, several companies across the globe have highly advanced in research and development and are adopting IoT technologies to industrialize their manufacturing processes. However, some companies are still following the traditional manufacturing practices due to lack of a skilled workforce related to IoT technology.
Rising adoption of IIoT and cloud technologies
IIoT is the application of connected sensors, instrumentation, and other machinery devices in the manufacturing industry. IIoT is developing manufacturing plants by connecting a wide network of intelligent devices that can upsurge automation in plants. In addition, with the help of IIoT, plant floors are becoming gradually interconnected and integrated, which led to the transformation of industrial automation into smart automation, enabling manufacturers to gain a higher return on investment. Further, IIoT facilitates users to access data of the unreachable areas of a plant. The IIoT makes industrial processes efficient, productive, and innovative, as the architecture provides information about operational and business systems on a real-time basis. The manufacturers investing in the IIoT are achievement profits such as increased and efficient productivity through connectivity, automation, and analytics.
Key benefits of the report:
Questions answered in the global smart manufacturing platform market research report:
Smart Manufacturing Platform Market Report Highlights
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Key Market Players | Schneider Electric SE, SAP, Hitachi, Ltd, Oracle, ABB, Microsoft, Rockwell Automation, Inc., Siemens AG, IBM, Emerson Electric Co, Others, PTC |
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