Global Smart Machines Market 2024-2028
Global Smart Machines Market 2024-2028
The smart machines market is forecasted to grow by USD 51.8 bn during 2023-2028, accelerating at a CAGR of 27.23% during the forecast period. The report on the smart machines market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by changes in global labor force, miniaturization of sensors, and technological advances in hardware.
Technavio's smart machines market is segmented as below:
- By Component
- Software
- Hardware
- By Product
- Expert systems
- Autonomous robots
- Digital assistants
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the emergence of iiot as one of the prime reasons driving the smart machines market growth during the next few years. Also, increase in adoption of data analytics and improvements in machine vision systems will lead to sizable demand in the market.
The report on the smart machines market covers the following areas:
- Smart machines market sizing
- Smart machines market forecast
- Smart machines market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart machines market vendors that include Alphabet Inc., Amazon.com Inc., Apple Inc., BAE Systems Plc, Oracle Corp., Clearpath Robotics Inc., CoreTigo Ltd., Creative Virtual Ltd., HAHN Group GmbH, International Business Machines Corp., Koninklijke Philips N.V., KUKA AG, Microsoft Corp., Mobile Industrial Robots AS, RELX Plc, Salesforce Inc., Samsung Electronics Co. Ltd., Smarsh Inc., ST Engineering Aethon Inc., and Veradigm LLC. Also, the smart machines market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.