Market revenue in 2023 | USD 14,251.3 million |
Market revenue in 2030 | USD 47,264.2 million |
Growth rate | 18.7% (CAGR from 2023 to 2030) |
Largest segment | Hardware |
Fastest growing segment | Software |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hardware, Software, Services |
Key market players worldwide | ABB Ltd, Cisco Systems Inc, Cognex Corp, Denso Corp, Emerson Electric Co, Fanuc Corp, GE Aerospace, Honeywell International Inc, Intel Corp, Johnson Controls International PLC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Kuka Group |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industry 4.0 market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 49.06% in 2023. Horizon Databook has segmented the Germany industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Germany’s established manufacturing sector laid the foundation for industry 4.0. the country’s expertise in precision engineering, automotive manufacturing, and machinery set the stage for the integration of digital technologies into production processes.
Germany’s government provided financial incentives and policy frameworks to promote Industry 4.0 adoption. initiative like Smart Industry and funding for research projects encouraged companies to invest in digital transformation.
The shift from selling products to offering services, such as predictive maintenance, has opened new revenue streams for businesses. Germany’s leadership in Industry 4.0 has bolstered its global competitiveness attracting foreign investments and partnerships.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into Germany industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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