Market revenue in 2023 | USD 6,582.0 million |
Market revenue in 2030 | USD 25,166.2 million |
Growth rate | 21.1% (CAGR from 2023 to 2030) |
Largest segment | Hardware |
Fastest growing segment | Software |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 50.57% in 2023. Horizon Databook has segmented the Latin America industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America Industry 4.0 market has been experiencing significant growth in recent years, driven by the integration of advanced technologies into manufacturing processes. The main drivers of the growth of the Industry 4.0 market in Latin America is the need for businesses to remain competitive in an increasingly globalized market.
The Latin American government has been investing heavily in the development of advanced technologies such as artificial intelligence, robotics, and the Internet of Things. This investment has enabled Latin America to develop a skilled workforce capable of leading the adoption of these technologies in the manufacturing sector.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America industry 4.0 market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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