Global Smart Machines Market 2017-2021 - Latest Trend Gaining Momentum in the Market is Emergence of IIoT

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15 Sep, 2017, 14:15 GMT

DUBLIN, September 15, 2017 /PRNewswire/ --

The "Global Smart Machines Market 2017-2021" report has been added to Research and Markets' offering.

The global smart machines market to grow at a CAGR of 17.02% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global smart machines market for 2017-2021. To calculate the market size, the report considers the revenue generated from hardware, software, and services offered by vendors in the global smart machines market. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Emergence of IIoT. The development of Industrial Internet of Things (IIoT) and technological enhancements have fueled the adoption of smart machines in the industrial as well as services sectors. The high demand and use of smart devices, wireless, and cloud technology will influence the future of smart machines in terms of the range of utility and mode of operation.

According to the report, one of the major drivers for this market is Changes in global labor force. Rapid industrialization across the globe has led to increased labor demand. This has, in turn, resulted in an appreciation in the average labor cost along with a decrease in availability of skilled workers in growing sectors such as healthcare, manufacturing, logistics, agriculture, and mining. By 2050, the working age population in the world is expected to decrease significantly, especially in countries such as China and Japan. This fear has triggered increased adoption of smart machines, thereby requiring less manual labor to oversee the entire operation.

Further, the report states that one of the major factors hindering the growth of this market is High cost of deployment. Smart machines such as autonomous robots involve the use of sensors, software, and advanced technologies, which incur significant one-time costs for deployment. The high costs involved are a major impediment for potential end-users, especially in developing countries that have price-sensitive customers. Also, additional costs are involved in the modification of infrastructure and facilities, required for the seamless integration of smart machines in existing markets. The end-users that invest in smart machines also opt for additional services, such as customization and services, which fulfill operational requirements as per the intended use of the product.

Key vendors

  • Aethon
  • Cerner
  • Clearpath Robotics
  • IBM
  • KUKA
  • Mobile Industrial Robotics

Other prominent vendors

  • Allscripts Healthcare Solutions
  • Amazon
  • Apple
  • Digital Reasoning
  • Elsevier
  • Google
  • McKesson
  • Microsoft
  • Narrative Science
  • Philips Healthcare
  • Samsung

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Key Takeaways

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/cwdwmd/global_smart

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