Report cover image

The Extent of Smart Manufacturing—Global Trends

Publisher Frost & Sullivan
Published Nov 22, 2023
SKU # MC18339395

Description

The Extent of Smart Manufacturing—Global Trends



Manufacturers face several challenges—the continuing effects of the COVID-19 pandemic, a shortage of skilled workers, supply chain disruptions, cybersecurity issues, and geopolitical risks such as the Russo-Ukrainian War. To thrive, they need to be agile in an increasingly disruptive world while meeting their business and operational objectives.

Smart manufacturing enables manufacturers to address current and evolving challenges. The use of AI, ML, cloud, AR, VR, IIOT, digital twins, robotics, and advanced analytics helps manufacturers address specific challenges. For example, the use of AR/VR can improve workforce productivity, efficiency, and safety. Easy and affordable access to technologies along with practical use cases is a driver for adoption.

In addition, the modularization of software and technology helps manufacturers make incremental investments and enjoy quick value and targeted technology adoption while providing a path to growth. Companies are moving their industrial applications to the cloud—a cloud-based smart manufacturing platform strategy helps consolidate software systems and enables effective digital transformation. Finally, ESG initiatives and sustainability goals are also priorities for manufacturers, which this research service discusses.

Table of Contents

Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Smart Manufacturing Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Opportunity Analysis
Smart Manufacturing—Market Trends
Smart Manufacturing—Market Trends
Smart Manufacturing—Market Trends
Smart Manufacturing—Market Trends
Smart Manufacturing—A Snapshot
Smart Manufacturing—A Snapshot
Smart Manufacturing—A Snapshot
Technology Drivers
Technology Drivers
Technology Drivers
Growth Drivers
Growth Restraints
Leading Growth Obstacles and Their Impact on the Manufacturing Industry
Smart Manufacturing Solutions to Overcome Growth Obstacles
The Future of Manufacturing
Building an Effective and Resilient Supply Chain
Building an Effective and Resilient Supply Chain
Smart Manufacturing Ecosystem
Steps for Smart Manufacturing Adoption
ESG, Sustainability and Smart Manufacturing
ESG, Sustainability in Smart Manufacturing
Smart Manufacturing for a Sustainable Future
Software System Consolidation
The Challenges of Disconnected, Inconsistent Data and Systems Across Silos
Lack of Process Harmonization Constrains Continuous Improvement
Smart Manufacturing and Software Systems Consolidation
Resource Optimization Increases an Organization’s Ability to Innovate
Smart Manufacturing Platforms Break Down Silos and Allow System Consolidation
Platform Strategy in Smart Manufacturing
Smart Manufacturing Platform
Smart Manufacturing Platform
Platform Values for Manufacturers
Cloud-based Approach to Industrial Operations
Companies are Moving Their Industrial Applications to the Cloud
A Multitenant Cloud SaaS Solution in Digitalization
Strategic Partnerships in Smart Manufacturing
Modularization
Modularization of Software and Technology Capabilities
Modularization of Software and Technology Capabilities
Modularization Increases Accessibility and Adoption Rates Among
Smart Manufacturing Offerings
Companies and Their Smart Manufacturing Offerings
Companies and Their Smart Manufacturing Offerings
Companies and Their Smart Manufacturing Offerings
Companies and Their Smart Manufacturing Offerings
Companies and Their Smart Manufacturing Offerings
Companies and Their Smart Manufacturing Offerings
Case Study
Case Study
Regional Trends
North America
Europe
APAC
MEA
Growth Opportunity Universe
Growth Opportunity 1: Smart Manufacturing for Adaptation to a Highly Dynamic Automotive Industry
Growth Opportunity 1: Smart Manufacturing for Adaptation to a Highly Dynamic Automotive Industry
Growth Opportunity 2: Smart Manufacturing for Increased Productivity and Sustainability
Growth Opportunity 2: Smart Manufacturing for Increased Productivity and Sustainability
List of Exhibits
Legal Disclaimer

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us