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.
- Clearpath Robotics
- Mobile Industrial Robotics
Other prominent vendors
- Allscripts Healthcare Solutions
- Digital Reasoning
- Narrative Science
- Philips Healthcare
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
Laura Wood, Senior Manager
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SOURCE Research and Markets