WEB Automation Trends for Industry 4.0
Digitization and Industry 4.0 Revolution
WEB Digitization and the Industry 4.0 revolution are driving automation growth across industries. Companies must decide which activities to automate and what level of automation to use, from simple to complex.
McKinsey Global Industrial Robotics Survey Results
According to the 2022 McKinsey Global Industrial Robotics Survey, industrial robotics is expected to:
- Climb from $25 billion in 2023 to between $160 billion and $290 billion by 2030.
- Create 220 to 450 million new jobs by 2030.
Industry 4.0: The Fourth Industrial Revolution
Industry 4.0 is the fourth industrial revolution, characterized by the widespread adoption of advanced technologies and automation. This has led to increased productivity, efficiency, and competitiveness.
McKinsey's Industrial Robot Definitions and Categorizations
For this whitepaper, McKinsey's definitions and categorizations of industrial robots were used. This includes market size and forecast data for industrial robots with detailed segmentations in both revenue and units.
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