/PRNewswire/ The machine tool manufacturing industry is facing a transformative decade, and as manufacturers needs are more digitally focused, machine tool.
LONDON, March 16, 2023 /PRNewswire/ The machine tool manufacturing industry is facing a transformative decade, and as manufacturers' needs are more digitally focused, machine tool builders
The chemical industry has finally woken up to the benefits of Industry 4.0 and is ready to spend in the face of challenges such as increasing margin pressures and a declining labor force NEW
/PRNewswire/ While still considered laggers in the digital transformation space, the Covid-19 pandemic forced the chemical industry to accept that digital.
The chemical industry has finally woken up to the benefits of Industry 4.0 and is ready to spend in the face of challenges such as increasing margin pressures and a declining labor force NEW YORK, June 29, 2022 /PRNewswire/ While still considered laggers in the digital transformation space, the Covid-19 pandemic forced the chemical industry to accept that digital transformation is critical to its future success. According to a new analysis by global technology intelligence firm ABI Research, chemical manufacturer's investment into digital transformation will grow at a CAGR of 6% between 2022 and 2031, reaching US$7.4 billion. Investment into data analytics to better understand plant conditions and optimize production will grow to be worth up to US$1 billion in 2031. Supporting this will be continued investment in industrial device and application services, alongside security, both seeing fair growth of CAGR 5.9% and 8.4% respectively. "The chemical industry is facing signifi