Description

Frost & Sullivan has a long and successful track record covering the Industrial Automation and Manufacturing landscape, delivering best-in-class market intelligence and anticipating the market and technology trends that shape these industries to identify the most significant growth opportunities.

Two breakthrough events have changed the landscape forever: the Fourth Industrial Revolution (also known as Industry 4.0) driven by digital transformation and the COVID-19 pandemic. Both have had a significant impact on the global economy and workforce, and the consequences will continue to drive growth in 2023 and beyond.

Industrial Automation has taken on a new sense of urgency in the face of current and future crises, bringing new levels of resilience to companies. The focus of automation is moving toward the “intelligent automation” paradigm, which provides a broader range of business benefits through digitalization, decentralization as core pillars, and better strategies to overcome roadblocks such as macroeconomic recession, supply chain disruption, and talent shortage.

Manufacturing is undergoing significant transformation because of digital advancements and a focus on sustainability, net zero, and green energy sources to reduce the carbon footprint of facilities and products.

Author: Sebastian Trolli