Blockchain Press Releases
Smart Manufacturing Market to Exhibit 13.7% CAGR and Generate $860.00 Billion by 2031 | Research Dive
The global smart manufacturing market is expected to grow primarily due to the growing need for automation in various industries. Automotive sub-segment is expected to flourish immensely. The market in the North America region is predicted to grow at a high CAGR by 2031
NEW YORK, June 28, 2023 /PRNewswire/ — Global Smart Manufacturing Market Forecast Analysis:
As per the report published by Research Dive, the global smart manufacturing market is expected to register a revenue of $860.00 billion by 2031 at a CAGR of 13.7% during the forecast period 2022-2031.
Segments of the Smart Manufacturing Market
The report has divided the smart manufacturing market into the following segments:
- Component: hardware, software, and services
- Hardware– Dominant market share by 2031
Increasing use of smart manufacturing in hardware component production to improve efficiency, reduce costs, and improve quality is anticipated to augment the growth of this sub-segment by 2031. - Application: machine execution system, programmable logic controller, enterprise resource planning, SCADA, discrete control systems, human machine interface, machine vision, 3D printing, product lifecycle management, plant asset management, and others
- Product Lifecycle Management– Huge market revenue by 2031
Increasing demand for smart manufacturing solutions that can deliver real-time data and insights to support decision-making is expected to propel the growth of this sub-segment by 2031. - End-User: automotive, aerospace & defense, chemicals & materials, healthcare, industrial equipment, electronics, food & agriculture, oil & gas, and others
- Automotive– High CAGR by 2031
The rise in demand for high-quality and reliable vehicles has increased the use of smart manufacturing technologies by automotive manufacturers to improve their production processes. This is expected to push the growth of this sub-segment in the forecast period. - Region: North America, Europe, Asia-Pacific, and LAMEA
- North America– Significant market share in 2021
The increasing adoption of advanced technologies such as IoT, artificial intelligence (AI), and big data analytics is anticipated to give a major boost to the market in the forecast period.
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Dynamics of the Global Smart Manufacturing Market
Increasing demand and need of automation in various industries is expected to be the primary growth driver of the smart manufacturing market in the forecast period. Moreover, growing advancements in IoT and Big Data is predicted to augment the growth rate of the market. However, according to market analysts, high implementation costs might become a restraint in the growth of the market.
The growing need by various industries for increased efficiency and productivity has increased the demand for window coatings, which is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, growing demand for smart manufacturing by food & agriculture and aerospace industries is expected to propel the smart manufacturing market forward in the coming period.
COVID-19 Impact on the Global Smart Manufacturing Market
The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The smart manufacturing market, however, was moderately impacted due to the pandemic. The market faced a slowdown as many manufacturing industries were closed during the pandemic due to the lockdowns. However, at the same time, there was an increase in demand for automation due to shortage of labour, which helped the market grow during the pandemic.
Key Players of the Global Smart Manufacturing Market
The major players of the market include
- ABB Ltd.
- Schneider Electric
- Fanuc UK Limited
- Siemens
- Honeywell International Inc.
- Fujitsu Global
- General Electric
- Emerson Electric Co.
- IBM
- Rockwell Automation Inc
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain market growth.
For instance, in July 2021, Cognizant, a leading information technology company, announced the acquisition of TQS Integration, a reputed industrial data and intelligence company. This acquisition is expected to help Cognizant to establish its lead in the smart manufacturing market in the coming period.
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter’s five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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DUBAI, UAE, Jan. 27, 2025 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is unleashing the rewarding power of its SOL liquid staking token bbSOL in the first mega airdrop of 2025, the bbSOL Golden Maxi Rewards event. With over $700,000 worth of SONIC, J, SSI, and ALCH up for grabs in prizes, the event is bbSOL’s largest giveaway to date, and promises to get Bybit Web3 users in festive spirit throughout the Lunar New Year.
From Jan. 27 to Feb. 17, 2025, eligible users may exclusively get on board the growth journey of bbSOL and explore rewards options during the event, by simply staking 0.5 SOL or more on Bybit Web3 using their Bybit Web3 Seed Phrase Wallet. Registration and other tasks are required, terms and conditions apply. The top stakers may be eligible for up to 800 J, 800 SONIC, 80 SSI, and 800 ALCH in Red Packets.
Barely five months’ old, bbSOL is fast maturing as a popular portal to the Solana ecosystem, connecting Bybit Web3 users to the immense opportunities on the emerging SOL network without leaving the Bybit app. The innovative SOL staking solution has seen over $280 million in Total Value locked since its launch.
“At Bybit Web3, we are constantly thinking out of the box to provide more creative solutions and pathways to returns. bbSOL is the culmination of our focus on product innovation. And we are committed to offering an expansive range of rewards and helping our users stay ahead of the curve of Web3 innovations,” said Emily Bao, Head of Spot and Web3 at Bybit.
Bybit Web3 made significant strides in 2024, building a robust ecosystem to connect millions of users worldwide to multi-chain opportunities. In a recent keynote address by Ben Zhou, the CEO and Co-founder of Bybit alluded to the future of on-chain Bybit as a gateway to Web3. The Web3 dimension of Bybit plays a pivotal role in integrating on-chain asset management, delivering advanced CeDeFi trading solutions into a seamless Web3 experience for all.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 10 million wallet users, over 20 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 40 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.
This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.
The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.
As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.
Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.
“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”
“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.
The post Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation appeared first on News, Events, Advertising Options.
Blockchain
DYOR Partners with Ava Labs, Announces Major Developments With Matt Dyor Joining as Advisor Plus Acquisition of DYOR.com
DYOR, the innovative cryptocurrency research and analytics platform, has announced a listing partnership with Ava Labs, the company behind the Avalanche blockchain and AVAX coin, to launch on January 25th. The collaboration coincides with Ava Labs’ decision to reduce gas fees on Avalanche by one-twenty-fifth, a 96% decrease and a significant move to further drive blockchain adoption and accessibility.
The announcement also marks a series of exciting developments for DYOR, including the acquisition of the premium domain DYOR.com and the appointment of Matt Dyor as an advisor. Dyor, who has held key roles at Google, Amazon, Microsoft and other leading tech companies, brings a wealth of expertise in scaling technology platforms and user-focused innovation.
“What excites me the most is DYOR’s focus on bringing new users into crypto,” said Matt Dyor. “The most exciting aspect is how DYOR addresses real-world financial needs—going beyond just buying and holding crypto. By enabling smart contracts, decentralized trust, and seamless, automated payments, DYOR is bridging the gap between Web3 and traditional finance in a truly impactful way.”
The partnership with Ava Labs underscores DYOR’s mission to empower crypto enthusiasts and institutional users with transparent tools to make informed decisions. Avery Bartlett, Head of Business Development at Ava Labs, expressed enthusiasm about the collaboration: “Avalanche has some of the smartest devs building some of the most forward thinking applications in crypto. What we’ve been needing more of is cutting edge trader tooling for the on-chain degens that make this industry so exciting. DYOR is moving at the speed of light to deliver on some of the tooling this chain deserves. Excited for them.”
The acquisition of DYOR.com further cements the platform’s position as a trusted resource for crypto research and education, making it more discoverable and user-friendly for audiences worldwide.
DYOR Labs is redefining DeFi with a cutting-edge platform that empowers traders and developers alike. Offering real-time insights, advanced token data, and customizable workflows, users benefit from unmatched speed and cost efficiency. With features like fiat on/off ramps, cross-chain swaps, a native DEX, and Team Dashboards for transparency and project management, DYOR ensures seamless trading and trust-building across blockchains. Looking ahead, DYOR is set to launch AI-powered insights, gamified user engagement, on-chain ad auctions, and integrated social feeds, solidifying its position as a leader in DeFi innovation.
As DYOR continues to expand its capabilities and partnerships, this collaboration sets the stage for a new era of transparency, accessibility, and utility in the cryptocurrency space.
The post DYOR Partners with Ava Labs, Announces Major Developments With Matt Dyor Joining as Advisor Plus Acquisition of DYOR.com appeared first on News, Events, Advertising Options.
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