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.
Contact:
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Research Dive
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Blockchain Press Releases
KuCoin Managing Director Alicia Kao Highlights Crypto Education at Blockchain Life 2024
DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency market, proudly participated in Blockchain Life 2024, one of the industry’s premier events, held in Dubai as Stage Sponsor and Gold Sponsor. This event brought together a diverse group of enthusiasts, professionals, investors, and traders to delve into the ever-evolving world of blockchain and cryptocurrency.
During her keynote speech on “Shaping Crypto Minds with KuCoin: Education Makes Mastery,” Alicia, Managing Director of KuCoin, highlighted the knowledge gaps currently facing the industry. KuCoin is actively addressing these through its various educational initiatives. In the first half of 2024 alone, KuCoin Learn attracted 1.5 million engaged users, while its Learn and Earn program saw participation from over 2.72 million users since its inception. These programs are part of KuCoin’s broader effort to elevate user education and ensure traders and investors have the tools they need for informed participation in the crypto space.
Alicia emphasized the importance of security in her presentation, reiterating KuCoin’s commitment to prioritizing user needs and safeguarding their interests. “At KuCoin, we believe that an educated user is a secure user. Our educational platforms, including KuCoin Learn and KuCoin Campus, are designed to empower our users with knowledge that enhances their trading experiences while emphasizing the critical importance of security,” she stated.
In addition to her keynote, Alicia participated in a panel discussion titled “Crypto Exchanges and Private Investors: Shaping Investment Strategies and Adapting to Market Trends.” The panel explored effective strategies for navigating the crypto industry, focusing on how centralized exchanges (CEXs) can help foster industry growth by aligning with investor needs in changing market conditions.
KuCoin’s presence at Blockchain Life 2024 underscores its ongoing commitment to leadership through education in the cryptocurrency sector. It prepares its users to participate in and excel in the evolving digital economy.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Blockchain Press Releases
Bybit’s WSOT Copy Trading Fest Offers 100,000 USDT Prize Pool for Crypto Investors
DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announces the WSOT Copy Trading Fest, inviting crypto traders and investors to compete for their share of an exciting 100,000 USDT prize pool. Running until October 31, 2024, the event offers participants the opportunity to showcase their expertise or leverage the strategies of top traders.
The World Series of Trading (WSOT) 2024 marks the fifth edition of Bybit’s premier crypto trading event, renowned for bringing global traders together. This year’s WSOT features a total prize pool of up to 10,000,000 USDT, with the Copy Trading Fest adding a unique competitive element for both seasoned and beginner traders.
Tailored for All Traders
- Experienced Traders:
- Compete as Master Trader by executing winning strategies and aiming for the 100,000 USDT prize pool. The top 50 Master Traders with the highest PnL will split the 50,000 USDT pool.
- New and Aspiring Investors:
- Join as Follower, copying the strategies of Master Traders to maximize returns without needing advanced technical skills. The top 100 Followers by PnL will split an additional 50,000 USDT pool.
How to Join and Compete
- Choose Your Role: Decide whether you’ll lead as a Master Trader or copy trades as a Follower.
- Meet the Eligibility Criteria: Ensure a minimum $50,000 trading volume during the event to qualify for rewards.
- Accumulate PnL: Both realized and unrealized profits count towards your leaderboard ranking.
- Fast Rewards: All prizes will be credited to the Bybit Rewards Hub within 10 days after the event ends.
Seize the Opportunity Today!
Whether you’re aiming to showcase your expertise or earn passively by following seasoned traders, the WSOT Copy Trading Fest offers a competitive, transparent, and rewarding experience. With the trading community buzzing, now is the time to jump in and claim your share of the 100,000 USDT prize pool.
#Bybit / #TheCryptoArk / #WSOT2024
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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Finfare Connect, a market-leading rewards platform empowering businesses to engage and retain customers through personalized offers, has announced an innovative collaboration with ZBD, a leading payments company at the forefront of digital economies.
Finfare Connect is a part of Finfare Inc., a thriving fintech company with offices in Irvine, California and London.
Through this strategic alliance, Finfare will provide ZBD users with access to affiliate, card-linked, and instant cashback offers, enabling them to earn Bitcoin through everyday purchases, above and beyond those already earned via the ZBD app.
Beginning today, ZBD users will have the option to link their payment card or multiple payment accounts to start automatically earning rewards while shopping online or at in-person stores. Card linking involves connecting a single payment card, while account linking occurs when a user connects multiple bank accounts to earn highly customized rewards.
In terms of rewards, ZBD users who sign up for the program will have access to offers from thousands of well-known brands such as Nike, Adidas, Asics, Crocs, Tommy Hilfiger, Urban Outfitters, Cole Haan, Steve Madden; and popular retailers such as Nordstrom, Brookstone and Best Buy, among many others.
ZBD’s innovative app immerses users in a world of games and apps, allowing them to earn Bitcoin while enjoying diverse entertainment experiences.
Now, US-based ZBD users will be able to seamlessly earn Bitcoin through their everyday purchases simply by linking their payment accounts via the ZBD app. Then, they will automatically earn Bitcoin whenever they purchase an item that’s promoted by FinFare.
“We are thrilled to launch this exciting offering with ZBD,” said Alan Zrado, Executive Vice President, Finfare Connect. “Through this alliance, we are enhancing the way ZBD users engage with digital payments, offering them unparalleled opportunities to earn Bitcoin through their everyday transactions. This partnership also underscores our commitment to empowering businesses by providing their customers with compelling, customized, and valued rewards.”
“We are excited to join forces with Finfare Connect to give ZBD users greater value by giving them more ways to easily earn Bitcoin rewards,” said Ben Cousens, Chief Strategy Officer of ZBD. “By combining Finfare Connect’s expertise in personalized offers with ZBD’s cutting-edge payments technology, we are providing our users with a great way to earn Bitcoin by shopping as they normally would anyway.”
The post ZBD and Finfare partner to offer gamers cash rewards for their everyday purchases! appeared first on HIPTHER Alerts.
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