Latest News
Product Lifecycle Management Among Digital Technologies Expected to Revolutionize the Complex Processes of Discrete Industries

Industrial Internet of Things (IIoT) in discrete manufacturing is transforming the entire manufacturing value chain, with manufacturers leveraging digital technologies to streamline their production planning. The higher demand for advanced product lifecycle management (PLM) solutions and the proliferation of technologies and their applications within shop floor processes are expected to drive the $2.05 billionmarket toward $3.09 billion by 2022, at a compound annual growth rate of 8.5%.
“Manufacturers are actively looking to incorporate advanced technologies such as Big Data Analytics and 3D printing in their production and assembly line,” said Karthik Sundaram, Program Manager, Industrial Automation & Process Control. “Furthermore, rising customer demand for reduced time to market and mass customization are prompting vendors to accelerate their manufacturing capabilities through system engineering and configuration management.”
Frost & Sullivan’s recent analysis, Global Digital Manufacturing Market in Discrete Industries, Forecast to 2022, examines the evolution of discrete industries and the resulting rise in opportunities for digital manufacturing. It identifies the key end-user industries and the strategies needed to succeed in them. The study covers the main regions of North America, Europe, Asia-Pacific, and Rest of the World (RoW).
For further information on this analysis, please visit: http://frost.ly/3k6
“The US manufacturing industry, especially automotive, is an enthusiastic adopter of advanced technologies such as Artificial Intelligence and Digital Twin,” noted Sundaram. “Meanwhile, Asia-Pacific is positioning itself as a digital manufacturing hub on the strength of rapid urbanization, industrialization, and the economy’s shift to value-added manufacturing. Countries and regions like Singapore, Japan, Thailand, and Hong Kong are especially exhibiting high industrial growth.”
PLM vendors are adopting various strategies for incorporating digital manufacturing products to remain competitive. Successful solutions providers will look to make the most of the growth opportunities offered by:
- Partnering with companies providing digital solutions and collaborating with government agencies to unlock opportunities within discrete manufacturing.
- Altering traditional pricing models so industrial manufacturers can penetrate niche markets.
- Complying with regulatory standards to leverage disruptive technologies and adopting new business models that improve efficiency and factory performance.
- Upgrading their technical capabilities to improve customer retention and foster long-term customer engagements.
SOURCE Frost & Sullivan
Blockchain
Blaqclouds Announces the Launch of DineWithCrypto.io, Revolutionizing Dining with Cryptocurrency Payments
Blockchain
Blaqclouds Announces Strong Growth for BitNotify.io and Unveils New ZEUS Wallet-to-Wallet Encrypted Messaging Feature
Blockchain
Europe Gift Card and Incentive Card Report 2025: Market to Grow by 8.5% to Reach $78.9 Billion this Year – Future Growth Dynamics to 2029

European Gift Card and Incentive Card Market
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain – March 31, 2025: Featuring Fnality, Jho Low, CGI National Bank of Canada, Skuchain, Hong Kong Tokenized Funds, and Alabama Crypto Regulations
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain – April 3, 2025 | NORDO Meme Coin, DTCC, WhiteBIT Nova, HashKey, North Korea Cyber
-
Blockchain Press Releases6 days ago
Why Are There No New Users in the Crypto Market? How Multi-Asset Trading Wallet BiyaPay Is Finding New Solutions Amidst Fierce Competition and User Confusion ?
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain – April 2, 2025 | Featuring Ambient, Blockchain Association, Beyond Medical Technologies, and UK Trade Bodies
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain – April 1, 2025 Featuring: Ambient Blockchain, HashSphere, Musk’s Blockchain Voting, Jackson IO Staking Model, Hedera-Powered HashSphere
-
Blockchain Press Releases3 days ago
MEXC to List StakeStone (STO) to Support Omnichain Liquidity Innovation with 130,000 USDT Airdrop+ Rewards
-
Blockchain2 days ago
Blocks & Headlines: Today in Blockchain – April 4, 2025: BNY, Binance, CZ, DEBLOCK, Sui, Circle & OpenAI
-
Blockchain Press Releases6 days ago
K9 Finance DAO Joins Google for Startups Cloud Program