Is Your Company Fully Equipped to Capture New Growth Opportunities in the Industrial Landscape?

The global industrial landscape is rapidly evolving, driven by Strict pharmaceutical regulations and rising environmental standards. Growth areas such as chromatography and sustainable fluid power designs are gaining momentum. Shifting to software-based solutions is enhancing manufacturing flexibility and productivity, addressing challenges like an aging workforce and the demand for product personalization. To stay competitive in this fast-paced environment, adopting IT best practices and advancing automation, particularly software-defined automation, is crucial.???

Has your company identified the most promising avenues for growth?

The latest Frost & Sullivan Growth Opportunity Newsletter on the global industrial landscape provides your team with essential best practices for navigating and leading in today’s dynamic industry. It addresses key questions such as:?

• How can LiDAR’s growth in automotive, industrial, and consumer electronics transform product efficiency and accuracy??

• With the global MES industry expected to grow from $13.66 billion in 2023 to $25.43 billion by 2030, what are the megatrends shaping its transformation??

• Are you leveraging sustainability in water management? How are real-time monitoring and data analytics driving transformation in optimizing water usage??

• How is the demand for modular test equipment growing across sectors, and what best practices can help you address environmental concerns and technology needs??

Why is it essential to leverage the transformative power of PLM???

As technologies transform manufacturing with "smart factories," advanced Product Lifecycle Management (PLM) is crucial. Modern PLM systems must manage a product's entire journey, from design to after-sales, to ensure efficiency and sustainability and drive future growth.?

Key Highlights:??

• PLM industry revenue was $7.84 billion in 2023.??

• APAC has the lowest current PLM adoption but high growth potential due to its economic rise and shift to modern practices.?

Growth Opportunities:?

• Cloud-Native SaaS Solutions: New, cost-effective, and agile cloud-native SaaS offerings are pushing a shift from traditional on-premises PLM.?

• SaaS and Cloud Models: Modern cloud-based technologies are enhancing PLM access and driving innovative business models.?

• Growth Drivers: Factors like Red Sea tensions and new sustainability laws are accelerating industry growth.?

• Competitive Edge: The rise of new competitors with cloud-native solutions and an expanding partner ecosystem is reshaping the industry, with SaaS models gaining traction for their customer alignment and revenue predictability.??

Is the future of industrial operations fully digital???

Supply chain issues, labor costs, and increasingly urgent sustainability concerns are driving reliance on transformative technologies as customers grapple with shifting industry demands and the need to maintain consistent quality.?

Which technologies are industries adopting to stay competitive??

• The non-destructive testing (NDT) industry is now adopting technologies like digital twins, AI, AR/VR, and robotics for enhancing remote inspections, predictive maintenance, and training, and driving the shift towards the industrial metaverse.?
• Industrial robotics are gaining traction in the food and beverage and pharmaceutical sectors due to workforce shortages, improving efficiency, consistency, and sanitation.?
• Manufacturing is adapting to challenges such as an aging workforce and increased demand for customization by embracing software-defined automation.?
• In Farming 4.0, digital solutions like autonomous equipment, real-time monitoring, and AI are reducing manual labor and boosting efficiency. Technologies such as computer vision and blockchain are essential for advancing sustainable farming.?

Top Strategic Imperatives for Growth??

Top 10 Strategic Imperatives Impacting the Digital Industrial Accelerators?

• Bridging the growth gaps for technology skills and adoption?
• Examining how you can thrive amidst transformation and ensure resilience amidst trade disruptions?

• Embracing generative artificial intelligence for automation to achieve growth?

Explore More Growth Opportunities:

Don’t miss out on our Transformational Journey section which provides thought leadership to execute key growth opportunities.

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