Connect with us

Technology

Industry 4.0 Market to Surpass USD 513.89 Billion by 2031 with Automation Surge | SkyQuest Technology

Published

on

WESTFORD, Mass., July 26, 2024 /PRNewswire/ — According to SkyQuest, the global Industry 4.0 Market size was valued at USD 133.05 billion in 2022 and is poised to grow from USD 154.6 billion in 2023 to USD 513.89 billion by 2031, growing at a CAGR of 16.2% during the forecast period (2024-2031).

Industry 4.0 or the fourth industrial revolution emphasizes the use of automation and interconnectivity. Employment of advanced technologies such as artificial intelligence, machine learning, robotics, and connected devices to improve the productivity and efficiency of industries. Rapid digitization and advancements in technology are forecasted to bolster the Industry 4.0 market growth over the coming years. The global Industry 4.0 market is segmented into technology, industry vertical, and region. 

Download a detailed overview: 

https://www.skyquestt.com/sample-request/industry-4-0-market

Industry 4.0 Market Overview:

Report Coverage

Details

Market Revenue in 2023

$ 154.6 billion

Estimated Value by 2031

$ 513.89 billion

Growth Rate

Poised to grow at a CAGR of 16.2%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Technology, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Report Highlights

Internet of Things (IoT) technology takes centerstage for Industry 4.0 adoption

Key Market Opportunities

Adoption of smart manufacturing and additive manufacturing practices

Key Market Drivers

Rising demand for automation across all industry verticals

Segments covered in Industry 4.0 Market are as follows:

TechnologyRobots (Traditional Industrial Robots {Articulated robots, Cartesian Robots, Selective Compliance Assembly Robot Arm (SCARA), Cylindrical Robots, Others}, Collaborative Robots), Blockchain in Manufacturing, Industrial Sensors (Level Sensors, Temperature Sensors, Flow Sensors, Position Sensors, Pressure Sensors, Force Sensors, Humidity & Moisture Sensors, Gas Sensors), Industrial 3D Printing, Machine Vision (Camera {Digital Camera, Smart Camera}, Frame Grabbers, Optics, and LED Lighting, Processor and Software), HMI (Offering {Hardware [Basic HMI, Advanced Panel-based HMI, Advanced PC-based HMI, Others], Software [On-premises HMI, Cloud-based HMI], Services}), Configuration ({Embedded HMI, Standalone HMI}, Technology {Motion HMI, Bionic HMI, Tactile HMI, Acoustic HMI}, End-user Industry {Process industries [Oil & Gas, Food & beverages, Pharmaceuticals, Chemicals, Energy & power, Metals & mining, Water & wastewater, Others], Discrete industry [Automotive, Aerospace & defense, Packaging, Medical devices, Semiconductor & electronics, Others]}), AI In Manufacturing (Offering {Hardware [Processor MPU, GPU, FPGA, ASIC, Memory, Network], Software [AI solutions- | On-premises, Cloud |, AI platform- | Machine learning framework, Application program interface |], Services [Deployment & integration, Support & maintenance]}, Technology {Machine learning [Deep learning, Supervised learning, Reinforcement learning, Reinforcement learning, Others], Natural language processing [Context-aware computing, Computer vision]}, Application {Predictive maintenance and machinery inspection, Material movement, Production planning, Field services, Quality control, Cybersecurity, Industrial robots, Reclamation}, Digital Twin {Technology [Internet of Things (IOT), Blockchain, Artificial intelligence & machine learning, Artificial intelligence & machine learning, Big data analytics, 5G], Usage Type [Product digital twin, Process digital twin, System digital twin], Application [Product design & development, Performance monitoring, Predictive maintenance, Inventory management, Business optimization, Others]}, Automated Guided Vehicles (AGV) {Type [Tow vehicles, Unit load carriers, Pallet trucks, Assembly line vehicles, Forklift trucks, Others], Navigation Technology [Laser guidance, Magnetic guidance, Inductive guidance, Optical tape guidance, Vision guidance, Others]}, Machine Condition Monitoring {Monitoring Technique [Vibration monitoring, Embedded systems, Vibration analyzers and meters, Thermography, Oil analysis, Corrosion monitoring, Ultrasound emission, Motor current analysis], Offering [Hardware – Vibration sensors, Accelerometers, Tachometers, Infrared sensors, Spectrometers, Ultrasound detectors, Spectrum analyzers, Corrosion probes], Software [Data integration, Diagnostic reporting, Order tracking analysis, Parameter calculation], Deployment Type [On-premises deployment, Cloud deployment], Monitoring Process [Online condition monitoring, Portable condition monitoring]})IndustryManufacturing, Automotive, Energy, Medical, Semiconductor & Electronics, Food & Beverage, Oil & Gas, Aerospace, Metals & Mining, Chemicals, and Others

Request Free Customization of this report: 

https://www.skyquestt.com/speak-with-analyst/industry-4-0-market

Internet of Things (IoT) Technology to Remain Indispensable for Industry 4.0

Internet of Things (IoT) remains the most crucial technology in global Industry 4.0 market growth owing to its role in interconnectivity and automation across different verticals. Advancements in connectivity technologies and rising use of automation in different industry verticals are also estimated to help this sub-segment gain an impressive market share. Surging demand for predictive maintenance will also boost the adoption of IoT technology in the long run.

Advanced robotic technologies are also slated to gain traction in the Industry 4.0 market. Growing acceptance of robots and high investments in advancements of robotic technologies are also slated to create new opportunities for providers of advanced robotics in the Industry 4.0 market. The low margin of error and the immense scope of automation are key benefits of robotics that help this sub-segment flourish.

Artificial intelligence (AI) will be another popular technology in the Industry 4.0 world going forward. Increasing demand for continuous monitoring, real-time analytics, and predictive maintenance are slated to help the demand for artificial intelligence in the future. The rising use of IoT devices will also boost the demand for cloud computing technology in the long run.

View report summary and Table of Contents (TOC): 

https://www.skyquestt.com/report/industry-4-0-market

Manufacturing Vertical to Spearhead Industry 4.0 Market Development

The manufacturing vertical is estimated to be at the forefront when it comes to Industry 4.0 adoption. The surge in use of robotics, advanced technologies, and smart manufacturing practices sets the tone for Industry 4.0 in this industry vertical. High emphasis on improving manufacturing efficiency, reducing downtime, and maximizing profits are all contributing to the high market share of this sub-segment.

The automotive industry is another vertical where Industry 4.0 market players could invest to get good returns. The high adoption of advanced robotics and other smart manufacturing technologies to maximize production allows this sub-segment to become a crucial one for Industry 4.0 providers. The aerospace and defense industry vertical also shows a lot of promise for Industry 4.0 companies going forward. Growing demand for advanced manufacturing techniques and technologies to create complex aerospace components is helping Industry 4.0 market growth via this segment.

The oil & gas industry is also estimated to embrace Industry 4.0 trend with open hands as they try to improve their operations and promote better resource utilization. High demand for predictive maintenance to reduce downtime and the growing adoption of digital oilfield solutions are estimated to bolster Industry 4.0 market development in the long run.

To sum it up, the application scope for Industry 4.0 is endless as automation and digitization pick up pace around the world. High investments in development of IoT and AI technologies will create better opportunities for Industry 4.0 companies in the future. The manufacturing industry will remain the top revenue generating sub-segment and more opportunities for aerospace, automotive, and oil & gas verticals will be seen over the coming years.

Related Report:

Digital Twin Market

Cyber Security Market

Artificial Intelligence (AI) Market

Internet Of Things (IoT) Market

Machine Learning Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo : https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg 

 

View original content:https://www.prnewswire.co.uk/news-releases/industry-4-0-market-to-surpass-usd-513-89-billion-by-2031-with-automation-surge–skyquest-technology-302206499.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

VIDA Highlights Cyber Threats to the Fintech Industry at Money20/20 Asia 2026

Published

on

By

BANGKOK, April 29, 2026 /PRNewswire/ — Fraud has evolved into industrial-scale operations across Southeast Asia. At Money20/20 Asia 2026, held from April 21 to 23 in Bangkok, VIDA, Indonesia’s leading digital identity network, warned that traditional approaches to identity security are no longer sufficient.

Founder and CEO of VIDA, Niki Luhur, shared this during the panel session “How Cybercriminals Target Fintech and What’s Next.” He highlighted how fraud has scaled across the region, from industrialized scam compounds to cross-border syndicates spanning Myanmar, Thailand, and Indonesia. In one case, authorities in Myanmar seized $12 billion in Bitcoin, underscoring the scale of these operations.

“Cybercrime is democratic, they don’t care what size institution you are. They just scan for vulnerabilities. All the doors that are open, they exploit them,” said Niki Luhur.

This industrialized scale is made possible by one thing: Systematic exploitation of weak points across digital systems. Rather than targeting specific institutions, cybercriminals focus on vulnerabilities that can be replicated and scaled across platforms.

Niki emphasized that while attention is on deepfakes, the real threat lies deeper in the attack chain, particularly in injection attacks. “Deepfakes get the buzz, but the door is an injection attack. The majority come from virtual cameras on compromised devices,” he added.

His solution is clear: layered defense requiring three simultaneous verifications; the person (biometrics), their identity (against government databases), and the device. This approach addresses the infrastructure gap where KYC and authentication systems remain siloed across financial institutions.

Alongside its presence at the conference, VIDA is also launching ID FraudShield, a new fraud detection solution built for threats that traditional biometric checks can no longer stop. ID Fraud Shield combines biometric liveness with device intelligence, behavioral analytics, network detection, and rule-based fraud evaluation, all delivered in parallel through one SDK. It’s designed for one purpose: catching the fraud that liveness alone misses.

About VIDA

VIDA is licensed Certification Authority (CA) registered under the Ministry of Communication and Digital Affairs of the Republic of Indonesia. Founded in 2018, VIDA provides digital identity services that integrate electronic certificates, digital signatures, identity verification, and transaction authentication, all adhering to world-class security standards, including Public Key Infrastructure (PKI) and biometric verification. VIDA verifies more than 2.5 million identities every day. For more information, visit www.vida.id 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/vida-highlights-cyber-threats-to-the-fintech-industry-at-money2020-asia-2026-302755906.html

SOURCE VIDA

Continue Reading

Technology

Digital Edge Publishes Fifth Annual ESG Report, Marking Progress on Renewable Energy, Green Finance and Water Stewardship

Published

on

By

SINGAPORE, April 29, 2026 /PRNewswire/ — Digital Edge today published its 2026 Environmental, Social and Governance (ESG) Report, themed “Staying Power: Scaling Up, Standing Out”, marking the company’s progress across its expanding portfolio of 31 data centers.

This is Digital Edge’s fifth voluntary annual report, showcasing achievements including 26% renewable electricity across its operations, landmark green loans totaling nearly US$1.25 billion, and an industry-first recycled water initiative in India.

Digital Edge’s ESG strategy is anchored in three pillars – Respect for Resources, Respect for People and Communities, and Respect for Transparency – each embedded across its operations to drive sustainable, high-performance digital infrastructure.

“Over the past year, we scaled with sustainability at the core – expanding renewable electricity across our portfolio, advancing green finance to support efficient growth, and investing in practical solutions for resource stewardship across our fastest-growing markets,” said John Freeman, Group CEO of Digital Edge. “As demand for AI-ready digital infrastructure accelerates, responsible growth is no longer optional; it is now a baseline requirement from customers, investors, and regulators for operating in our sector.”

Key highlights from the 2026 ESG Report:

Industry-first recycled water initiative in India: Up to 10 million liters of treated greywater deployed daily at the BOM campus in Navi Mumbai for cooling – saving potable water equivalent to the daily needs of ~100,000 people.Largest data center green loans on record: US$582 million for SEL3 in South Korea and US$665 million for CGK Campus in Indonesia.Renewable electricity increased to 26%: Up from 21% in 2024, keeping Digital Edge on track towards its ambition of 100% renewable electricity by 2030.Achieved LEED Gold certification at EDGE2 (Jakarta) and Silver at TYO7 (Japan), with five additional facilities in India, Thailand, and Indonesia on track to meet or exceed LEED Silver.Scaled underground fiber infrastructure in Indonesia for greater business continuity through Indonet: Since 2024, our Jakarta fiber network has grown nearly 5x, with 92% now running underground – improving service reliability for customers while minimizing disruption to public routes.100% uptime across all operational data centers: No material service disruptions recorded in 2025, underscoring the platform’s operational resilience and governance discipline.Green Finance Framework rated SQS2 (Very Good) by Moody’s: Independent validation of Digital Edge’s approach to sustainable capital deployment.Signatory to the UN Global Compact: Reinforcing our commitment to global standards in human rights, labour, environment, and anti-corruption.

The full 2026 ESG Report is available at digitaledgedc.com/esg-report/esg-report-2026

About Digital Edge

Where performance meets sustainability, Digital Edge powers Asia-Pacific’s digital transformation with reliable, secure, and sustainable infrastructure. Headquartered in Singapore and backed by Stonepeak, the company delivers high-performance data center and fiber solutions for hyperscalers and enterprises across nine countries in Asia Pacific. With 1.8GW of secured IT power, Digital Edge empowers businesses to scale rapidly and responsibly in a connected, energy-efficient future.

Visit www.digitaledgedc.com for more information.

Media Contact
Digital Edge
Geraldine Lim
geraldine.lim@digitaledgedc.com

View original content:https://www.prnewswire.com/apac/news-releases/digital-edge-publishes-fifth-annual-esg-report-marking-progress-on-renewable-energy-green-finance-and-water-stewardship-302755452.html

SOURCE Digital Edge

Continue Reading

Technology

Dreame TV Shines at DREAME NEXT with Advanced Display and Audio Technologies

Published

on

By

SAN FRANCISCO, April 28, 2026 /PRNewswire/ — INNIX, Dreame Technology’s premium home entertainment brand, presented its latest high-end television and home cinema product portfolio at a press conference held at the Palace of Fine Arts, San Francisco on April 28th. Focusing on enhancing the user experience, Dreame TV presented a diverse range of display innovations, including TVs, breakthrough display and audio innovations, highlighting its leading position in the industry. This strategic launch represents a significant milestone in INNIX’s North American market expansion and underscores the brand’s commitment to advancing home entertainment through differentiated, in-house developed technologies.

Global-first Dynamic Sound Engine: INNIX RGB Mini LED Transforming TV R8000F

The INNIX Aura Mini LED R8000 series, a flagship representation of Dreame’s high-quality TV technology, quickly became a highlight of the event. The INNIX Aura Mini LED R8000 series introduces the world’s first Dynamic Sound Engine—a proprietary audio architecture that dynamically synchronizes acoustic output with mechanical display transformations. This integration enables real-time adaptation of the soundstage in response to changes in screen form factor and orientation.

R8000F is the world’s first TV featuring a motion-adaptive 6.2.2 channel dynamic sound engine. Powered by the flagship Dreamind Master AI processor, it delivers millisecond-level real-time optimization of both sound and image—bringing every moment to a professional cinema-grade standard. On the display side, R8000F adopts next-generation RGB-Mini LED technology with direct red, green, and blue backlighting. By controlling color at the light source, it achieves exceptional color purity and expression—featuring 100% BT.2020 ultra-wide gamut and ΔE < 0.7 ultra-high color accuracy.

S100 — Black Crystal True Color Screen+A Soundbar Within, Achieving the Premium Atmosphere Maestro

As expectations for home entertainment continue to rise, users want to see more authentic detail, hear purer sound, and enjoy a simpler, all-in-one design. The S100 was created to meet these needs.

The S100 features Aura Mini LED backlight with full-array local dimming, delivering precise light control and deep blacks. With QLED+ technology producing over 1.07 billion colors, every detail is sharp and every shade true to life. Powered by the custom Dreamind Pro AI Processor, 2K content is intelligently upscaled close to 4K, with adaptive color and clarity tuning for natural, vivid frames. Furthermore, S100 features a Black Crystal True Color Screen, delivering an ultra-low 1.8% reflection, AG25 anti-glare, a stunning 20,000:1 contrast, hyper-realistic colors, and a consistent 178° wide viewing angle without color shift. This effectively eliminates glare even under bright environmental conditions.

At the same time, the S100 integrates a full soundbar into its body, this innovation delivers 4.1.2ch Master Sound System performance with 11 sound units and 70W peak power—far surpassing typical 40W outputs—creating 270° physical sound coverage. Consumers receive both a flagship TV and premium soundbar in one elegant package.

The S100 is not just a TV. It is an “Atmosphere Maestro” — seamlessly fusing sight and sound to deliver a truly cinematic immersive experience at home.

Available in more than 120 countries via over 6,500 retail outlets and flagship stores, Dreame TV seizes this press conference opportunity to position itself as a technological innovator in the global entertainment sphere. It offers high-quality, intelligent designs that revolutionize daily viewing experiences through cutting-edge proprietary technologies.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dreame-tv-shines-at-dreame-next-with-advanced-display-and-audio-technologies-302756500.html

SOURCE Dreame Technology

Continue Reading

Trending