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Digital Transformation Market in Manufacturing to Reach $1,170.7 Billion by 2032, Growing at a CAGR of 23.7% from 2025–Exclusive Report by Meticulous Research®

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Market Growth Driven by Adoption of AI, Advanced Robotics, and Cloud Computing Solutions

REDDING, Calif., April 11, 2025 /PRNewswire/ — According to a new market research report titled “Digital Transformation Market in Manufacturing by Offering (Services), Enterprise Size, Deployment Mode, Technology (Cloud Computing, AI & ML, IoT, AR & VR), End-use Industry (Pharmaceuticals) – Global Forecast to 2032”, published by Meticulous Research®, the global digital transformation market in manufacturing is projected to reach $1,170.7 billion by 2032, growing at a robust CAGR of 23.7% from 2025 to 2032. This expansion is driven by the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML), the rise of advanced robotics and automation, and manufacturers’ preferences for cost-efficient processes.

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KEY MARKET DRIVERS AND TRENDS

The digital transformation market in manufacturing is rapidly expanding, driven by the increasing adoption of AI, machine learning, and advanced robotics to enhance operational efficiency, reduce downtime, and optimize production. Cloud computing is also playing a vital role, offering scalable and flexible solutions for real-time collaboration and data access. The integration of IoT devices is transforming manufacturing floors into smart, connected ecosystems, enabling predictive maintenance and process automation. Additionally, rising demand for customized products and faster time-to-market is pushing manufacturers to embrace digital technologies. Sustainability initiatives and the need for cost-efficient production methods further fuel this trend, making digital transformation a strategic priority across the manufacturing sector.

GROWTH OPPORTUNITIES

The digital transformation market in manufacturing presents numerous growth opportunities driven by technological advancements and evolving industry demands. One of the most significant opportunities lies in the integration of Artificial Intelligence (AI) and Machine Learning (ML) into manufacturing operations. These technologies enable predictive maintenance, real-time process optimization, and intelligent decision-making, allowing manufacturers to improve efficiency, reduce downtime, and lower operational costs.

Another major opportunity is the adoption of Industrial Internet of Things (IIoT). By connecting machines, sensors, and systems, IIoT enables seamless data exchange, visibility across the production line, and proactive monitoring of assets. This connectivity leads to smarter factories, where automation and data analytics enhance productivity and product quality.

Cloud computing is also a key growth driver, offering scalable infrastructure, data storage, and remote collaboration tools. With cloud-based solutions, manufacturers can manage global operations more effectively, integrate digital tools across facilities, and respond swiftly to market changes. Furthermore, hybrid cloud models offer flexibility and security, making them increasingly attractive.

Augmented Reality (AR) and Virtual Reality (VR) present emerging opportunities in workforce training, remote assistance, and product design. These immersive technologies improve employee efficiency, reduce training costs, and support rapid prototyping and customer engagement.

Sustainable manufacturing is gaining momentum as companies aim to reduce carbon footprints and comply with environmental regulations. Digital solutions that monitor energy consumption, optimize supply chains, and reduce waste offer long-term value and open new avenues for innovation and differentiation.

Additionally, the growing emphasis on smart factories and Industry 4.0 initiatives, particularly in emerging markets, is accelerating the demand for digital transformation. Governments and industry bodies are supporting this shift through incentives and policy frameworks, creating a favorable environment for investment.

Therefore, these factors make digital transformation a critical enabler of innovation, competitiveness, and sustainable growth in the manufacturing sector.

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MARKET CHALLENGES

Despite strong growth, the digital transformation market in manufacturing faces several challenges. High implementation costs remain a major barrier, especially for small and medium-sized enterprises that may lack the resources for large-scale digital upgrades. Data security and privacy concerns are also significant, as increased connectivity and cloud reliance expose systems to cyber threats. Additionally, integrating new technologies with legacy systems can be complex and time-consuming, causing operational disruptions. There is also a shortage of skilled professionals capable of managing advanced digital tools like AI, IoT, and robotics. Resistance to change within traditional manufacturing environments further hampers adoption. Lastly, unclear ROI and the rapid pace of technological advancements can make long-term planning and investment decisions more difficult for manufacturers.

SEGMENT INSIGHTS

The global digital transformation market in manufacturing is segmented by offering (hardware, software, and services), enterprise size (small & medium enterprises and large enterprises), deployment mode (cloud-based deployment and on-premises deployment), technology (mobile technology, internet-of-things (IoT), network connectivity, digital twin & simulation, robotic process automation, cloud computing, artificial intelligence & machine learning, AR & VR, additive manufacturing & 3D printing, big data & analytics, and cybersecurity), end-use industry (semiconductor & electronics, automotive, food and beverages, chemicals, heavy metal and machine manufacturing, energy and power, aerospace and defense, pharmaceuticals, FMCG, and other end-use industries), and geography. The study also evaluates industry competitors and analyzes the market at the country and regional levels.

Market by Offering

By 2025, the services segment is anticipated to lead the digital transformation market in manufacturing. This dominance is driven by the increasing reliance on expert consulting, system integration, and ongoing support required to implement and manage complex digital ecosystems. As manufacturers navigate the transition to smart factories, they seek end-to-end services that include strategy development, technology deployment, and workforce training. The demand for personalized digital roadmaps and scalable implementation services is also on the rise, especially among enterprises looking to enhance productivity and minimize downtime. Additionally, the rapid pace of technological change is fueling a growing need for agile support models and managed services partnerships.

Furthermore, the services segment is sub-segmented into consulting, planning and designing, engineering, support and maintenance, application development, network infrastructure management, and other services. The rising need for expert guidance, seamless integration, infrastructure optimization, system upgrades, and agile application development to ensure smooth digital transitions and sustained operational efficiency in manufacturing are further expected to support the growth of this market.

Market by Deployment Mode

By 2025, the cloud-based deployment segment is anticipated to lead the digital transformation market in manufacturing. The large share of this segment is mainly attributed to the increasing adoption across all scales of manufacturing enterprises. Manufacturers are increasingly leveraging cloud platforms to access real-time data, enhance interdepartmental collaboration, and streamline business operations remotely. The flexibility offered by cloud solutions allows companies to scale resources on demand, enabling faster response to market shifts and production needs.

Unlike traditional on-premises systems, cloud-based deployments reduce the need for heavy capital investment in IT infrastructure and minimize maintenance burdens. Additionally, with the rise of hybrid work models and global supply chains, cloud technology ensures seamless connectivity, data security, and operational continuity across multiple locations.

Market by Technology

By 2025, the cloud computing segment is anticipated to lead the digital transformation market in manufacturing, driven by its pivotal role in enabling digital connectivity and operational agility. Cloud platforms facilitate seamless data exchange across departments and geographies, empowering manufacturers to improve collaboration and streamline workflows. With cloud-based solutions, organizations gain access to high-performance computing resources, up-to-date applications, centralized data storage, and advanced automation tools—all without significant infrastructure investment. The shift toward Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) models further boost the cloud’s appeal by offering scalability, lower maintenance burdens, and faster deployment cycles.

On the other hand, the artificial intelligence and machine learning segment is poised to witness the fastest growth over the forecast period. The rising demand for intelligent automation, real-time data processing, and predictive analytics is fueling the integration of AI/ML technologies into manufacturing processes. Manufacturers are increasingly adopting AI for optimizing supply chain management, forecasting maintenance needs, improving production planning, and enhancing quality control. Furthermore, machine learning algorithms are being used to detect anomalies, anticipate equipment failures, and bolster cybersecurity defenses by identifying emerging threats.

In addition, AI-driven insights are transforming customer experience strategies by enabling hyper-personalization and automating customer service functions. As manufacturers prioritize data-driven decision-making and agile operations, AI and ML will play a central role in reshaping production ecosystems and accelerating digital transformation initiatives.

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GEOGRAPHIC MARKET INSIGHTS

Geographically, Asia-Pacific is expected to lead the market by 2025, supported by its region’s robust industrial infrastructure, rapid digital adoption, and strong governmental backing for smart manufacturing initiatives. Countries such as China, Japan, South Korea, and India are spearheading this transformation through substantial investments in cutting-edge technologies like AI, Industrial IoT (IIoT), robotics, and digital twin systems. China continues to lead globally in manufacturing output and is aggressively pushing digital initiatives under its “Made in China 2025″ strategy. Japan and South Korea, home to global leaders in electronics and automotive industries, are at the forefront of robotics and intelligent factory deployments. Meanwhile, India’s “Make in India” campaign is encouraging both local and foreign investment in digitizing manufacturing operations, driving rapid technology uptake among SMEs and large enterprises alike.

Asia-Pacific also benefits from a thriving ecosystem of tech innovators and automation startups, as well as a dense presence of global cloud, AI, and software providers. The region is experiencing exponential growth in enabling technologies such as 5G, cloud platforms, and real-time analytics, further accelerating the shift toward smart manufacturing environments.

Moreover, rising labor costs and the increasing demand for efficient, high-precision production are compelling manufacturers to adopt advanced digital solutions. Governments across the region are introducing favorable policies, tax incentives, and R&D grants to boost digital capabilities in manufacturing. As a result, Asia-Pacific is emerging as the global hub for digital transformation in manufacturing, setting benchmarks for innovation, productivity, and competitiveness on the global stage.

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COMPETITIVE LANDSCAPE

Major companies in the global digital transformation market in manufacturing have implemented various strategies to expand their product offerings, footprints, and market shares. The key strategies followed by most companies in the digital transformation market in manufacturing were product launches & enhancements, mergers & acquisitions, agreements, collaborations, and partnerships.

Some of the prominent players that adopted these growth strategies are International Business Machines Corporation (U.S.), Siemens AG (Germany), Microsoft Corporation (U.S.), SAP SE (Germany), Capgemini SE (France), ABB Ltd. (Switzerland), Deutsche Telekom AG (Germany), Telefónica, S.A. (Spain), Accenture plc (Ireland), TE Connectivity Ltd. (Switzerland), NXP Semiconductors N.V. (Netherlands), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (U.S.), Tata Consultancy Services Limited (India), and Cisco Systems, Inc. (U.S.).

Related Reports:

Digital Transformation Market

AI in Manufacturing Market

Smart Manufacturing Market

IoT in Manufacturing Market

About Meticulous Research

We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight major sectors and 20+ geographic markets, all to deliver targeted business insights that help our clients lead in a rapidly evolving global market.

With a strong focus on problem-solving for complex business challenges, our research enables organizations to navigate change with assertion, aligning it with strategic pathways for sustainable growth. By identifying innovative and effective solutions, we empower leaders to make impactful decisions that drive operational excellence and fuel innovation. We are committed to crafting insights that enhance business performance and help our clients unlock new revenue opportunities, positioning them for long-term success in the competitive global marketplace.

To find out more, visit www.meticulousresearch.com or follow us on LinkedIn 

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Mr. Khushal Bombe
Meticulous Market Research Pvt. Ltd.
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GEEKOM Targets Korea with High-Performance Mini PCs

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April 29, 2025

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TAIPEI, April 29, 2025 /PRNewswire/ — GEEKOM, a Taiwanese tech company known as the Green Mini PC Global Leader, has announced its strategic focus on South Korea as a major target market in 2025, unveiling multiple cutting-edge models designed to cater to diverse computing needs. This move underscores GEEKOM‘s commitment to expanding its presence in Asia and delivering innovative solutions to tech-savvy consumers.

Mini PCs offer a compact, space-saving alternative to traditional desktop towers, making them ideal for modern workspaces or smaller living environments. Despite their size, mini PCs often deliver impressive performance, integrating advanced processors and storage solutions. They consume less power, reducing electricity bills and environmental impact. Known for their outstanding quality, GEEKOM Mini PCs are popular in markets including USA, Western Europe and Australia.

Most of GEEKOM‘s popular models are now available for purchase on Coupang and Naver, including those recently showcased at CES 2025. Leading the lineup is the fan-favorite GEEOM IT13 2025 Edition, equipped with an Intel Core i9-13900HK processor, dual-channel DDR4-3200MHz RAM and a fast PCIe Gen4 SSD. Thanks to its powerful performance and unmatched versatility, the IT13 2025 Edition is well-suited for all sorts of computing scenarios.

Another high-performance solution is the A8 MAX. Equipped with the AMD Ryzen 9 8945HS processor and Radeon 780M iGPU, it delivers exceptional performance for demanding chores like 4K video editing, graphic design, and multitasking. Its built-in NPU enhances AI-driven applications, offering up to 60% faster performance for compatible software. With dual USB4 ports, the mini PC even supports external GPUs for even greater versatility, perfect for creative professionals and tech enthusiasts seeking top-tier performance in a sleek design.

For budget-conscious users, the GEEKOM A6 provides an affordable yet powerful alternative. Priced below $500, it features AMD’s Ryzen R7-6800H processor and shares many of the A8 Max’s core functionalities, including extensive connectivity and storage options. This model is extremely appealing to users seeking value without compromising on performance.

GEEKOM‘s decision to target South Korea aligns with the country’s reputation as a hub for technological innovation and consumer demand for high-quality electronics. By introducing these models, GEEKOM aims to capture the attention of Korean consumers who prioritize performance, reliability, and cutting-edge design.

As GEEKOM continues to innovate, its focus on Korea signals a promising future for the brand in one of the world’s most dynamic tech markets.

 

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Emeren Group Ltd Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

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April 28, 2025

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NORWALK, Conn., April 28, 2025 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that the special committee (the “Special Committee”) of the Company’s Board of Directors (the “Board”) has retained Kroll, LLC as its independent financial advisor and Morrison & Foerster as its U.S. legal counsel. The Special Committee was formed to evaluate and consider the preliminary non-binding proposal received by the Board on March 17, 2025 (the “Proposal”) as well as other potential strategic alternatives that the Company may pursue.

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal or any alternative strategic option that the Company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal or that any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com. 

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets, “confident” and similar statements. Among other things, statements that are not historical facts, including statements about Emeren’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as Emeren’s strategic and operational plans, are or contain forward-looking statements. Emeren may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its periodic reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. All forward-looking statements are based upon management’s expectations at the time of the statements and involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: execution of Emeren’s strategies and business plans; growth and trends of the industries in which Emeren operates; market acceptance of Emeren’s products and services; competition in the industries in which Emeren operates; Emeren’s ability to control costs and expenses; Emeren’s ability to retain key personnel and attract new talent; relevant government policies and regulations relating to Emeren’s industry, corporate structure and business operations; seasonality in the business; fluctuations in currencies exchange rates; risks related to acquisitions or investments Emeren has made or will make in the future; accounting adjustments that may occur during the quarterly or annual close or auditing process; and fluctuations in general economic, political, geopolitical and business conditions. Further information regarding these and other risks are included in Emeren’s filings with the U.S. Securities and Exchange Commission. All information provided in this announcement and in the attachments is as of the date of the announcement and based on assumptions that Emeren believes to be reasonable as of this date, and Emeren undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact: 

Emeren Group Ltd – Investor Relations
+1 (925) 425-7335
ir@emeren.com

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AI Evolution and Life Sciences: Embracing New Frontiers at Dalton Venture CEO Summit 2025

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April 28, 2025

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 HONG KONG, April 29, 2025 /PRNewswire/ — Dalton Venture CEO Summit 2025 , jointly hosted by Dalton Venture and Hong Kong Science and Technology Parks Corporation (HKSTP), successfully concluded at Hong Kong Science Park. The summit brought together over 100 distinguished guests, including government officials, leading scholars, entrepreneurs, and investors from Mainland China, Hong Kong, and beyond, to explore new global opportunities in life sciences innovation.

The event gathered more than 60 entrepreneurs from Dalton Venture’s portfolio companies across cutting-edge sectors such as cell and gene therapy, ophthalmology, AI in healthcare, embodied AI, bio-3D-printing, and cardiovascular technologies.

Uniting Industry, Research, and Capital to Accelerate Globalization

Founding Managing Partner Sun Qi highlighted Hong Kong’s unique advantages as an East-West bridge, with world-class research infrastructure and capital markets. “Dalton Venture sees Hong Kong not only as a gateway to the world but as a convergence point for technology, capital, industry, and vision,” as he said.

Ms. Cheong Man Lei, Lillian, JP, Deputy Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, delivered a video keynote address. She emphasized Hong Kong’s commitment to becoming an international innovation and technology hub, citing initiatives like the HK$10 billion Research, Academic and Industry Sectors One-plus Scheme. She warmly welcomed more Mainland Chinese enterprises to leverage Hong Kong’s platform for international expansion.

Hong Kong Science Park as a Launchpad for Life Sciences Innovation

Ms. Gracie Ng, Chief of Staff and Acting Chief Corporate Development Officer of HKSTP, also extended a warm welcome. She highlighted HKSTP’s role in cultivating a vibrant life sciences ecosystem through research support, incubation services, and funding channels, including its HK$1 billion corporate venture fund. “We are delighted to host Dalton Venture’s CEO Summit and look forward to deepening collaboration with visionary enterprises.”

Capital Empowering Innovation: Insights from HKEX

Sam S.K. Luk, Vice President (Global Issuer Services) at Hong Kong Exchanges and Clearing Limited (HKEX), outlined Hong Kong’s latest initiatives to support biotech and hard-tech enterprises through listing mechanisms like Chapter 18A and 18C. He emphasized that Hong Kong remains a preferred destination for innovative companies seeking global investors, citing recent resilience in the local stock market and continued inflows from Southbound trading under the Stock Connect program.

Thought Leadership on Frontier Technologies

The summit also featured keynote speeches from leading scientists and entrepreneurs.

Professor Lam Hon Ming, Distinguished Professor of Life Sciences at The Chinese University of Hong Kong, and Director of the State Key Laboratory of Agrobiotechnology shared insights on agricultural biotechnology and sustainability.

Professor Sirui Han, representing Professor Guo Yike, Chief Vice President of the Hong Kong University of Science and Technology and Director of the Hong Kong Center for Generative Artificial Intelligence Research and Development, discussed the evolution of large AI models and their transformative impact on life sciences.

Strengthening Cross-Border Innovation Bridges

Prior to the summit, Dalton Venture organized a closed-door dialogue with InvestHK and the Office for Attracting Strategic Enterprises (OASES), connecting over 30 Mainland biotech companies with Hong Kong’s innovation and policy resources. Discussions focused on leveraging Hong Kong as a springboard for global clinical development, regulatory pathways, and international fundraising.

Looking Ahead: Building a Global Innovation Network

Mr. Huang Ning, Founding Partner of Dalton Venture, concluded the summit by reaffirming Dalton’s commitment to empowering entrepreneurs and accelerating the globalization of life sciences innovation.

As innovation continues to reshape the life sciences sector, Dalton Venture remains dedicated to fostering a robust, interconnected ecosystem that links research, capital, and industry across borders — advancing healthcare for a better future.

CONTACT
Name: Lynn Ning
Email: ningx@daltonventure.cn

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