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Smart Machines in Enterprise, Industrial Automation, and IIoT by Technology, Product, Solution, and Industry Verticals 2023 - 2028

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    Report

  • 86 Pages
  • February 2023
  • Region: Global
  • Mind Commerce
  • ID: 5241539
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Integration of Robotics, AI, and IoT a Substantial Smart Machine Market Opportunity for Service Automation

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This report evaluates the smart machine market ecosystem including technology building blocks, leading company strategies, products, and services. The report evaluates various smart machine solutions, products, and services including autonomous robots, expert systems, intelligent assistants, neurocomputers, and wearable devices.

This report also evaluates the hardware, embedded software, and related services for smart machines. The report also assesses the market for smart machines in many industry verticals including aerospace and defense, automotive, banking, consumer electronics, healthcare, industrial automation, cybersecurity, transportation, and logistics with forecasts from 2023 through 2028.

Select Research Findings:

  • The global smart machine market will reach $35.3 billion by 2028
  • Asia-Pacific will lead the smart machines market by $16.3 billion by 2028
  • Cognitive technologies in North America market will reach $2.2 billion by 2028
  • Autonomous robots will reach $10.2 billion globally by 2026, growing a CAGR of 17.9%
  • Neurocomputing solutions for smart machines will reach almost $2.9 billion globally by 2028

Smart machines collectively represent intelligent devices, machinery, equipment, and embedded automation software that perform repetitive tasks and solve complex problems autonomously. Along with AI, IoT connectivity, and M2M communications, smart machines are a key component of smart systems, which include many emerging technologies such as smart dust, neurocomputing, and advanced robotics. Smart machines will also benefit significantly from advancements in the convergence of AI and IoT, also known as the artificial intelligence of things (AIoT).

The drivers for enterprise and industrial adoption of smart machines include improvements in the smart workplace, smart data discovery, cognitive automation, and more. Currently conceived smart machine products include autonomous robots (such as service robots), self-driving vehicles, expert systems (such as medical decision support systems), medical robots, intelligent assistants (such as automated online assistants), virtual private assistants (Siri, Google Assistant, Amazon Alexa, etc.), embedded software systems (such as machine monitoring and control systems), neurocomputers (such as purpose-built intelligent machines), and smart wearable devices.

With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.

This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1 Executive Summary

2 Introduction
2.1 Smart Machines in Perspective
2.2 Smart Machine Drivers
2.3 Smart Machine Market Development
2.4 Smart Machine Industry Dynamics

3 Smart Machine Ecosystem
3.1 Cognitive Computing and Artificial Intelligence
3.2 Sensor Networks and Smart Dust
3.3 Application Specific Algorithm and Machine Learning
3.4 Purpose Built Smart Machines and Neurocomputer
3.5 Intelligent Automation and Robotic Process Automation
3.6 Industrial Automation System
3.7 Workplace Automation Systems
3.8 IoT and Smart Systems
3.9 5G, MEC, and Cloud Computing

4 Smart Machine Use Cases
4.1 Artificial Intelligence is Transforming ERP Solutions
4.2 Enabling IT Personnel to Focus on Strategic Tasks
4.3 Automation of a Manual Sub-Assembly Process in a Car Manufacturing Plant
4.4 Robotic Process Automation
4.5 Automation in the Workplace

5 Smart Machine Market Drivers and Challenges
5.1 Drivers
5.2 Challenges

6 Smart Machine Market Analysis and Forecasts
6.1 Global Market Forecast 2023 - 2028
6.1.1 Total Smart Machine Market
6.1.2 Smart Machine Product Market
6.1.3 Smart Machine Technology Market
6.1.4 Smart Machine Market Segment
6.2 Regional Market Forecast 2023 - 2028
6.2.1 Smart Machine Regional Market
6.2.2 APAC Smart Machine Market
6.2.3 North America Smart Machine Market
6.2.4 Europe Smart Machine Market
6.2.5 ME&A Smart Machine Market
6.2.6 Latin America Smart Machine Market

7 Company Analysis
7.1 IBM Corporation
7.1.1 Company Overview
7.1.2 Strategic Initiatives
7.2 Google Inc.
7.2.1 Company Overview
7.2.2 Strategic Initiatives
7.3 Narrative Science Inc.
7.3.1 Company Overview
7.3.2 Strategic Initiatives
7.4 Apple Inc.
7.4.1 Company Overview
7.4.2 Strategic Initiatives
7.5 Digital Reasoning Systems Inc.
7.5.1 Company Overview
7.5.2 Strategic Initiative
7.6 Microsoft Corporation
7.6.1 Company Overview
7.6.2 Strategic Initiatives
7.7 General Electric Co.
7.7.1 Company Overview
7.7.2 Strategic Initiatives
7.8 Rockwell Automation Inc.
7.8.1 Company Overview
7.8.2 Strategic Initiatives
7.9 ABB Ltd.
7.9.1 Company Overview
7.9.2 Strategic Initiatives
7.10 LG Electronics
7.10.1 Company Overview
7.10.2 Strategic Initiatives
7.11 NVidia Corporation
7.11.1 Company Overview
7.11.2 Strategic Initiatives
7.12 SparkCognition Inc.
7.12.1 Company Overview
7.12.2 Strategic Initiatives
7.13 Cisco Systems
7.13.1 Company Overview
7.13.2 Strategic Initiatives
7.14 Koninklijke Philips N.V
7.14.1 Company Overview
7.14.2 Strategic Initiatives
7.15 Axis Communications AB
7.15.1 Company Overview
7.15.2 Strategic Initiatives
7.16 Hewlett Packard Enterprise
7.16.1 Company Overview
7.16.2 Strategic Initiatives
7.17 Samsung Electronics Co Ltd.
7.17.1 Company Overview
7.17.2 Strategic Initiatives
7.18 Baidu Inc.
7.18.1 Company Overview
7.18.2 Strategic Initiatives
7.19 KUKA AG
7.19.1 Company Overview
7.19.2 Strategic Initiatives
7.20 Motion Controls Robotics Inc.
7.20.1 Company Overview
7.20.2 Strategic Initiatives
7.21 Rethink Robotics
7.21.1 Company Overview
7.21.2 Strategic Initiatives
7.22 BAE Systems
7.22.1 Company Overview
7.22.2 Strategic Initiatives
7.23 Honeywell International Inc.
7.23.1 Company Overview
7.23.2 Strategic Initiatives

8 Conclusions and Recommendations

List of Figures
Figure 1: Smart Machine Concept
Figure 2: Smart Machine Ecosystem
Figure 3: Cognitive Computing Application Layer
Figure 4: Smart Dust Development Framework
Figure 5: Drivers and Challenges
Figure 6: Global Smart Machine Market 2023 - 2028
Figure 7: Global Smart Machine Market Yearly Growth Rate 2023 - 2028
Figure 8: Smart Machine Market Share by Region
Figure 9: APAC Smart Machine Market Share by Country
Figure 10: North America Smart Machine Market Share by Country
Figure 11: Europe Smart Machine Market Share by Country
Figure 12: ME&A Smart Machine Market Share by Country
Figure 13: Latin America Smart Machine Market Share by Country

List of Tables
Table 1: Global Smart Machine Market by Product 2023 - 2028
Table 2: Global Smart Machine Product Market Share
Table 3: Global Smart Machine Market by Technology 2023 - 2028
Table 4: Global Smart Machine Technology Market Share
Table 5: Global Smart Machine Technology Market by Cognitive Technology Type 2023 - 2028
Table 6: Global Smart Machine Technology Market by Robotics Type 2023 - 2028
Table 7: Global Smart Machine Technology Market by Neurocomputing Type 2023 - 2028
Table 8: Global Smart Machine Market by Segment 2023 - 2028
Table 9: Global Smart Machine Market Share by Segment
Table 10: Global Smart Machine Market by Industrial Vertical 2023 - 2028
Table 11: Global Smart Machine Market Share by Industry Vertical
Table 12: Smart Machine Market by Region 2023 - 2028
Table 13: APAC Smart Machine Market by Product 2023 - 2028
Table 14: APAC Smart Machine Market by Technology 2023 - 2028
Table 15: APAC Smart Machine Technology Market by Cognitive Technology Type 2023 - 2028
Table 16: APAC Smart Machine Technology Market by Robotics Type 2023 - 2028
Table 17: APAC Smart Machine Technology Market by Neurocomputing Type 2023 - 2028
Table 18: APAC Smart Machine Market by Segment 2023 - 2028
Table 19: APAC Smart Machine Market by Industrial Vertical 2023 - 2028
Table 20: APAC Smart Machine Market by Country 2023 - 2028
Table 21: North America Smart Machine Market by Product 2023 - 2028
Table 22: North America Smart Machine Market by Technology 2023 - 2028
Table 23: North America Smart Machine Technology Market by Cognitive Technology Type 2023 - 2028
Table 24: North America Smart Machine Technology Market by Robotics Type 2023 - 2028
Table 25: North America Smart Machine Technology Market by Neurocomputing Type 2023 - 2028
Table 26: North America Smart Machine Market by Segment 2023 - 2028
Table 27: North America Smart Machine Market by Industrial Vertical 2023 - 2028
Table 28: North America Smart Machine Market by Country 2023 - 2028
Table 29: Europe Smart Machine Market by Product 2023 - 2028
Table 30: Europe Smart Machine Market by Technology 2023 - 2028
Table 31: Europe Smart Machine Technology Market by Cognitive Technology Type 2023 - 2028
Table 32: Europe Smart Machine Technology Market by Robotics Type 2023 - 2028
Table 33: Europe Smart Machine Technology Market by Neurocomputing Type 2023 - 2028
Table 34: Europe Smart Machine Market by Segment 2023 - 2028
Table 35: Europe Smart Machine Market by Industrial Vertical 2023 - 2028
Table 36: Europe Smart Machine Market by Country 2018-2023
Table 37: ME&A Smart Machine Market by Product 2023 - 2028
Table 38: ME&A Smart Machine Market by Technology 2023 - 2028
Table 39: ME&A Smart Machine Technology Market by Cognitive Technology Type 2023 - 2028
Table 40: ME&A Smart Machine Technology Market by Robotics Type 2023 - 2028
Table 41: ME&A Smart Machine Technology Market by Neurocomputing Type 2023 - 2028
Table 42: ME&A Smart Machine Market by Segment 2023 - 2028
Table 43: ME&A Smart Machine Market by Industrial Vertical 2023 - 2028
Table 44: ME&A Smart Machine Market by Country 2023 - 2028
Table 45: Latin America Smart Machine Market by Product 2023 - 2028
Table 46: Latin America Smart Machine Market by Technology 2023 - 2028
Table 47: Latin America Smart Machine Technology Market by Cognitive Technology Type 2018-2023
Table 48: Latin America Smart Machine Technology Market by Robotics Type 2023 - 2028
Table 49: Latin America Smart Machine Technology Market by Neurocomputing Type 2023 - 2028
Table 50: Latin America Smart Machine Market by Segment 2023 - 2028
Table 51: Latin America Smart Machine Market by Industrial Vertical 2023 - 2028
Table 52: Latin America Smart Machine Market by Country 2023 - 2028

Companies Mentioned

  • ABB Ltd.
  • Apple Inc.
  • Axis Communications AB
  • BAE Systems
  • Baidu Inc.
  • Cisco Systems
  • Digital Reasoning Systems Inc.
  • General Electric Co.
  • Google Inc.
  • Hewlett Packard Enterprise (HPE)
  • Honeywell International Inc.
  • IBM Corporation
  • Koninklijke Philips N.V
  • KUKA AG
  • LG Electronics
  • Microsoft Corporation
  • Motion Controls Robotics Inc.
  • Narrative Science Inc.
  • Nvidia Corporation
  • Rethink Robotics
  • Rockwell Automation Inc.
  • Samsung Electronics Co. Ltd.
  • SparkCognition Inc.

Methodology

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