target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Presentation - Doc Document number: # US50766524
Industry Market Forecast: Worldwide Manufacturing, 2024
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Abstract
This IDC Market Presentation highlights key trends and strategic priorities for global manufacturers in 2024 and provides a spending forecast in key technology areas and use cases. This report covers various topics, including key strategic priorities and their growth potential for technology vendors, forces impacting global manufacturing digital transformation (DX) investments, and guidance for technology vendors. The critical role of advanced and emerging technologies is evident, and this report emphasizes the need for vendors to support manufacturers as they leverage data through advanced analytics and AI to optimize supply chains and enable smart factories. Additionally, creating agile work environments to support flexible operations and boost workforce productivity is essential. The report provides valuable insights for technology suppliers to position their products and services effectively to meet these evolving needs.
"Manufacturers are at a crossroads in which embracing advanced technology to enhance both shop floor productivity and supply chain resilience is crucial. Those that do not innovate and adapt risk falling behind in the fiercely competitive global market. The emphasis is increasingly on leveraging advanced technologies to optimize production processes and supply chain operations, driving scalable growth and building robust cybersecurity," says Stephanie Krishnan, associate VP, IDC Asia/Pacific Manufacturing Insights.