target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Presentation - Doc Document number: # US50766724
Industry Market Trends: Worldwide Engineering-Oriented Value Chain Manufacturing, 2024
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Abstract
This IDC Market Presentation provides technology vendors with a comprehensive overview of the key business trends affecting the global manufacturing sector in 2024. The report outlines the primary market forces influencing the industry, including the macroeconomic environment, sustainability regulations, supply chain disruptions, geopolitical instabilities, talent and technical skills gaps, and increasing cyberthreats. This information serves as a basis for technology vendors to develop strategic narratives that align their offerings with the evolving priorities of manufacturers and illustrate how technology solutions can support these priorities.
"As manufacturers continue their journey toward digital transformation, the integration of core technologies, such as AI and ML, application modernization, and multicloud data repositories becomes critical," says Stephanie Krishnan, associate VP, IDC Manufacturing Insights. Krishnan adds, "By leveraging these technologies, manufacturers can enhance automation, improve customer experiences, and maintain competitiveness in a rapidly evolving market."