In the era of digitization, technologies like IoT, Blockchain, Robotics, Advanced Analytics, Artificial Intelligence, Machine Learning, Big Data, and 3D Printing has given rise to “smart factories and faster turnaround”. However, its adoption has been crucial, as many large to mid-sized companies still do not have clear roadmap to deal with digital transformation demands.
Year 2020 has been a turning point for the industrial sector so far, which made things even worse for already weakening domain which witnessed hints of recession in certain areas. Low cost production offered by Asian countries has made this region as segment leader.
On the other hand, revised international trade agreements are anticipated to provide positive ecosystem for the industrial sector to grow and tap upcoming opportunities. Economies such as China, Japan, the United States, and Germany among others are leading the growth of industrial sector by incorporating innovative solutions. Our industrial sector outlook explores current trends that enable decision-makers to respond ups & downs of the segment more effectively.