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Report Details Reasons for Manufacturing's Transformation

Monday, August 13, 2018
 
Increased availability and reduced costs associated with additive manufacturing, rising penetration of Internet of Things, and growing adoption of automation and robotics are important factors contributing to manufacturing’s continued growth, according to the Global Digital Transformation Market in Manufacturing - Growth, Trends and Forecast (2018 - 2023) report by ResearchAndMarkets.com.

The report cites key market developments, including:
• November 2017, IBM acquired Agile 3 Solutions, a San Francisco-based company that develops software used by the C-Suite and senior executives to better visualize, understand and manage risks associated with the protection of sensitive data. The acquisition complements the company’s security solutions across the cloud and IoT platforms
• June 2017, GE Digital launched New Solutions Purpose Built for Industrial Assets, an integrated solution to deliver the industrial service model of the future. It combines the power of ServiceMax, the company's cloud-based field service management solution with its intelligent Asset Performance Management portfolio to develop service operations, reduce cost, and eliminate unplanned downtime
• March 2017, Siemens acquired Mentor Graphics, now part of Siemens' product lifecycle management (PLM) software business, making the combined organization the world's leading supplier of industrial software used for product design, simulation, verification, testing, and manufacturing.

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