Digital Transformation in Manufacturing Industry Overview
The competition in digital transformation is considerable due to the availability of many solution providers and technological improvements in the industry. Notably, firms often adjust their pricing methods to maintain market share and retain new and existing consumers, placing pricing pressure on other companies and boosting market competitiveness. Furthermore, firms are continually pursuing techniques such as acquisitions and the production of new goods at competitive prices, increasing competition among organizations. Some significant players in the market are Cisco Systems Inc., Microsoft Corporation, Intel Corporation, IBM Corporation, and Siemens AG.
- In March 2023, Mitsubishi Electric launched a free mobile application for iOS and Android platforms. It is for searching and comparing its factory automation products to make it easier to identify relevant products to aid digital manufacturers quickly.
- In February 2023, Oracle declared plans to open a third public cloud region, especially in Saudi Arabia, to fulfill the rapidly growing demand for its cloud services. Located in Riyadh, the new cloud region will be part of a planned USD 1.5 billion investment by Oracle to expand its overall cloud infrastructure capabilities in the Kingdom. Oracle Cloud delivers pioneering innovation in key technologies like Machine Learning, AI, and IoT. It will help fuel economic growth and digital transformation, an integral part of Saudi Vision 2030.
Digital Transformation in Manufacturing Market Leaders
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Cisco Systems Inc.
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Microsoft Corporation
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Intel Corporation
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IBM Corporation
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Siemens AG
- *Disclaimer: Major Players sorted in no particular order
