Allied Market Research
Surge in demand for industrial IoT by manufacturing companies and rise in demand for smart manufacturing solutions drive the global industrial computers market. Moreover, rise in demand for industrial IoT by various manufacturing companies globally acts as one of the major factors that propelled the market growth during the COVID-19 pandemic. Based on region, North America held the largest share in 2021, contributing to more than one-third of the global industrial computers market share.
Portland, OR, Nov. 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global industrial computers market garnered $4.8 billion in 2021, and is estimated to generate $8.9 billion by 2031, manifesting a CAGR of 6.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report Coverage & Details:
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Report Coverage |
Details |
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Forecast Period |
2022–2031 |
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Base Year |
2021 |
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Market Size in 2021 |
$4.8 billion |
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Market Size in 2031 |
$8.9 billion |
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CAGR |
6.7% |
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No. of Pages in Report |
251 |
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Segments covered |
Type, Technology, End Use, and Region. |
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Drivers |
Surge in demand for industrial IoT by manufacturing companies |
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Increased awareness about resource optimization in manufacturing firms |
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Recent innovations in display technology, such as LCD and OLED displays in industrial PC |
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Opportunities |
Rise in demand for smart manufacturing solutions |
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Rapid industrialization and infrastructure development, |
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Restraints |
High initial investment |
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Data privacy and cybersecurity concerns |
Covid-19 Scenario:
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The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global industrial computers market, owing to implementation of the global lockdown which resulted to have a significant impact on prime players operating in the supply chain.
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However, the rise in demand for industrial IoT by various manufacturing companies globally acted as one of the major factors that propelled the market growth during the COVID-19 pandemic.
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On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects, owing to partial or complete lockdown globally.
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Conversely, by late 2022, the market witnessed …….