Industry 4.0 is commonly referred to as the fourth industrial revolution or smart factory. This concept is a combination of multiple technologies such as cyber-physical systems (the mechanism that is controlled or monitored by computer-based algorithms, tightly integrated with the Internet and its users), the Internet of things, cloud computing, and cognitive computing.
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Advanced digital technology is already used in manufacturing, but with Industry 4.0, it will transform production. Recent advances in Industry 4.0 technologies are making possible a more efficient approach to assembly. To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions. This technological infrastructure is still in its early stages of development.