{"product_id":"information-technology-and-operations-technology-it-ot-convergence-powers-the-global-industry-4-0-market-for-mechanical-test-applications","title":"Information Technology and Operations Technology (IT-OT) Convergence Powers the Global Industry 4.0 Market for Mechanical Test Applications","description":"\u003cp\u003eInformation Technology and Operations Technology (IT-OT) Convergence Powers the Global Industry 4.0 Market for Mechanical Test Applications\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe impact of the convergence of Information Technology (IT) and Operational Technology (OT) has been tremendous in recent times. Benefits of this convergence can be seen even in traditional markets (e.g., mechanical testing). The world is staring at an economic mess propelled by the catastrophic outbreak of COVID-19. In 2020, the demand for digitalization plummeted. Several technological advancements (e.g., 3D printing) are helping manufacturers create complex products like never before. These products are so complex and intricate that it is no longer possible to inspect and test these objects using traditional inspection and test mechanisms such as Coordinate-measuring Machines (CMMs) or optical measurement systems. Predictive and proactive maintenance of machines is the need of the hour. All these development have led to emerging applications of Industry 4.0 in the field of mechanical testing. Industry 4.0 is still in a nascent stage of adoption in the mechanical test market, yet its potential has been tremendous.\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe high initial costs and a lack of supportive infrastructure are expected to impede market growth during the forecast period. However, access to inexpensive wireless sensors, cloud-based data storage, and Artificial Intelligence (AI)-based analytics are all expected to drive the case for Industry 4.0 in the mechanical test market.\u003c\/p\u003e\n\n\n\n\u003cp\u003eKEY FEATURES\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe objective of this research service is to give a detailed account of the mechanical test market comprising subsegments such as Non-destructive Testing (NDT), Condition Monitoring (CM), dimensional metrology, and material testing and how the 4 key Industry 4.0 technology themes— sensorization, cloud, analytics, and visualization—will have a profound impact on these subsegments. This research service would also look into how the 4 tech themes would be the next step in the evolution of smart mechanical testing, and how this would benefit companies from making smarter decisions on the factory floor. The study also aims at throwing light on what the market participants are currently doing in this space and how the market is likely to transform the manufacturing arena in the coming years.\u003c\/p\u003e\n\n\n\n\u003cp\u003eKEY ISSUES ADDRESSED\u003c\/p\u003e\n\n\n\n\u003cp\u003eWhat is the potential for Industry 4.0 in the mechanical test market?\u003c\/p\u003e\n\n\u003cp\u003eWhat has been the impact of COVID-19 on Industry 4.0 investments in the mechanical test market?\u003c\/p\u003e\n\n\u003cp\u003eWhich countries are expected to adopt Industry 4.0 on a large scale, and what are the regional factors driving growth?\u003c\/p\u003e\n\n\u003cp\u003eHow attractive is IT-OT convergence in the mechanical test market, and what are the key enabling technology developments?\u003c\/p\u003e\n\n\u003cp\u003eWhat are some of the key opportunities arising out of Industry 4.0 in the mechanical test landscape? What are the strategies that these manufacturers can adopt to accelerate growth?\u003c\/p\u003e\n\n\u003cp\u003eWhat are the key trends that will shape the future of Industry 4.0 in mechanical testing?\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"April, 2021 \/ 96 Pages \/ MCW16284153","offer_id":47712902414642,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/information-technology-and-operations-technology-it-ot-convergence-powers-the-global-industry-4-0-market-for-mechanical-test-applications","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}