Malaysia Smart Manufacturing Platform Market: Industry Overview (2022-2027) by Type, Application Deployment, and Industry

Malaysia Smart Manufacturing Platform Market Overview:

Manufacturers may use smart manufacturing platforms to automatically collect and manage data so they can make better decisions. IoT technology is used to transmit data from equipment and sensors to the cloud. Manufacturers have learned that old business practices are no longer conducive to success. To maintain their leadership positions, these corporations are forming new organizations and value chains, which can be accomplished through smart manufacturing. Growth in industrial automation, increased adoption of smart manufacturing platforms in the automotive industry, increasing government backing for industrial automation, and a growing need for streamlined and automated data to boost productivity are all factors driving the market forward.

The Smart Manufacturing Experience Centre has been launched by Malaysia's Standard and Industrial Research Institute (SIRIM). SMEs will be able to use current platforms, technology, and use cases to progress their Industry Forward (IR4.0) plans through this program, which is part of the Centre of Excellence for Smart Manufacturing.

The report examines the market's growth drivers as well as its segments (Type, Application Deployment, and Industry). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Laser Interferometer market's, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Laser Interferometer market.

Malaysia Smart Manufacturing Platform Market Dynamics:

Malaysia's automation and control systems market is growing thanks to government incentives and the adoption of new technologies. Frost & Sullivan's Industrial Automation & Process Control team in Kuala Lumpur, Malaysia in 2020 finds that increased collaboration will bring value and growth potential. The automation and control systems market in Malaysia, which is one of the largest providers, is stable and expanding. Government incentives, as well as an existing manufacturing and infrastructure outlay, are available.

The automation and control systems market in Malaysia, which is one of the largest providers, is stable and growing. Government incentives to encourage industry and infrastructure investment, as well as a well-established end-user base of advanced automation systems, are driving the region's growth. Nonetheless, market-entry obstacles are significant. Automation suppliers must embrace new technologies like the Internet of Things (IoT), work with developers of machine-to-machine (M2M) technologies, and boost production capabilities to succeed in a fiercely competitive ecosystem.

Malaysia Cloud & Datacentre Digital Summit 2020 – the major highlights

Malaysia is on the verge of becoming a full-fledged cloud computing hub, and numerous reasons or driving forces are contributing to this massive transformation. The Malaysian government allocated MYR 21.6 billion to the National Fabrication and Connectivity Plan in its budget for 2020. (NFCP). This action demonstrates the government's commitment to driving digital transformation by encouraging more cloud adoption and the deployment of 5G connectivity across Malaysia. Leading cloud and data center specialists offered their perspectives on Malaysia's digital future and development factors during the event's key sessions.

Lack of Skilled IOT and Cloud-Related Staff:

Malaysia's government has set a goal of 50 % cloud usage by 2024. The focus in the public sector in 2021 will be on establishing a cloud-first strategy. Malaysia is concentrating on two high-impact categories to boost cloud adoption: governance and people. The formation of cloud computing committees and the up-skilling of people's competencies through a cloud awareness program are two essential tactics for accelerating cloud adoption across Malaysia's economy. Manufacturers can use smart manufacturing platforms to automatically collect and handle data in order to make better decisions. Data from equipment and sensors is sent to the cloud using IoT technology. The increased need for smart manufacturing platforms in manufacturing facilities is due to the desire to increase productivity, optimize resources, and reduce production costs.

Hence went on to say that lack of cloud knowledge, skills, and experience, as well as cloud data management difficulties, are the biggest barriers to Malaysia’s smart manufacturing platform adoption.

Malaysia Smart Manufacturing Platform Market Segment Analysis:

Based on industry, the Process Industry segment held the largest market share of xx% in 2021, owing to the enhanced adoption of smart manufacturing platforms in the power and energy business has increased production, efficiency, and utilization. The smart manufacturing platform market, as well as the industry, benefits from smart manufacturing platform offerings such as predictive maintenance, increased process yield, lower energy costs, and decreased supply chain risks.

Based on type, the Device Management segment held the largest market share in 2021. Artificial intelligence, IIoT, smart manufacturing, Industry 4.0, digitization, and linked enterprise have all influenced the deployment of sophisticated technologies in numerous industries. Because a considerable amount of data is generated by numerous devices used in industrial facilities, managing the devices and data generated has become critical. The device management platform enables users to connect and disconnect new devices, control multiple devices, examine device data and status, and remotely monitor devices.

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Malaysia Smart Manufacturing Platform market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, and PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the market have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Malaysia Smart Manufacturing Platform market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Malaysia Smart Manufacturing Platform market by product, price, financial situation, product portfolio, and growth plans.

Malaysia Smart Manufacturing Platform Market Scope:

Malaysia Smart Manufacturing Platform Market Players

• Microsoft Corporation
• IBM Corporation
• SAP SE
• Amazon.com, Inc.
• Siemens AG
• Accenture Plc.
• Oracle Corporation
• Cisco Systems, Inc.
• Software AG
• Robert Bosch GmbH