Nexus Integra, a company based in Valencia, Spain, launched Nexus Integra Platform, which is a software predicted to drive the transformation of an industrial company into Industry 5.0.
Accel a global venture capital firm announced applications for its AI and Industry 5.0 cohort from entrepreneurs in the UAE, Southeast Asia, and India to offer individualized mentorship, and industry-specific advice from leading operators and entrepreneurs, and help businesses develop teams, evaluate concepts, and raise financing through a series of mentorship sessions.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 3603
Published Date: Feb 05, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The rising emergence of advanced technologies, namely industrial Internet of Things (IIoT) and artificial intelligence and the rapid industrial digitization are the major factors driving the growth of the market.
The market size of Industry 5.0 is anticipated to attain a CAGR of 20% over the forecast period, i.e., 2024-2036.
The major players in the market are ENSAI INGENIERIA S.L., Siemens AG, Rockwell Automation Inc., Schneider Electric, ABB Ltd., IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., General Electric Company, and others.
The manufacturing segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.