Top 10 Manufacturing Technology Solution Providers - 2022

Any technology that shapes or influences the manufacturing process is a form of manufacturing technology. The industry 4.0 has set-out a huge wave of transition all over the world in all sectors, making them more efficient. Technologies like IoT (IIoT) systems, Robotics/Cobotics, digital twins, augmented reality (AR)/virtual reality (VR) and additive manufacturing have a disrupting impact on the manufacturing industry. By implementing these technologies, manufacturers benefit from increased efficiency in operations, substantial cost savings, faster production times and the ability to provide excellent customer support. Utilizing advanced manufacturing technologies and Information Technology throughout the product lifecycle ensures quality standards.

Manufacturing industry is predominantly focused on efficiency and effectiveness of operations, and IIoT will boost the efficiency and effectiveness factors through digital transformation and data analytics for the manufacturing industry across all verticals. Today, these technologies are not expenses or luxuries, but integral part of business. The convergence and hyper-connectedness along with ubiquitous data is driving vast change in the manufacturing. Automation and robotics will play a crucial role in providing consistency of quality at competitive costs. The smart factories or connected machineries help in reducing the downtime, thereby ensuring consistency in production.

Within last two years, 30 percent of factories were transformed into smart. The number is expected to go up to 40 percent in the next five years. Reports say that the manufacturers in India are ahead in adopting technology and investing in smart factories when compared to their global peers. There are various difficulties in adopting digitalization, especially for small and medium manufacturers in India. Deployment and integration of digital platforms & technologies, data readiness & cybersecurity and hybrid, soft & digital capabilities are some of the practical difficulties faced by Indian manufacturers.

Industry Outlook in this issue presents a list of `Top 10 Manufacturing Technology Solution Providers - 2022'. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and Industry Outlook editorial board. We recognize their valuable contribution to the ever expanding & competitive market and their ability to sustain themselves and emerge as top contestants through their reliable products and services.

We present to you CIOTechOutlook Top 10 Manufacturing Technology Solution Providers - 2022.