Industrial Digital Transformation Is Here, It Just Isn’t Evenly Distributed

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By Ryan Martin | 4Q 2021 | IN-6379

 

The Significance of Large Manufacturers

NEWS


Digital innovation is rapidly changing the way manufacturers operate, but it isn’t evenly distributed. Different industries face different challenges and there is massive variability in the way manufacturers are organized. There are also important distinctions in size, budget, and buying behavior. In China, for example, large enterprises—which are those with more than 250 employees—make up only 2% of total manufacturing companies yet are responsible for 42% of the country’s manufacturing output; in the US, the 2,000 largest manufacturers employ nearly twice as many people as the cumulative total for the 183,000 manufacturers with fewer than twenty employees; and in Germany, the 2% of manufacturers with more than 250 employees yield 78% of manufacturing output.

It’s at these large enterprises where there is not only budget and bandwidth but the complexity and scale for new endeavors, including the use of digital twins, cloud, simulation software, 5G, and Software-as-a-Service (SaaS).

5.3 Million Factories Globally

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