Research Predicts Major Technology-Driven Growth for Manufacturing Industry in 2025

Tools and talent; data security; and keeping up with new tech and the skills shortage are the three key themes manufacturing organizations will focus on in 2025, according to research released by Revalize.

"The manufacturing industry stands on the brink of a transformative era driven by advanced technologies such as AI, Industry 4.0, and cloud-based solutions,” says Mike Sabin, CEO of Revalize. “While that’s exciting, we also recognize that manufacturers will continue to face challenges including supply chain disruptions, skilled labor shortages, and increasingly sophisticated security threats.”

Key takeaways:

• The manufacturing sector will play a major role in the future success of the economy, with the industry accounting for 13.6% of the global employed population and approximately 16% of the global GDP. Despite predicted ongoing growth, Revalize’s research found that manufacturing organizations will face several challenges in the next year.
• 91% of organizations plan to adopt new technologies, tools, or software in the next 12 months.
• 70% of respondents reported an increase in their organization’s software budget compared to last year, and 57% have increased their team’s headcount.
• 28% of respondents expect artificial intelligence (AI) to have major impacts on the industry by 2050 – the most of any trend or technology surveyed, while 43% plan to adopt AI-powered quality control solutions.
• Beyond increasing revenue or sales, 29% of respondents state that their organization plans to adopt sustainable technology this year. Additionally, 21% predict enhanced sustainability and green manufacturing will have the biggest impact on the manufacturing industry by 2050.