Digit Events released "Demand Side Market Research Report on Manufacturing Digitalization in Yangtze River Delta"

The " Demand Side Market Research Report on Manufacturing Digitalization in Yangtze River Delta" (hereinafter referred to as the " the Report"), jointly completed by Digit Events, and the globally renowned market research consulting firm IPSOS, was released in Shanghai on April 18th.

Market size of manufacturing digitalization in the Report was estimated from demand side, in order to avoid possible overlaps among different value chain layers of infrastructure providers, equipment and software suppliers, system integrators from supply side calculation, and formulated and triangled based on primary research and secondary research. It analyzed the current status, customer needs and future development trends of manufacturing digitalization in Yangtze Revier Delta Reion covering 6 major application industries: Automotive, Electronics, Petrochemical, Machinery, Food & Drink and Pharmaceutical.

The Report indicates that China's manufacturing digitalization market size reached 1,100.8 billion RMB in 2024 and is expected to grow to 2,306.8 billion RMB by 2029, at a CAGR of 16%. The release of the Report provides the industry with a valuable reference for market entry decisions and helps technology, product and service providers to expand into the demand-side market.

For supply-side decision makers, the Report can help them understand the latest trend of Digitalization, take a further step to focus on core application industries and regions, as well as innovate products with their own technical advantages and industry expertise based on analysis of pain points and trends in manufacturing digitalization. This will help to establish long-term trust with enterprises and accompany them on the path of Digitalization.

On the other hand, the Report also offers guidance for corporate demand-side decision-makers by providing a grasp of prevailing solutions for digitalization and the latest industry trends. It allows them to understand the strategic planning and implementation experience of other enterprises in digitalization, learn about the different digital paths selected by various enterprises based on different backgrounds as well as understand local governments’ incentives and promotion policies to assist their own digitalization planning and implementation.

Mr. Jor Zhou, the founder and CEO of Digit Events, stated, " The data and analysis in the Report will profoundly affect the future development of the manufacturing industry, since it accurately presents the trillion-dollar new blue ocean of manufacturing digitalization for the first time. It will support more excellent digital solution providers to empower the manufacturing industry, and accelerate the development of digitalization, networking and intellectualization development in Manufacturing in China, so as to achieve high-quality development.”