Industry 4.0 market size in Italy 2017-2022

With the launch of the National Industry 4.0 Plan in 2017, the fourth industrial revolution was sweeping across Italy. Manufacturers were investing both in hardware and software to bring about smart factories. These investments focused on predictive maintenance as well as asset and energy management. Investments in Industry 4.0 technologies were expected to increase in the years following the launch of the plan, as the Italian government promoted the digital transformation of the manufacturing sector with various fiscal advantages. In 2020, the Industry 4.0 market was expected to reach 2.9 billion euros.

Internet of Things

Internet of Things (IoT) played the most important role in industry transformation: by adopting IoT technologies, such as radio frequency identification, companies aimed at increasing operational efficiency and obtaining more data to provide new services. However, IoT technologies found applications in households as well. The smart metering was the biggest sector between 2016 and 2018.

Bridging the skills gap

Another relevant investment area promoted by the National Industry 4.0 Plan was training and skills development. In fact, in the context of this industrial plan, Robotic & automation managers and IoT engineers were the most in-demand professions, while artificial intelligence experts were slightly less in demand. The Italian AI market, in fact, was still relatively small.

Market size of Industry 4.0* in Italy from 2017 to 2019 with a forecast for 2020 to 2022

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Sources

Release date

June 2020

Region

Italy

Survey time period

2019

Supplementary notes

* Data refer to industrial systems (addictive manufacturing and advanced manufacturing solutions) as well as to ICT solutions (augmented reality, IoT, Cloud, Cybersecurity, Big Data, Machine learning, horizontal and vertical integration, simulation software). ** Forecast.

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Statistics on "Internet of Things in Italy"

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