Published: 29 January 2024
To many manufacturers, 2024 will be known as the year of accelerated modernization. Due to the increased IT budget, asset-intensive manufacturers will accelerate their overall smart manufacturing initiatives, and this research will help product leaders capitalize on the 2024 spending opportunities.
Manufacturers are increasing their IT spending when modernizing their factories; thus, manufacturing CIOs are searching for the right partnership with technology and service providers to deliver value-added technologies and services.
Manufacturers are looking to improve the factories by investing in technologies that help them achieve production productivity, globalize factories to expand into new foreign territories and create new revenue opportunities.
Technologies enabling smart manufacturing — such as industrial Internet of Things (IIoT), advanced analytics and industrial data management — and manufacturing intelligence apps will be critical in driving business results.
Product leaders delivering value-added technologies to seize the opportunities to improve
Clients can log in to view the entire document.
Analysts:
Scot Kim, Alexander Hoeppe, Sohard Aggarwal, Jonathan Davenport, Sudip Pattanayak, Christian Titze, Marc Halpern, Bettina Tratz-Ryan, Ellen Eichhorn, Kristian Steenstrup
Gartner research, which includes in-depth proprietary studies, peer and industry best practices, trend analysis and quantitative modeling, enables us to offer innovative approaches that can help you drive stronger, more sustainable business performance.
Our independence as a research firm enables our analysts to provide unbiased advice you can trust.
Not only is Gartner research unbiased, it also contains key take-aways and recommendations for impactful next steps.
Our research practices and procedures distill large volumes of data into clear, precise recommendations.
We provide actionable, objective insight to help organizations make smarter, faster decisions to stay ahead of disruption and accelerate growth.
We offer one-on-one guidance tailored to your mission-critical priorities.
We work with you to select the best-fit providers and tools, so you avoid the costly repercussions of a poor decision.
Connect directly with peers to discuss common issues and initiatives and accelerate, validate and solidify your strategy.
Gartner clients can log in to access the full library.
Attend a Conference
Experience Information Technology conferences
With exclusive insights from Gartner analysts on the latest trends, sessions curated for your role and unmatched peer networking, Gartner conferences help you accelerate your priorities.
Gartner IT Symposium/Xpo™
Barcelona, Spain
© 2026 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner's prior written permission. It consists of the opinions of Gartner's business and technology insights organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner business and technology insights may address legal and financial issues, Gartner does not provide legal or investment advice and its insights should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its insights are produced independently by its business and technology insights organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity. Gartner publications and other content may not be used as input into or for the training or development of generative artificial intelligence, machine learning, algorithms, software or related technologies.
