Industry 4.0 cost reduction from digitization by industry 2016

This statistic shows the expected reduction in costs brought about by digitization over the next five years, until 2020, according to a 2016 survey conducted by PwC. As of 2016, the forest, paper, and packaging industry is expecting an reduction in costs of 4.2 percent per annum until 2020.

What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction)

Characteristic	Percentage reduction (p.a. until 2020)
Forest, paper, and packaging	4.2%
Automotive	3.9%
Chemicals	3.9%
Aerospace, defence, and security	3.7%
Electronics	3.7%
Weighted average	3.6%
Industrial manufacturing	3.6%
Engineering and construction	3.4%
Metals	3.2%
Transportation and logistics	3.2%

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Release date

April 2016

More information

Region

Worldwide

Survey time period

November 2015 to January 2016

Number of respondents

2,000+

Supplementary notes

The majority of participants were Chief Digital Officers or other senior executives with top-level responsibility in their company for industry 4.0 strategy and activity.

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