Identifying Factors Contributing to the Level of Industry 4.0 Technologies Adoption among SMEs in Different Countries

Industry Revolution (IR) 4.0 technologies are considered crucial in industries to gain competitive advantage and optimize their performance. This study aims to compare different levels of adoption of IR 4.0 technologies from various industries in developed and developing countries. The comparison of countries on IR 4.0 technologies adoption from basic to advanced levels are shown in this research paper using our unique simplistic approach. Also, we identify what are the contributing factors that affect the level of adoption of these technologies. It has been concluded that developed countries are slightly higher in adopting technologies compared to developing countries. Research conducted is qualitative and descriptive, using secondary data from eight different countries from developing and developed categories.