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Report: Smart Manufacturing Soaring

Friday, May 3, 2019
 
The Smart Manufacturing report from ResearchAndMarketing.com shows that the global smart manufacturing market accounted for nearly $154 billion in 2017 and is expected to approach $437 billion by 2026, growing at a compound annual growth rate of 12.3 percent during the forecast period.

Growing demand for software systems that reduce time and cost, rising emphasis on regulatory compliances and rising use of industrial automation in manufacturing are some of the factors boosting market growth. In addition, the integration of different solutions to provide improved performance and increasing adoption of IOT and cloud platforms are providing ample of opportunities.

 

Related Enterprise Zones: Automation, Software


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