Smart factory market to cross US$155 bn by 2025

U.S. smart factory market, by application, 2018 & 2025

Global Smart Factory Market is set to grow from its current market value of more than $75 billion (€66 billion) to over $155 billion (€138 billion) by 2025; according to a new research report by Global Market Insights, Inc. The smart factory market is driven by the growing demand for intelligent industrial solutions that organise output and save huge labour & operational costs. These factories are digitally advanced & connected facilities that enhance the manufacturing performance along with replacing human workers in a variety of operations. Several technologies including IoT,…

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