Press release
Growing demand for IoT and artificial intelligence in industrial environments, a growing focus on energy efficiency
Global Smart Factory Market size was calculated at USD 74.6 Billion in 2021 and is estimated to reach USD 152.9 Billion by 2028, growing at a CAGR of 10% for the forecast period of 2022 to 2028. Prominent elements expected to boost the smart factory market's growth are the rising attention on energy absorption, manufacturing usefulness, and the growing procedure for a developed base for manufacturing. Moreover, the industry concentrates on the cyber world. Every value chain component would be attached to ensure informed manufacturing with no time lags. Zero faults are the aspects further foreseen to positively impact the growth of the smart factory market in the forecast period. Furthermore, the increasing demand for industrial robots, essential energy effectiveness, resource optimization, and expense reduction, the growing emphasis on real-time data analysis, spontaneous visibility, and predictive maintenance are estimated to drive the change in the smart factory market in the forecast period.Free Sample Request: https://www.shingetsuresearch.com/sample-request/global-smart-factory-market/
Component Overview in the Global Smart Factory:
Based on the component segmental analysis, the market is segmented into Solutions and Services. Smart Manufacturing Solutions Segment to Have Maximum Share in the global smart factory. The skilled services segment is cast to maintain the maximum market share under the services segment. Selected players in the market are showing a broad range of professional services to establish a strong customer base.
Deployment Overview in the Global Smart Factory:
The market is segmented into Cloud and On-Premise based on deployment segmental analysis. Cloud to appear as the Most Preferred Deployment Type in Forthcoming Years. The cloud-based software segment is predicted to achieve traction in the post-outbreak era of the pandemic. This movement is likely to continue, as the migration to automation & digitization highlights the demand for dependable, secured, scalable, and off-premise progressive technology services.
Enterprise Overview in the Global Smart Factory:
The market is segmented into Small & Medium Enterprise and Large Enterprise based on enterprise segmental analysis. Large Enterprises to be the Major Customers of Smart Manufacturing Solutions. Small and mid-sized enterprises are foreseen to reduce their cloud spending due to a downturn in the capital expense attributed to the reduced demand for products and services and funding stubbornness during the pandemic.
Industries Overview in the Global Smart Factory:
Based on industries segmental analysis, the market is segmented into Discrete and Process. Discrete Industry to Monopolize the Manufacturing Sector. The discrete industry is possible to dominate the market during the forecast period. Process Industry is also segmented into pharmaceuticals, food & beverages, chemical and oil & gas. The discrete industry is the largest revenue-generating segment due to the rising need for Smart Factory from the automotive industry.
Regional Overview in the Global Smart Factory:
Based on the regional segmental analysis, the market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. The Asia Pacific regions are predicted to hold the highest revenue share during the forecast period. North America is also fast appearing as an industrial hub. As a result, there is huge demand for boosting existing infrastructure with the latest technologies. Smart aspects of the fourth industrial revolution may deliver the key to efficiency for manufacturers.
Read Full Report Description: https://www.shingetsuresearch.com/smart-factory-market/
Global Smart Factory: Competitive Market:
The companies include ABB Ltd., Siemens AG, General Electric, Mitsubishi Electric Corporation, Robert Bosch GmBH, Rockwell Automation Inc., Schneider Electric, Honeywell International Inc., Emerson Electric Co., Fanuc Corporation and other prominent players in the global smart factory market.
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2. https://www.shingetsuresearch.com/industrial-control-and-factory-automation-market/
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