Global Smart Factory Market to Reach $294.9 Billion by 2030: Emphasis on Gaining Competitive Edge Steers IIoT Adoption
DUBLIN, July 10, 2023 /PRNewswire/ -- The "Smart Factory: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Smart Factory estimated at US$152.2 Billion in the year 2022, is projected to reach a revised size of US$294.9 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030.
Control Equipment & Software, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$127.5 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Reporting & Analysis Software segment is readjusted to a revised 10% CAGR for the next 8-year period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
Key Topics Covered:
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/cknbux
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