The smart factory market is undergoing a rapid transformation, driven by a blend of advanced technologies, robust government support, and the rising demand for efficient, automated production processes. According to a recent report by MarketsandMarkets™, the smart factory market is expected to surge from $18.8 billion in 2024 to $30.1 billion by 2029, growing at an impressive CAGR of 9.8%. This growth reflects a major shift in how industries operate, moving from traditional manufacturing to connected, intelligent, and automated ecosystems. The smart factory revolution is well underway, and industries are leading the charge. What’s Fueling the Smart Factory Boom? Several factors are contributing to this explosive market growth 1. Advanced Technology Adoption The rapid implementation of Industry 4.0 technologies , including IoT, AI, machine learning, and 3D printing, is transforming the industrial landscape. Manufacturers are using real-time data, automation, and smart systems...
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