Smart Manufacturing Platform Market Size, Share, Growth 2026
The Smart Manufacturing Platform Market is expected to reach USD 14,200 million by 2026 and is estimated to grow at a CAGR of 18% over the forecast period (2019-2026). The factors driving growth of the Smart Manufacturing Platform Market includes growing focus by companies on reducing manufacturing costs, Government initiatives to promote industrial automation, increasing popularity of intelligent machines, rapid digitalization and rise in the number of small- and medium-sized businesses around the world. Industrial automation systems eliminate human intervention, helps companies to minimizes labor costs, enhances productivity in the manufacturing process, optimizes resources, reduces downtime and inaccuracies and these systems record valuable information to identify pattern, are some of features accelerating the market growth. Moreover, growing adoption of Industry 4.0 and smart manufacturing technologies, rising demand for streamlined and automated data to enhance productivity,...