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Subject: MRR

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.

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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.

The U.S. Market is Estimated at $30.1 Billion, While China is Forecast to Grow at 9.9% CAGR

The Smart Factory market in the U.S. is estimated at US$30.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$62.1 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.

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.

Select Competitors (Total 209 Featured) -

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/cknbux

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets


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