Industrial Automation Market, By Type (Fixed Automation and Programmable Automation), By Technology
MRFR reports that the Global Industrial Automation Market valued at USD 128.63 Billion in 2017. The market valuation is projected to grow further at a 9.35% CAGR during the forecast period (2018 to 2023). Industrial Automation empowers risk mitigation, resiliency, agility, responsiveness, and faster time to market. It increases capacity utilization, which drives capital investment in the newest automation technologies. The new systems increase competitiveness and enable the recruitment of a smarter, tech-oriented workforce, thus enabling more automation. Industries are increasingly moving towards automation of manufacturing and related processes.
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