Industry 4.0 Market: Trends and Future Outlook
The fourth industrial revolution has influenced how the manufacturing sector works. Digitalization has been taking over almost every sector and across industries. Transformative trends like the development of digital communication and robotics improvements may be the driving forces behind this. Globally, the Industry 4.0 market is becoming more and more popular. Therefore, there has been substantial growth in the market. A research firm, GMI Research, mention in their industry 4.0 market analysis that industry 4.0 market size reached USD 72.7 billion 2022 and would reach 314.5 billion in 2030. This rapid development is owing to the rising adoption of automation in many manufacturing sectors.
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