Smart Factory Market

Gmi Research23 May, 2022Technology

The smart factory market is projected to witness significant growth, owing to the advent of smart technologies. The adoption of smart technologies decreases the need for human labor across all major industries, such as energy, mining, manufacturing, and petrochemicals. Further, rapid digitalization across industries and the growing need for industrial automation are other prominent factors stimulating market growth. Smart factory helps in effortless supervision, reduces factory waste, and improves production speed.