Smart Factory Market is Projected to Reach USD 150 billion in 2027, and will grow at a CAGR of 11.4%

Gmi Research17 May, 2022Business

GMI Research forecasts the Smart Factory Market to reach a value of USD 150 billion by 2027, growing at a CAGR of 11.4% over the forecast period. The market is driven by the increasing demand for advanced technologies such as IoT in an industrial environment, increasing emphasis on resource optimization, cost reduction, and energy efficiency.