Smart Manufacturing Market: The Benefits and The Features
With the aid of technology, the manufacturing process is not just producing products in a traditional and manual way. Today, the internet and other technology can help in improving the productivity and efficiency of the process, which is called smart manufacturing. This technology has been widely recognized across the globe, thereby there has been an increased demand for the smart manufacturing market. According to a leading research firm, GMI Research, the smart manufacturing market size reached USD 268.4 billion in 2022 and would reach USD 703.5 billion in 2030. This rapid development is owing to the rising demand for systems that can minimize cost and time as well as the growing focus on automation in various industries.
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