Analyst proves that, the smart factory market size, in terms of value, is expected to reach USD 74.80 Billion by 2022, at a CAGR of 10.4% between 2016 and 2022.

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The report "Smart Factory Market by Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI), Component (Sensors & Actuators, Communication Technologies, Industrial Robotics, Machine Vision), Industry (Process, Discrete), and Geography - Global Forecast to 2022"

The scope of the report covers detailed information regarding the major factors influencing the growth of the smart factory market such as drivers, restraints, challenges, and opportunities. Detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, and key strategies such as new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the smart factory market.


The smart factory market is currently dominated by the discrete industry, the market for the process industry is expected to gain traction and grow at the highest CAGR during the forecast period. This report forecasts the market size and future growth potential of the market across different segments such as technology, component, industry, and region. The base year considered for the study is 2015 and the forecast period is from 2016 and 2022.

The key players in the smart factory market include FANUC Corporation, Siemens AG, ABB Ltd., Honeywell International, Inc., and Yokogawa Electric Corp. among others. These players have adopted various strategies such as partnerships, agreements, contracts, mergers & acquisitions, and new product developments to achieve growth in the global market.

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