Industrial Robots and Evolution of Internet of Things (IoT) Driving the Growth of the Smart Factory Market
The increase in adoption of industrial robots and the evolution of Internet of Things (IoT) are the key factors driving the growth of the smart factory market. The smart factory market was valued at USD 120.98 billion in 2016 and is expected to grow at a CAGR of 9.3%, between 2017 and 2022.
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