According to the new market research report, Smart Factory Market, by Solution (Distributed Control System, Manufacturing Execution System, Product Lifecycle Management, Human Machine Interface, Programmable Logic Controller, Supervisory Control & Data Acquisition, Enterprise Resources Planning), Component (Sensors & Actuators, Control Valves, Machine Vision, Control Devices, Industrial Robotics), End-User Industry (Discrete Industry, Process Industry) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022 published by Scalar Market Research.
Chicago, IL -- (SBWIRE) -- 04/06/2017 -- The objective of this report Smart Factory Market is to describe the market trends and revenue forecasts for the smart factory market for the next five years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
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The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the smart factory market. The scope of this report covers the smart factory market by its major segments, which include the solutions, components, end-users, and the major geographic regions.
KEY PREMIUM INDUSTRY INSIGHTS
The key factors driving the growth of the smart factory market include the increasing focus on energy conservation and improving the process efficiency.
The growth in manufacturing count, growing adoption of connected supply chain, and the introduction of various favorable regulations by governments in different regions are also some of the major market drivers.
Rapid industrialization in developing regions is expected to open opportunity window for the major players in the smart factory market during the forecast period.
However, the lack of skilled labor, sensitive data security threats, and high capital investment are the factors that may hamper the market growth in the coming years.
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