Smart Manufacturing Market Is Expected Register at a CAGR of 17.2% During 2023-2028
The global Smart Manufacturing market is expected to grow from USD 108.9 billion in 2023 to USD 241.0 billion by 2028, registering a CAGR of 17.2%. Key drivers of the smart manufacturing market include IoT adoption, AI integration, enhanced efficiency, data analytics, and cross-industry digital transformation. To remain competitive in a global marketplace, manufacturers embrace smart manufacturing to increase agility, reduce lead times, and respond more quickly to changing customer demands.
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