Reasons for Steady Growth in Smart Factory Market
Industrial automation is the process of optimizing energy efficient drive systems through precise control and measurement technologies. Increasing demand for power and environmental concerns has created demand for energy efficient solutions in factory automation segment of different industries. As a result, more and more enterprises are adopting advanced smart factory automation technologies. Smart...
North America expected to hold the second-largest share of the smart factory market during the forecast period
This region is a key smart factory market as it is home to some of the largest multinational corporations operating in this market, including the majority of the leading players. The increased R&D in the field of IoT for new and improved technologies, as well as the increasing demand for improved lifestyle are the two crucial factors driving the market in North America. In addition, rising demand...