“The global Smart Manufacturing market size is expected to reach $520.3 Billion by 2028 growing at the CAGR of 12.24% from 2021 to 2028.”, based on the report published by Evolve Business Intelligence in May 2021.
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The recent COVID scenario impacted the Smart Manufacturing market positively. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.
The Smart Manufacturing market is segmented based on several segments including Information Technology, and Enabling Technology. The study includes a comprehensive value chain analysis, defines porter’s five forces, as well as provides details on the key factors affecting the market growth (drivers, constraints/challenges, and opportunities).
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The report includes 10 key players in the Smart Manufacturing market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
- General Electric
Furthermore, for the above-mentioned companies, the Smart Manufacturing market report demonstrates their business overview, financials revenues, and research and development. Additionally, the report also provides the competitive landscape for the market players, and the strategies adopted by them to grow in the Smart Manufacturing market (partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion).
- Base Year: 2020
- Estimated: 2021
- Forecast: 2022 to 2028 (This period can be changed in the customization)
- Compound Annual Growth Rate (CAGR) Period: 2021 to 2028
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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