The goal of a smart factory is to optimize manufacturing processes, improve productivity, reduce downtime, enhance quality control, and enable more efficient supply chain management. The Smart Factory Market refers to the integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), robotics, big data analytics, and other smart devices within …
Tag Archives: Smart Factory Market growth
Smart Factory Market | Global Opportunity Analysis and Industry Forecast, 2021-2031 | Top Key players such as -ABB, GE, Siemens, Rockwell Automation and Schneider Electric
The factors that are driving the growth of the Smart Factory Market are the rising practice for advanced base for manufacturing, increased focus on energy consumption and improved efficiency of manufacturing. However, the factors that are hampering the growth of the market are lack of interoperability & standardization and the shortage of trained workers. Rising …