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Global Smart Manufacturing Market

Global Smart Manufacturing Market

Submitted by • February 13, 2020 www.maximizemarketresearch.com

Major factors driving the growth of the smart manufacturing market include Industry 4.0, rising use of industrial automation in manufacturing, government investments supporting industrial automation, increasing emphasis on regulatory compliances, increased complexities in the supply chain, and growing demand for software systems that reduce time and cost. Industrial communication is anticipated to hold the XX% share of the smart manufacturing market for information technology. However, threats related to cybersecurity, complexities in implementing smart manufacturing systems, lack of awareness about benefits of adopting information and enabling technologies, and lack of skilled workforce pose challenges to the growth of the market.

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