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The Global Smart Manufacturing market is expected to reach $467.75 billion by 2026 growing at a CAGR of 13.2% during 2018 to 2026.

The key vendors mentioned are IBM, Yokogawa, Stratatys, Siemens, Schneider, SAP, Rockwell, Oracle, Honeywell, GE, Emerson, Daifuku, Cisco, ABB, and 3d Systems.

Hyderabad, India - August 9, 2019 /MarketersMedia/

Smart manufacturing is used to optimize the developed process by employing a processor manager, big data, and other computerization to progress manufacturing efficiencies. This manufacturing decreases the workload and makes for extra plasticity in the whole procedure. Some of the factors such as rising demand for automation to attain effectiveness and excellence, require for compliance and government support for digitization, propagation of internet of things are driving the market growth. However, concern about data security is restraining market growth.

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Based on Enabling Technology, Industrial 3D printing simplifies the costly and time overriding procedure of manufacturing tools, eliminating congregation position and thus, tumbling labor expenditures as well. Industrial 3D printing is also used for developing individual machineries such as weighty equipment and machine components, it as well allows for customizations according to client requests.

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Components Covered:
• Software
• Services
• Sensor
• Robotics
• Machine Vision Systems
• Hardware
• Control Device
• Communication Segment
• Other Components

Information Technology Covered:
• Warehouse Management System
• Plant Asset Management
• Manufacturing Execution System
• Industrial Communications
• Human Machine Interface
• Enterprise Manufacturing Intelligence

Enabling Technology Covered:
• Machine Condition Monitoring
• Industrial Machine Vision
• Industrial IoT
• Industrial Cybersecurity
• Industrial 3D printing
• Digital Twin
• Collaborative Robots
• Automated Guided Vehicle
• AI in Manufacturing

Technologies Covered:
• Distributed Control System (DCS)
• Product Lifecycle Management (PLM)
• Enterprise Resource and Planning (ERP)
• Supervisory Controller and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)

End Users Covered:
• Process Industry
• Discrete Industry

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period

Contact Info:
Name: Sadhana Shukla
Email: Send Email
Organization: Syngene Market Research Reports
Website: https://www.syngeneresearch.com/

Source URL: https://marketersmedia.com/the-global-smart-manufacturing-market-is-expected-to-reach-46775-billion-by-2026-growing-at-a-cagr-of-132-during-2018-to-2026/88906342

Source: MarketersMedia

Release ID: 88906342

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