Smart Manufacturing Market hit USD 187 billion in 2019 and will grow at 12.8% CAGR during 2020-2027 | Size, Share & Trends

The Smart Manufacturing Market was valued around USD 187 billion in 2019 and is predicted to grow at a CAGR of 12.8% CAGR over the forecast period (2020-2027).
The factors driving the growth of Smart Manufacturing Market includes Government policies supporting industrial automation, emerging focus by major companies on meeting regulatory compliance, rising complexities in the supply chains, commercialization of 5G technology and increasing labor costs around the world.

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