Covid-19 Impact on Smart Factory market

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Covid-19 Impact on Smart Factory market Research
Report By Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Covid-19 Impact on Smart Factory market Forecast
To 2023
Covid-19 Impact on Smart Factory market Forecast
To 2023
The smart factory is defined as a combination of
high-tech tools and high-tech workers that
represents the technological and manufacturing
development. Market Research Future (MRFR) has
published a report about the global Covid-19
Impact on Smart Factory market that foretells
boost for this market at 9 CAGR (Compound Annual
Growth Rate) between 2016 and 2022. Regarding
value, the market is expected to be worth the US
73 bn by the end of the forecast
period. Observing the market structure, this
report offers insights about factors affecting
the market growth. Measuring the market size and
foretelling the revenue, this reports examines
and monitors the competitive developments of
market players that include joint ventures, new
product developments, mergers and acquisitions,
research and developments (RD), and strategic
alliances
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Covid-19 Impact on Smart Factory market Forecast
To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Internet of
Covid-19 Impact on Smart Factory market Forecast
To 2023

• The primal factor that backs the global Covid-19
  Impact on Smart Factory market growth is growing
  demand for sustainable and service-oriented
  business practices the smart factory is designed.
  Smart factory depends upon adaptability, fault
  tolerance, flexibility, and risk management.
  Other factors on which the market growth abuts on
  are developments in the internet of things (IoT),
  industry players emphasizing on improving the
  efficiency of the manufacturing process, focus on
  power consumption, usage of robots, and lastly,
  increased investments in big data analytics,
  cloud technologies IoT by corporate
  organizations. However, the shortage of skilled
  and trained workers can be a threat to the market
  growth.

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Covid-19 Impact on Smart Factory market Forecast
To 2023
Global Covid-19 Impact on Smart Factory market
Segmented on the basis of
The global market for smart factories is
segmented on the basis of component,
connectivity, services, and industry
verticals. Based on the components, the market
has been bifurcated into hardware and software.
The hardware segment includes control devices,
industrial robots, sensors, machine vision
systems, among others. Moreover, the segment is
expected to acquire the fastest CAGR of 13.6
over the review period. Software segment
comprises Distributed Control System (DCS),
Enterprise Resource Planning (ERP), Supervisory
Control and Data Acquisition (SCADA),Programmable
Logic Controller (PLC), Programmable Automation
Controller (PAC), and others.
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Covid-19 Impact on Smart Factory market Forecast
To 2023
Global Covid-19 Impact on Smart Factory market -
Geographical Analysis
On the basis of region, the global Covid-19
Impact on Smart Factory market has been segmented
into Asia Pacific, North America, Europe, and the
rest of the world. The North American region is
the largest regional market for smart factories
and is estimated to lead the market share over
the assessment period. This is attributed to the
presence of multinational organizations with
extensive investments in research and development
activities for industrial automation and other
advanced technologies such as Industrial Internet
of Things (IIoT) and cloud technology. The
presence of significant market players, along
with established industries, is also expected to
contribute towards the market share.
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Covid-19 Impact on Smart Factory market Forecast
To 2023
Global Covid-19 Impact on Smart Factory market -
Competitive Analysis

• The major market players identified by MRFR in
  the global Covid-19 Impact on Smart Factory
  market include Siemens AG, General Electric
  Company (GE), ABB Ltd, Rockwell Automation,
  Schneider Electric, Honeywell International Inc.,
  FANUC Corporation, Mitsubishi Electric
  Corporation, Emerson Electric Co., Johnson
  Controls International PLC, Yokogawa Electric
  Corporation, Atos SE, Robert Bosch GmbH, Cognex
  Corporation and Ubisense.
• Industry News
• September 2019 NTT DOCOMO, a leading Japan-based
  mobile operator, announced that it became a
  member of the 5G Alliance for Connected
  Industries and Automation (5G-ACIA), aiming to
  expand the usage of 5G technology in the
  manufacturing sector.

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