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The rise of Internet of Things (IoT) is ushering us into the era of smart factories or Industrial 4.0. The global smart factory market, in terms of value, is expected to grow at a CAGR of 10.4% and reach USD 74.80 billion by 2020. The next generation of factories is characterized by the use of immense computing power, sophisticated sensor technology, artificial intelligence control systems and other revolutionary technologies.
Based on our in-house research expertise, we've compiled the technology focus areas and the market landscape for Industrial 4.0. This infographic takes a closer look at:
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For a complete report of the ever changing scenarios of smart factories, including the manufacturing industry trends, landscape, analysis and market outlook, write to [email protected]