According to a new study from Grand View Research, the global smart manufacturing market is forecast to reach $395.2bn by 2025.
This growth is likely to come from the increasing emphasis that firms across multiple industries are placing upon both increasing production efficiency and improving transparency across their supply chains.
Advanced technologies such as automation, 3D printing, manufacturing execution systems (MES) and asset management solutions are becoming more widely available, with Small and medium enterprises (SMEs), resulting in market growth.
