QYR made the prediction that the value of smart factory markets can be 68850.34M USD by 2022

According to QYR research, the global smart factory markets has a total value of 23756.99 M USD back in 2012, and increased to 40739.91 M USD in 2017. We made the prediction that the value of smart factory markets can be 68850.34M USD by 2022.The CRA of smart factory is 11.06% from 2017 to 2022.

Publisher: QYResearch

Published Date: 2018/8/30

Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution.

According to QYR research, the global smart factory markets has a total value of 23756.99 M USD back in 2012, and increased to 40739.91 M USD in 2017. QYR made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, QYR made the prediction that the value of smart factory markets can be 68850.34M USD by 2022.The CRA of smart factory is 11.06% from 2017 to 2022.

North America was the largest market with a market share of 29.09% in 2012 and 26.56% in 2017 with an increase of 2.53%. Europe and China ranked the second and third markets with the market share of 26.50% and 18.92% in 2016.

The smart factory market has been increased in accordance with the development of whole economy, technology and emerging application and the whole world response to the industry 4.0. What is more, continuous advancement in machine intelligence and internet is expected to bring about a fourth industrial revolution, expected to offer a wide range of benefits, including greater efficiency, flexibility, and safety. So, we will see a fast growth rate of the market. What more, there are some problems to be solved ahead, such as the whole supply chain, the whole eco-system, the fierce competition, the high cost, the international standard and so on.

The vendors are better find their own characteristics, improve product and service quality, including the software and hardware, as well as the services, pay attention to all of the supply chain and eco-system and good brand communication. Following the market trends, access to greater competitive advantage, concerning more on their customer experience and services to get a bigger market share.

Click to view the full report: https://www.qyresearch.com/index/detail/129721/global-smart-factory-market

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