Smart Manufacturing Market Trends, Business Strategies and Opportunit Smart Manufacturing Market Trends, Business Strate | Page 3
Smart Manufacturing Market to 2025
Smart manufacturing is a platform that incorporates present and future plans of any manufacturing plants. Growing
trends in Internet of Things (IoT), Cloud Computing, Industrial and factory automation, industry 4.0 will pave the
path for next generation systems and manufacturing process in near future. While robotics gaining highest traction
in industrial application in recent years will set new opportunities to enhance the way processes being automated,
Manufacturers looking for cost reduction, high quality, and time optimization to produce goods. These technologies
are expected to offer optimum results in near future.
While the technologies are advanced, implementation of these systems or services are yet complex in nature and
continuous R&D are expected to fix and make things feasible going ahead. Big firms would be early adopters and
gain more benefits, as the initial investments to adopt these systems in manufacturing arena is high and the same is
expected to hinder the growth of smart manufacturing in small firms. However, many players in this market are
offering suitable solution for small and medium manufacturers, this will keep them updated with latest trends in
manufacturing and also gives an opportunity to plan well for future.
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