Start driving decisions with machine data.
Categories:

    The smart manufacturing market is showing growth, and it predicted to just miss $400 billion by the year 2025.

    "The report says the market size will reach $395.2 billion in 2025, up from $172.34 billion in 2016. Key growth factors include an increasing demand for connected supply chains and knowledge-based manufacturing processes, according to the report."

    This is in part due to important technology becoming more readily available. Globally, governments have invested in the market and businesses are buying in. How will this impact the overall smart manufacturing market size?

    Recommended ReadReport: Smart manufacturing market to hit $395.2 billion by 2025Source: http://www.techrepublic.com

    The global smart manufacturing market size is predicted to hit nearly $400 billion by 2025, according to a new report from Grand View Research. The report says the market size will reach $395.2 billion in 2025, up from $172.34 billion in 2016. Key growth factors include an increasing demand for connected supply chains and knowledge-based manufacturing processes, according to the report. Increasing availability of certain technologies, including 3D printing and plant asset management solutions, to SMBs is also helping to expedite the growth. Out of the available options, digital twin and real-time analytics are expected to provide the most growth for businesses as they digitize. Read More

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Why additive manufacturing is growing in popularity

    Why additive manufacturing is growing in popularity

    Additive manufacturing is becoming increasingly popular.  Why is that? For starters, because it's versatile and can work for so many different types of manufacturing companies.  That is not the only r...

    Manufacturing News
    How will the Coronavirus impact manufacturing?

    How will the Coronavirus impact manufacturing?

    The new outbreak of Coronavirus could cause more than just global health impacts.  It could actually affect economics and manufacturing around the world.  Here are a few reasons why. Factory Shutdowns...

    Manufacturing News
    A look back in manufacturing and technology

    A look back in manufacturing and technology

    It’s 2020 - a new decade!  While we are often looking forward to the future in this industry, it’s also important to look back at where we came from.  Here are a few incredible successes from the last...

    Manufacturing News
    Two trends in sustainable manufacturing

    Two trends in sustainable manufacturing

    Sustainable manufacturing is still a big topic in this industry! Everyone is talking about how to be greener and more efficient.  Going green is not only good for the earth, it could be great for your...

    Manufacturing News
    Three predictions for manufacturing in 2020 and beyond

    Three predictions for manufacturing in 2020 and beyond

    2020 is officially here! Happy New Year! With the turn of the century comes new predictions for what will happen next in manufacturing.  Here are three! 1. Wearables The use of wearables in the manufa...

    Manufacturing News
    A crash course in automated metrology

    A crash course in automated metrology

    As manufacturing changes, so are manufacturing terms! New vocabulary is constantly being created in this field as it becomes more advanced. Have you heard of automated metrology yet? Quality Magazine ...

    Manufacturing News
    Recent manufacturing metrics for the US and China

    Recent manufacturing metrics for the US and China

    In global manufacturing news, metrics show that manufacturing in China is expanding. Meanwhile, numbers show that the US manufacturing market contracted last month.  This news is especially interestin...

    Manufacturing News
    How manufacturing is working toward sustainability

    How manufacturing is working toward sustainability

    Many manufacturing companies are jumping on the eco-friendly train and trying to reduce their impact on the environment.  CSO Magazine said, "It’s clear then that CEO activism to meet the consumer eco...

    Manufacturing News
    Who is most likely working with AI in manufacturing?

    Who is most likely working with AI in manufacturing?

    We know that AI is affecting how manufacturing companies operate, but how is it affecting jobs specifically? Who is it affecting? It's actually somewhat complicated to measure. A Brookings report on t...

    Manufacturing News
    Two reasons why manufacturing isn't in a recession

    Two reasons why manufacturing isn't in a recession

    The manufacturing industry, like any other, will have ups and downs. Recent reports on the state of manufacturing have been very negative, but calling it a recession is likely over the top. These repo...

    Manufacturing News