SIMATIC STEP 7 SAFETY ADVANCED SOFTWARE

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 5.8% respectively over the analysis period. China, the world`s second largest economy, is forecast to reach a projected market size of US$43.2 Billion by the year 2026 trailing a CAGR of 8.6% over the analysis period. is estimated at US$28.2 Billion in the year 2021. Market is Estimated at $28.2 Billion in 2021, While China is Forecast to Reach $43.2 Billion by 2026

SIMATIC STEP 7 SAFETY ADVANCED SOFTWARE

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reporting & Analysis Software segment is readjusted to a revised 8.7% CAGR for the next 7-year period.

Control Equipment & Software, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$99.5 Billion by the end of the analysis period. The scenario is expected to prompt various factories to implement automated solutions and robotics for safeguarding their employees from the infection risk.ДЄmid the COVID-19 crisis, the global market for Smart Factory estimated at US$140.4 Billion in the year 2020, is projected to reach a revised size of US$214.2 Billion by 2026, growing at a CAGR of 7.4% over the analysis period. The crisis is fueling the adoption of vision-guided robots for reducing the risk of infection to workers. The COVID-19 pandemic has created a pressing need for manufacturing factories to ensure worker safety while maintaining their operations. In addition, increasing demand for automated manufacturing platforms in industries like manufacturing, automotive, chemical and medical devices is expected to propel market prospects. Enterprises in the industrial sector are implementing industrial robots, the Internet of Things (IoT), and connected devices for increased visibility, real-time data analysis and predictive maintenance. Growth in the global market is set to be driven by increasing investments in automation systems and advances in manufacturing technologies to achieve mass production and push overall efficiency and productivity. In the smart manufacturing model, standalone production facilities can communicate with other sites within the factory, and facilitate integration of existing industrial infrastructure facilities with IoT and cloud computing. `Smart Factory` or `Smart Manufacturing` or the `Factory of the Future` is a concept that envisages creation of intelligent factories, where the traditional disparate manufacturing processes are linked to generate intelligent data. Global Smart Factory Market to Reach $214.2 Billion by 2026 Access to our digital archives and MarketGlass Research Platform Online interactive peer-to-peer collaborative bespoke updates New York, (GLOBE NEWSWIRE) - announces the release of the report 'Global Smart Factory Industry'. Market presence across multiple geographies - Strong/Active/Niche/Trivial. Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares.

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