Industrial Control and Factory Automation Market - Global Forecast to 2022
Report Description “The industrial control and factory automation market growth directly linked with penetration of industrial internet technologies and M2M communications” The industrial control and factory automation market was valued at USD 108.80 billion in 2015 and is projected to reach USD 153.30 billion by 2022, at a CAGR of 4.88% between 2016 and 2022. The advancements in industrial internet and machine to machine communication technologies
Report Description Increased focus on efficiency and cost of production by manufacturers, government’s inclination towards adoption of new technologies in manufacturing sector, and increased connected supply chain are driving the market.
Whereas, the factors such as shortage of skilled workforce, high capital investments over conventional manufacturing, and lack of awareness among SMEs are the restraints for the market.
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Table of content Industrial Control and Factory Automation Market - Global Forecast to 2022 1.INTRODUCTION 17 2.RESEARCH METHODOLOGY 21 3.EXECUTIVE SUMMARY 29 4.PREMIUM INSIGHTS 34 5.MARKET OVERVIEW 39 6.INDUSTRY TRENDS 52 7.INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET, BY TECHNOLOGY 61
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