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The Smart Factory Market Trends have shown exponential growth, with a valuation of USD 87.12 billion in 2022. Projections suggest substantial expansion, with the market expected to reach USD 226.26 billion by 2030, reflecting an impressive Compound Annual Growth Rate (CAGR) of 12.67% during the forecast period from 2023 to 2030.The concept of a Smart Factory represents the ultimate objective of manufacturing digitization. A Smart Factory is a fully digital manufacturing floor that facilitates real-time data collection and e... more