PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393292
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393292
According to SPER Market Research, 'Europe Smart Manufacturing Market Size- By Component, By Deployment, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Smart Manufacturing Market is predicted to reach USD 1080.60 billion by 2033 with a CAGR of 12.74%.
The integration of cutting-edge technology, including cloud computing, big data analytics, artificial intelligence (AI), and the Internet of Things (IoT), to improve industrial processes is known as "smart manufacturing." Smart Manufacturing: Enhanced productivity, lower operating costs, and better product quality are achieved through real-time data gathering, analysis, and decision-making made possible by connecting machines, devices, and systems.
Furthermore, as industry looked for resilient and adaptable ways to deal with disturbances, the COVID-19 pandemic highlighted the need of smart manufacturing. The pandemic increased the popularity of digitization, automation, and remote monitoring, which sped up the development of smart manufacturing.