The Smart Manufacturing Market is anticipated to develop at a CAGR of 18.5% from 2022 to 2027 to reach USD 228.2 billion, up from an anticipated value of USD 88.7 billion in 2021.

The Smart Manufacturing Market is anticipated to develop at a CAGR of 18.5% from 2022 to 2027 to reach USD 228.2 billion, from an estimated value of USD 88.7 billion in 2021.

The Smart Manufacturing Market was estimated to be worth USD 88.7 billion in 2021, and it is projected to grow at a CAGR of 18.5% from 2022 to 2027, reaching USD 228.2 billion.

Smart Manufacturing Market research comprises, among other things, a comprehensive review of the industry, implementation, developments, examples, imports, offers and revenue growth rates.

The Smart Manufacturing Market was valued at USD 88.7 billion in 2021 and is projected to reach USD 228.2 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027.

Smart Manufacturing Market Share, Size and COVID-19 impact analysis, by Component (Services and Solutions), by Deployment Type (On-premise and Cloud), by Size (Small, Medium, and Enterprise), and Global Analysis and Forecast, 2021-2029

The Global Smart Manufacturing Market was valued at USD 88.7 billion in 2021 and is projected to reach USD 228.2 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027.

Smart Manufacturing Market with COVID-19 Impact by Information Technology, Enabling Technology, Industry (Process and Discrete) and Geography (North America, Europe, Asia Pacific, Rest of World) - Global Forecast to 2027

In the next section, the authors have focused on Porter’s Five Forces analysis to put forward the wide scope of the market in terms of opportunities, threats, and challenges.

The rising adoption of big data analytics, autonomous robots, artificial intelligence, and digitized supply chain management solutions in the industrial sectors is driving the demand of the market.