Industry 4.0 Market Expands with Rise in Digitalization, Says TMR Study – GlobeNewswire

| Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY, N.Y., April 19, 2022 (GLOBE NEWSWIRE) — The global Industry 4.0 market is estimated to register growth at a CAGR of 26.7% during the forecast period, according to a research report by Transparency Market Research (TMR).

Companies operating in the automobile and manufacturing industries are increasing their focus on improving production efficiency. Hence, they are seen developing new production plants using smart factory solutions. Moreover, these enterprises are focusing on replacing conventional production techniques with next-gen smart manufacturing technologies and connected production systems, which, in turn, is creating business prospects in the global Industry 4.0 market.
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