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Global smart factory market: $246 billion industry by 2018
Smart Factory Market: Global Forecast & Analysis 2013-2018 - a new market research report on 2014-04-15 02:03:01
The global smart factory market is forecast to grow to a total value of around $246 billion by the end of 2018. In terms of technology, ICS accounted for the largest market revenue at $40.04 billion, while MES enjoyed the least market share, in 2012.However, MES is expected to grow at the highest CAGR from 2013 to 2018.

For the field devices segment, industrial robotics accounted for the largest market revenue, while RFID systems enjoyed the least market revenue in 2012. Americas, with U.S. commanded for about 32% of the market share revenue. However, Asia–Pacific, with Korea and China leading the way, is likely to grow at the highest CAGR.

The Smart Factory is referred to as a fully integrated and affordable factory automation solution that streamlines the flow of materials through a manufacturing facility. Most of the industry experts believe that the smart factory will be the next big fixation in the industrial revolution. It offers MES and factory specific templates, enables problem visibility, and delivers factory reports and dashboards so that inventory control and decision making can be improved.

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