Smart Manufacturing Platform Market worth $10.8 billion by 2024

The report "Smart Manufacturing Platform Market by type (Device & Connectivity Management, Application Enablement), Application (Performance, Optimization, Asset & Condition Monitoring), Industry (Process, Discrete), Deployment Type, Region - Global Forecast to 2024",smart manufacturing platform market is projected to grow from USD 4.4 billion in 2019 to USD 10.8 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 19.7%. The rising importance of Industry 4.0 and the smart factory are the major factors driving the market growth, increasing interests of automation players in the platform market, strategic partnerships of automation players with cloud service providers provide an opportunity for the market.