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Industry 4.0 Equipment Market Forecast to Reach $120.6 Billion by 2025


Industry 4.0 Equipment Market Forecast to Reach $120.6 Billion by 2025
Collaboration Between Humans and Machines Are Driving the Growth of the Market of the Industrial Internet of Things, Which in Turn Affects the Growth of the Market of Industry 4.0 Equipment.
BriefingWire.com, 12/21/2020 - Industry 4.0 Equipment Market is forecast to reach $120.6 billion by 2025, growing at a CAGR 12.6% from 2020 to 2025. Industry 4.0 is a term that describes a group of rapid changes in the design, manufacture, operation and service of production systems and products. Industry 4.0 is the broad transformation of the whole industrial production ecosystem by combining digital technology and the internet with conventional industry. Industry 4.0 equipment is notable for its extensive generation and use of big data, facilitated by constant, widespread internet connectivity. As LPWANs proliferate in factories, warehouses and industrial campuses, the supply chai ....

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