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The Industrial Automation Market Growth was estimated to be USD 206.85 billion in 2022 and is projected to reach USD 433.8 billion by 2030, with a compound annual growth rate (CAGR) of 9.7% during the forecast period from 2023 to 2030.In recent years, the Industrial Automation Market has witnessed remarkable expansion, and this trend is expected to continue in the coming decade. The market's estimated value in 2022 stood at a substantial USD 206.85 billion, reflecting the increasing adoption of automation technologies acros... more

  The global industrial automation market size reached USD 210.50 Billion in 2022 and is expected to register a revenue CAGR of 8.6% during the forecast period, according to the latest analysis by Emergen Research. Rapid adoption of Industry 4.0 technologies across the globe and increasing investments to modernize manufacturing activities are key factors driving revenue growth of the market. Industrial Internet of Things (IIoT) and cyber-physical systems, which are intelligent, autonomous systems that employ computer-based algo... more