According to a comprehensive research report by Market Research Future (MRFR), “Industrial Automation Services Market” information by Solution, by Service, by End Use and Region – Forecast to 2027” market size to reach USD 264.69 billion, growing at a compound annual growth rate of 8.9% by 2026.
The global industrial automation services market is witnessing significant revenue growth. Rising adoption of automation and smart manufacturing in manufacturing sectors across the globe is a major driving force behind the market growth. Besides, the growing need to develop new business strategies and improve manufacturing’s core competencies impacts the market development positively.
Additionally, rapid technological changes, adoption of new systems networking architectures, and integration of interoperability of devices and systems create significant market opportunities. Also, advances in industrial robotics with the integration of artificial intelligence and other technologies, such as machine vision and sensors, propel market revenues, significantly improving pricing and performance scenarios.
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