Industrial Automation Industry Size, Share, Trends and Growth
The global industrial automation market size was USD 191.89 billion in 2021 and is projected to grow from USD 205.86 billion in 2022 to USD 395.09 billion by 2029, at a CAGR of 9.8% during the forecast period.
The Industrial Automation Industry Scope and Overview Report for 2024 presents a detailed analysis of the latest trends in the global Industrial Automation Industry. The report covers new product launches, market contributions, partnerships, and mergers during the forecast period. It provides a comprehensive overview of the market, including market segmentation, and highlights the characteristics of the global Industrial Automation Industry.
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FAQs
What was the Industrial Automation Industry size in 2024?
What is the Industrial Automation Industry growth rate?
The Industrial Automation Industry market is expected to grow at a CAGR during 2024-2030.
What are the key technology trends impacting the Industrial Automation Industry?
Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Industrial Automation Industry Growth
The increase in rate of recovery of financial losses is anticipated to augment the growth of the Industrial Automation Industry within the estimated period. Industrial Automation Industry helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption.