Automation Trends To Rule The Market In 2024 - Addverb

Automation trends to rule the market in 2024

In recent decades, technology has undergone substantial advancements. The year 2023 marked a significant milestone for automation technologies globally. Its integration across various sectors, businesses, and organizations has delivered numerous advantages in terms of heightened productivity, efficiency gains, and cost reductions. As we enter 2024, a wave of new technological advancements is poised to revolutionize the way we work, particularly within the industrial sector. Automation stands at the forefront of this transformation, poised to reshape multiple industries, unlocking unprecedented levels of creativity and efficiency.

According to the Precedence Report, the worldwide industrial automation market was valued at USD 196.6 billion in 2021 and is expected to exceed USD 412.8 billion by 2030, growing at an anticipated CAGR of 8.59% from 2022 to 2030.

As we approach 2024, businesses of all sizes are gearing up to leverage a diverse array of technological tools to achieve their objectives related to efficiency, sustainability, and production. Automation is increasingly prevalent within manufacturing organizations, playing a pivotal role in their production processes. Many businesses perceive this adoption as a significant stride toward embracing the latest industrial revolution.

Know More