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.” To further this market validation, Fortune Business Insights indicated in a March 2022 report that the global industrial automation market is projected to increase from $205 billion in 2022 to $395 billion by 2029. Learn more.
The majority of surveyed companies are currently considering, planning, or implementing predictive maintenance systems in some form, according to PMMI Business Intelligence’s 2022 report “Challenges and Opportunities for Packaging and Processing Operations.” AdvancingManufacturing by Any Means or Name.
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