The report forecasts the smart machines market in the Americas to grow at a CAGR of 14.96% during the period 2016-2020.
- BAE Systems
- Rethink Robotics
The rising concept of Industry 4.0 that include automation, IoT, cloud computing, and smart machines in the automotive and electricals and electronics industries is crucial for the growth of the smart machines market in the Americas.
The market is divided into the following segments based on types:
- Expert system
- Autonomous robots
- Digital assistants
According to the report, a key growth driver is the growth of investments in smart technologies. Cloud computing, cyber-security, and mobile communications technologies are shaping industrial automation and integrating various departments such as factory floor, end-users, and other verticals of an enterprise. The need to monitor and evaluate real-time data and the process of streamlining the manufacturing set-up by providing a transparent environment between the different entities of free flow have increased investments in smart machines with AI technology.