NEWS
Global Smart Manufacturing market size to be worth US $ 787.54 billion by 2030
T he global Smart Manufacturing Market size is projected to be valued at US $ 297.20 billion in 2023 and reach US $ 787.54 billion by 2030, growing at a CAGR of 14.9 % according to a new report by The
Research Insights. Key drivers of the smart manufacturing market growth consist of Industry 4.0 technology adoption such as IoT, AI, and robotics together with rising demands for automated operations and operational efficiency alongside
government Digital Transformation initiatives and the requirement for realtime data-based decision-making.
According to an exhaustive report by The Research Insights, the Smart Manufacturing Market is experiencing significant growth. The rise of smart manufacturing systems and solutions stems from the necessity to optimise resource utilisation along with reducing waste. The‘ Manufacturing USA’ government initiative strengthens market growth through enhanced research and development efforts that target manufacturing technologies including machine condition monitoring and AI. New technologies including human machine interface and edge computing function as growth-driving factors by reducing manufacturing downtime and boosting productivity with modern automated production techniques.
Trimble introduces Trimble Materials to enable construction material procurement and management
T rimble has announced the launch of Trimble Materials, an end-to-end purchasing, inventory and accounts payable software solution. It is designed to help contractors gain control over material costs with enhanced budget and inventory tracking. Through its office and mobile applications, the solution connects the office, field teams, warehouse teams and suppliers to centralise and streamline the contractor’ s entire purchasing and materials management process.
“ Managing numerous material orders from various suppliers amidst volatile pricing and availability presents significant challenges in the construction sector,” said Lawrence Smith, Vice President and general manager of construction management solutions at Trimble.“ Trimble Materials offers a cohesive solution by connecting material ordering, inventory and accounting, which is especially valuable in the face of potential changes in tariff policy. This digital streamlining empowers contractors to mitigate risks, control costs and gain a competitive edge in an evolving economic landscape”. �
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