Did you know that the industrial and factory automation industry segment is expected to reach $295 billion by 2025?
The U.S. Commercial Service, export promotion arm of the Department of Commerce’s International Trade Administration, recently highlighted the demand and development of the industrial and factory automation (Learn more).
Here are the key themes:
- Increasingly more companies are adopting Industry 4.0 trends & IoT enabled smart tech.
- Connectivity and convergence are the keys to manufacturing.
- Growth rate of over 8%
“Automation equipment includes motors and actuators, relays and industrial control devices (such as motor control centers, programmable logic controllers (PLCs), and more), and sensors and instruments (for monitoring and controlling process variables like temperature, pressure, viscosity, etc.).”
We are proud to have helped many industrial, factories and automation companies over the years with managing their engineering licenses.
Make sure that with these growing demands, you are able to right size your engineering license inventory. With such explosive growth, it is crucial to make sure your team has the tools they need.