In 2023, IoT captured a commanding share of the Industry 5.0 market by enabling interconnected environments that enhance efficiency, real-time decision-making, and agility.
In 2023, the manufacturing segment secured the lion’s share of the Industry 5.0 market through smart technology integration, like cobots, AI, and IoT, improving efficiency and adaptability.
In 2023, North America held the leading position in the Industry 5.0 market, driven by advanced tech infrastructure, a skilled workforce, and significant investments in AI and smart manufacturing.