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Smart Factory Market size is set to grow by USD 97.1 billion from 2024-2028, Increasing focus of vendors on setting up new smart factories to boost the market growth, Technavio

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NEW YORK, July 4, 2024 /PRNewswire/ — The global smart factory market size is estimated to grow by USD 97.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.87% during the forecast period. Increasing focus of vendors on setting up new smart factories is driving market growth, with a trend towards emergence of industrial internet of things (IIoT). However, data privacy and security concerns poses a challenge. Key market players include ABB Ltd., Azbil Corp., Cisco Systems Inc., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., FUJI Corp., General Electric Co., Honeywell International Inc., Johnson Controls International Plc., Microsoft Corp., Mitsubishi Electric Corp., Oracle Corp., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Industrial sensors, Industrial robots, Industrial 3D printers, and Machine vision systems), Solution (SCADA, MES, DCM, PLC, and PLM), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Azbil Corp., Cisco Systems Inc., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., FUJI Corp., General Electric Co., Honeywell International Inc., Johnson Controls International Plc., Microsoft Corp., Mitsubishi Electric Corp., Oracle Corp., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.

Key Market Trends Fueling Growth

The Industrial Internet of Things (IIoT) and technological advancements are driving the adoption of smart machines in industries and services sectors. The increasing use of smart devices, wireless technology, and cloud services will expand the utility and flexibility of smart machines. Vendors offer remote services and control modules through Wi-Fi technology, enabling human operators to manage multiple machines at once. IIoT integrates various smart machines to help companies meet strategic goals and key performance indicators (KPIs). The forecast period will see an increase in IIoT adoption for creating connected and synchronized factories. To meet the evolving needs of smart factories, equipment must be adjustable, and robots must be highly flexible. Vendors are improving user interfaces to make smart machine operation accessible to non-technical staff. IIoT’s growth will benefit vendors in the smart machines market, with demand for expert systems, autonomous robots, and other smart machines. These factors are expected to fuel the growth of the smart machines market during the forecast period.

In today’s business world, Smart Factories are trending due to their ability to increase speed and quality in manufacturing processes. These factories prioritize workplace safety, optimize floor space utilization, and integrate navigation systems with mobile robots. The plastic and wood industries are embracing this technological trend, using real-time scenario data from compatible devices like smartphones and HMIs. Engineers utilize physics-based modeling for improved employee productivity, capturing data in real-time through sensors like level, temperature, flow, pressure, force, image, and gas sensors. Decision-making is enhanced through real-time analysis, while organizational design and distribution, strategic, and commercial activities are streamlined. Energy efficiency and product quality are key benefits, along with risk mitigation, cost savings, and asset utilization. The process industry segment, including oil & gas, is a significant adopter, focusing on energy efficiency and offshore regions. IoT devices play a crucial role in Smart Factory operations, enabling uninterrupted production and reducing unplanned downtime.

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Smart factories are revolutionizing industrial processes with automation and data-driven decision making. However, the increasing use of connected devices and web-based communication in industrial settings also exposes these systems to cyberattacks. In the oil and gas industry, data breaches can disrupt operations and lead to financial or intellectual losses. In the power industry, the adoption of smart grids and SCADA systems increases vulnerability to cyberattacks, which can compromise sensitive data and disrupt network operations. Vendors offer anti-malware solutions, but hackers continue to find new ways to bypass security. A single compromised system in a network can bring down the entire system, posing significant risks to data centers and industrial networks. The evolving nature of cyberattacks poses a significant challenge to the growth of the smart factory market.In today’s business landscape, the Smart Factory Market is facing several challenges. The integration of smart field devices and industrial robots requires reliable communication technologies like 5G and IoT for seamless data exchange. Cyberattacks pose a significant threat to networked devices, including sensors in the Metal & Mining industry. Augmented and virtual reality, machine learning, and artificial intelligence are transforming manufacturing methods, but ensuring safety and quality control in real-time data is crucial. 5G technology and cellular connections offer reliable and robust wired connectivity for high-speed manufacturing, reducing downtime. Self-optimizing equipment and machine learning improve plant efficiency and consistency. However, organizations must address new requests for data insights and issue resolution, ensuring on-time delivery and product improvement. Covid-19 pandemic and lockdown orders have disrupted production activities, making it essential to adapt to Industry 4.0 and Smart Manufacturing Technology. Industrial robot usage in sectors like Aerospace & Defense and 3D printing segments is increasing, requiring consistent and efficient production systems. Ensuring data security and privacy is vital as more gadgets and production systems become interconnected.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This smart factory market report extensively covers market segmentation by

Component1.1 Industrial sensors1.2 Industrial robots1.3 Industrial 3D printers1.4 Machine vision systemsSolution2.1 SCADA2.2 MES2.3 DCM2.4 PLC2.5 PLMGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Industrial sensors- The Smart Factory market refers to the implementation of advanced technologies, such as automation, robotics, and IoT, in manufacturing processes. This results in increased efficiency, productivity, and quality. Companies invest in Smart Factories to reduce costs, improve competitiveness, and meet customer demands. The market is expected to grow significantly due to the ongoing digital transformation in industries. Smart Factories enable real-time monitoring and data analysis, leading to better decision-making and optimized operations.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

Smart factories are transforming traditional manufacturing processes by integrating advanced technologies such as deep learning, computer vision, context awareness, big data, SCADA systems, Industrial IoT (IIoT), and data analysis. These technologies enable real-time data collection and analysis, leading to improved efficiency, productivity, and quality. The cloud, capital investments in IT infrastructure, software, advanced machinery, industrial robots, communication technologies, and 5G technology are essential components of smart factories. Sensors, cyberattacks, and industrial sensors are critical concerns in this domain. The Metal & Mining industry and Information Technology industry are major adopters of smart factories, with applications ranging from predictive maintenance to augmented reality and virtual reality. The integration of these technologies requires careful planning and collaboration between IT and operational technology teams.

Market Research Overview

Smart factories are transforming traditional manufacturing processes by integrating advanced technologies such as Artificial Intelligence (AI), Deep Learning, Computer Vision, Context Awareness, Big Data, and SCADA systems. Industrial IoT (IIoT) and IT infrastructure play a crucial role in data collection and analysis. Real-time data enables self-optimizing equipment, improving plant efficiency, safety, and quality control. Smart field devices, industrial robots, communication technologies, and 5G technology are key components of smart factories. Sensors and cyberattacks are significant challenges that need to be addressed. Various industries, including Metal & Mining, Aerospace & Defense, Plastic, and Wood, are adopting smart manufacturing technology. Augmented Reality (AR) and Virtual Reality (VR) enhance manufacturing methods, providing new requests for data insights, issue resolution, and on-time delivery. Real-time data exchange and reliable connections are essential for high-speed manufacturing and reducing downtime. The technological trend towards Industry 4.0 and smart manufacturing technology is accelerating, with 5G networks and IoT playing a significant role. The Covid-19 pandemic and lockdown orders have increased the adoption of smart manufacturing technology to maintain production activities. Smart manufacturing technology offers numerous benefits, including consistency, speed, quality, workplace safety, floor space utilization, and navigation systems using mobile robots. Engineers use physics-based modeling and HMI to improve employee productivity and data capture, transmission, and real-time analysis. Compatible devices like smartphones and smart eyewear are also being used in smart factories.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentIndustrial SensorsIndustrial RobotsIndustrial 3D PrintersMachine Vision SystemsSolutionSCADAMESDCMPLCPLMGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Global Medical Device Manufacturer Reaches Best-in-Class Learning Velocity with Workera, Upskilling Its Workforce Four Times Faster Than Industry Norms

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Workera analysis of over 800 participants finds a 42% average proficiency gain in 13 days and surfaces hidden capabilities across the workforce

PALO ALTO, Calif., June 18, 2026 /PRNewswire/ — Workera, the trusted skills data layer for the enterprise, today released findings from a leading global medical device manufacturer’s workforce transformation initiative, documenting measurable gains in learning velocity, proficiency, and capability maturity. The analysis, drawn from over 830 participants across structured upskilling programs, shows the company reached Workera’s highest performance tier, best-in-class learning velocity, while surfacing and developing previously hidden workforce capabilities at scale.

Medical device manufacturers face intensifying pressure to innovate faster while maintaining the safety and regulatory rigor that defines the sector. That demands a workforce that can move fluidly between established competencies and emerging technical capabilities, AI, cloud infrastructure, digital collaboration, without sacrificing precision or accountability. The challenge is widespread: the World Economic Forum’s Future of Jobs Report 2025 finds that 39% of workers’ core skills are expected to change by 2030, and 85% of employers plan to prioritize workforce upskilling by then. This manufacturer’s results show how verified capability measurement and personalized development can unlock both velocity and resilience.

“What this manufacturer achieved isn’t a faster training program, it’s a different operating speed for capability itself,” said Kian Katanforoosh, founder and CEO of Workera. “Their active participants moved from foundational to accomplished proficiency in under two months, roughly four times faster than typical industry rates. That kind of velocity doesn’t come from more content. It comes from verified measurement. When employees and leaders can see exactly where proficiency stands and where the gaps are, development stops being guesswork and starts being precise.”

The Transformation Results

Workera’s analysis examined verified capability across the company’s baseline proficiency, structured upskilling programs, and continuous learning pathways. The findings point to both strong execution and a repeatable model for enterprise skill transformation:

Best-in-class learning velocity: Active participants achieved a learning speed of +39 points per week, well above the industry average of 5–10 points per week. At that pace, employees moved from Beginning to Accomplished proficiency in under two months, placing the company in Workera’s highest tier: Level III (“Best-in-Class”).

Rapid, significant proficiency gains: Across all participants who took an initial assessment, studied, and reassessed, scores rose from an average of 168 to 239, a +42% improvement, in an average of just 13 days between assessments. The gains show that personalized development paths let employees focus on closing their specific skill gaps.

Program-level overachievement: While the platform-wide gain matched the +42% benchmark, the company’s core structured programs exceeded it:Core technical programs: +53% average score improvement per employee, in an average of 14 daysGlobal enterprise programs: +44% average score improvement per employee, in fewer than 15 daysCorrecting the self-assessment gap and reducing training waste: A persistent workforce challenge surfaced clearly in the data: employees routinely underestimate their own capabilities. Across cohorts, 78% of the broader employee population underrated their skills. By surfacing these hidden capabilities through objective measurement, the company avoided the redundant courses that drive most training waste, directing development only where it was actually needed and moving employees into high-value roles faster.

Full transformation in core power skills: The company drove Teamwork to Level 5 maturity (“Successful Transformation”), with 84% of assessed employees ranking as Accomplished and none remaining at the Beginning level. Foundational AI and leadership capabilities, including Generative AI Essentials (70% Accomplished) and Digital Leadership Fundamentals (67% Accomplished), crossed into Level 4 maturity (“Broad-Based Capability”), establishing a resilient, AI-ready cultural foundation.

Why This Matters for Medical Device Innovation

Medical device manufacturers operate under constraints many industries don’t: regulatory rigor, safety criticality, and the need to maintain established competencies while rapidly acquiring new ones. These results show those constraints and fast learning velocity are not in conflict.

Verified measurement enabled three outcomes:

Confidence in AI readiness: With 70% of the workforce at accomplished proficiency in Generative AI Essentials, the company can deploy AI-augmented workflows across product development, manufacturing, and operations, backed by decision-grade evidence that employees understand both capability and risk.

Precision in capability development: By measuring actual proficiency rather than course completion, the business identified who needed further development and who could move directly into high-impact roles, eliminating wasteful training cycles and shortening time-to-contribution.

Resilience through cultural alignment: Reaching Level 5 maturity in Teamwork across 84% of the workforce reflects something deeper than a metric, a culture where learning is embedded in how work happens, not layered on top of it. That foundation makes future capability transitions faster and more durable.

The Broader Implication

What this manufacturer achieved, moving from baseline to accomplished proficiency in a core capability in an average of 13 days, sets a new benchmark for enterprise upskilling. It challenges the assumption that workforce transformation is inherently slow, and shows that combining verified measurement, personalized development, and employee agency can accelerate learning velocity to four to five times industry norms without sacrificing quality or safety.

For medical device manufacturers balancing innovation speed with regulatory accountability, the insight is direct: the bottleneck to faster capability development isn’t employee capability. It’s clarity. When employees and leaders can see exactly what proficiency looks like and where gaps exist, development becomes efficient, measurable, and fast.

“The velocity here matters for every manufacturer and healthcare organization watching the AI transition,” Katanforoosh added. “Workforce transformation doesn’t have to be a 12-month program. It can be a two-month sprint, but only when you measure capability rigorously, personalize development precisely, and give employees clear proof of progress. In regulated industries especially, that combination is what makes speed and accountability compatible instead of opposed.”

To learn more about how Workera supports workforce transformation in medical device manufacturing and other regulated industries, visit workera.ai.

About Workera

Workera is the AI agent platform built to maximize human potential. Workera reads capabilities from the tools people already work in, verifies them continuously, and does so at scale. Our four purpose-built AI agents handle every talent decision: who to hire, who’s ready to move, where the gaps are, and how to close them. The newest, Ambient Coaching, surfaces skills intelligence in the flow of work. Trusted by the Fortune 100, Workera has been recognized by TIME’s Best EdTech Companies and World’s Top HRTech Companies in 2025 & 2026; the World Economic Forum’s Tech Pioneers; and Inc.’s 2025 Fastest Growing Companies. In 2024, Workera was named one of Fast Company’s Most Innovative Companies alongside Microsoft, Canva, and others leading the AI revolution. Learn more at workera.ai.

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SOURCE Workera

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Bulletproof Named to 2026 CRN’s Solution Provider 500 List

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FREDERICTON, NB, June 18, 2026 /CNW/ – Bulletproof announced today that it has been recognized by CRN®, a brand of The Channel Company, on the 2026 CRN Solution Provider 500 list, the annual ranking of the top solution providers, VARs, systems integrators, strategic service providers, and IT consultants with operations in North America by revenue.

“The Solution Provider 500 list highlights those companies generating the highest revenue through leadership in business and service innovation,” said Jennifer Follett, Vice President, U.S. Content, Executive Editor at CRN, The Channel Company. “This recognition highlights those organizations that consistently demonstrate agility and sustained growth amid rapidly evolving industry demands and technological change. Congratulations to every company that earned a well-deserved place on this year’s Solution Provider 500.”

This achievement reflects Bulletproof’s continued momentum as a trusted technology partner delivering end-to-end IT solutions. For more than 20 years, Bulletproof has helped public and private sector organizations modernize, manage and optimize their technology environments while reducing risk and improving resilience. With deep Microsoft expertise and an integrated delivery model, Bulletproof helps customers turn complex technologies into practical scalable solutions that support operational efficiency and drive meaningful business outcomes.

“As organizations work to modernize infrastructure, strengthen security, and prepare for the next wave of AI-driven change, they need practical guidance and accountable execution. Said Guido Timmerman, President of Bulletproof. “This recognition underscores Bulletproof’s commitment to helping customers turn complex technologies into real business outcomes through deep expertise, integrated services, and a model built on one partner from strategy to execution.”

The full 2026 Solution Provider 500 list is available at crn.com/sp-500/

About The Channel Company  
The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com

About Bulletproof
Bulletproof is a Microsoft Solutions Partner delivering end-to-end security, compliance, cloud, and modern work solutions to help organizations operate with confidence. 

For more than 20 years, Bulletproof has helped public and private sector organizations reduce risk, strengthen cyber resilience, and modernize and manage their technology environments. Our deep Microsoft expertise enables us to translate complex technologies into practical solutions that drive real business outcomes.  

Our award-winning team delivers managed IT and security services, 24/7 SOC monitoring, compliance and governance programs, cloud transformation, and professional services that support organizations at every stage of their journey. Bulletproof protects tens of thousands of client workstations across North America and beyond, empowering them to secure, comply, and grow with confidence. For more information visit: bulletproofsi.com.

SOURCE Bulletproof

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Ted Kangaroo Launches Four New Products including the Groundbreaking Sideways Rocker

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New Sensory Support Chair Offers Targeted Lateral Motion for Calmer Regulation

CHICAGO, June 18, 2026 /PRNewswire/ — Ted Kangaroo, the sensory support brand known for creating premium but playful, functional tools that help children regulate, focus and thrive, is proud to announce the launch of the first-of-its-kind, patent-pending Sideways Rocker. The Sideways Rocker, developed through consultation with clinicians, is a beautifully designed sensory chair that fits into any home, classroom or clinic, providing a plush, inviting space for children to experience calming vestibular input through gentle, side-to-side motion. The Sideways Rocker’s launch coincides with the release of three additional products: the Smiling Critters Squeeze Seat, ExtraPlus Foam Sensory Chair and ExtraPlus CloudNest Triangle Chair. Each product is developed to provide targeted sensory input, building on Ted Kangaroo’s clinically informed, play-based approach.

“The Sideways Rocker combines real sensory science with a design kids love. Gentle lateral motion engages the vestibular system in a unique way that other products don’t, while the soft, supportive foam seat delivers proprioceptive calm to help them feel more grounded—an active, playful way for kids to self-regulate,” said Jacob Fisch, CEO and Founder of Ted Kangaroo. “Together with the Smiling Critters Squeeze Seat and our ExtraPlus line of shredded foam chairs, this expansion reflects what Ted Kangaroo is all about: turning complex sensory science into joyful, everyday tools that help children feel grounded and capable.”

Most chair-like sensory regulation products currently available allow for backward-forward rocking movement only. While many existing products offer side-to-side motion, they are typically open designs, like balance boards or canoes. Ted Kangaroo’s one-of-a-kind design integrates that same lateral movement into a supportive, contained seat, allowing children to experience calming motion while feeling secure and grounded.

Additional benefits of the Sideways Rocker include:

Deep Pressure Hug: The padded high-back and side-cushion design naturally cradles a child’s body, simulating a reassuring hug that reduces anxiety and sensory overloadImproves Focus: The rhythmic swaying helps channel restless energy, which is especially helpful for children with ADHD, autism or sensory processing needsVersatile Use: Ideal for classrooms, therapy rooms, or any calm-down corner in a home

“Side-to-side rocking activates a distinct set of vestibular receptors — lateral movement receptors — that forward-backward rocking simply doesn’t reach,” adds Lindsey Biel, M.A., OTR/L, and Ted Kangaroo Advisory Council Member. “The Sideways Rocker creates a unique opportunity to obtain that much-needed sensory input at home, at school, and in the OT clinic, making it a powerful tool for helping kids feel and function at their best.”

Highlights of the three additional new product releases include:

Smiling Critters Squeeze Seat

Designed for multi-position sitting, allowing children to rock gently back and forthCombines vestibular input with calming compression to support focus and reduce anxietyVarious sitting and rocking positions help children relax and enhance their mood

ExtraPlus Foam Sensory Chair

Filled with shredded foam for an ultra-soft, plush feel that molds to the body for adaptive supportCreates a cocoon-like environment that encourages self-soothingAllows kids to rock, bounce and snuggle for tactile and vestibular input

ExtraPlus Sensory Triangle Chair

Offers similar calming and supportive benefits to promote relaxation, focus and sensory regulationFilled with soft, shredded foam for a plush, sink-in feel with added structureBean bag-inspired design with more support, helping children feel secure while seated

Learn more and shop Ted Kangaroo sensory support rockers, seats, vests and more online at www.ted-kangaroo.com.

ABOUT TED KANGAROO

Ted Kangaroo is a sensory-support brand creating playful, functional tools that help nurture and support children so they can reach their full potential. Developed in collaboration with pediatric therapists, Ted Kangaroo products translate sensory science into accessible, everyday solutions for families, educators, and clinicians. From calming vests to tactile activity tools, each product blends gentle therapeutic support with joyful design—encouraging calmness, focus, and body awareness. More than a product line, Ted Kangaroo is a trusted partner in helping children build essential skills, navigate daily routines, and grow with confidence. Learn more at ted-kangaroo.com.

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