Technology

Smart Manufacturing Market worth $995.67 billion by 2032 – Exclusive Report by MarketsandMarkets™

Published

2 hours ago

June 5, 2026

DELRAY BEACH, Fla., June 5, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Smart Manufacturing Market is projected to reach USD 995.67 billion by 2032 from an estimated USD 380.21 billion in 2026, growing at a CAGR of 17.4% during the forecast period.

Browse 160 market data Tables and 70 Figures spread through 300 Pages and in-depth TOC on ‘Smart Manufacturing Market – Global Forecast to 2032’

Smart Manufacturing Market Size & Forecast:

Market Size Available for Years: 2021–20322026 Market Size: USD 380.21 billion2032 Projected Market Size: USD 995.67 billionCAGR (2026–2032): 17.4%

Smart Manufacturing Market Trends & Insights:

The smart manufacturing market is experiencing significant growth due to the increasing adoption of connected factory ecosystems, industrial automation platforms, and data-driven production strategies across manufacturing industries. Rising implementation of AI-enabled production systems, industrial robotics, and real-time process monitoring solutions is improving productivity, operational flexibility, and product quality across smart factory environments. In addition, growing focus on predictive maintenance, workforce optimization, and supply chain digitization is accelerating the deployment of advanced manufacturing technologies worldwide. Continuous advancements in digital twin platforms, machine vision systems, edge-enabled industrial networks, collaborative robots, and advanced industrial analytics are further supporting the transition toward intelligent, autonomous, and energy-efficient manufacturing operations globally.By Technology, the digital transformation segment is anticipated to witness the fastest growth at a CAGR of 29.6% throughout the forecast period, fueled by the rising shift toward intelligent production environments, integrated enterprise operations, and next-generation digital manufacturing frameworks.By Industry, the automotive segment is expected to account for the largest share of approximately 19% during the forecast period, driven by rising adoption of intelligent production systems, advanced robotics integration, and increasing investments in connected and highly automated manufacturing facilities.By region, North America is expected to hold a significant share during the forecast period, driven by rising Industry 4.0 investments, strong industrial automation adoption, expanding smart factory deployments, and advanced manufacturing ecosystems across the United States, Canada, and Mexico.

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Growth in the smart manufacturing market is fueled by the rising transition toward intelligent industrial operations, digitally synchronized production environments, and adaptive manufacturing ecosystems across global industries. Increasing emphasis on production agility, operational transparency, and resource optimization is encouraging manufacturers to deploy advanced automation platforms, connected industrial systems, and software-driven manufacturing technologies. Furthermore, continuous progress in industrial connectivity, machine intelligence, collaborative automation, and cyber-physical production systems is enhancing process accuracy, manufacturing flexibility, and factory-level decision support capabilities. Expanding modernization initiatives across automotive, electronics, aerospace, pharmaceuticals, and heavy industries are also generating strong demand for integrated and scalable smart manufacturing solutions worldwide.

Based on technology, the manufacturing operations system is expected to account for the second-largest share during the forecast period.

Based on technology, the manufacturing operations system (MOS) segment is expected to account for the second-largest share during the forecast period. The segment holds a significant position in the smart manufacturing market due to increasing demand for integrated production management, workflow coordination, and real-time operational monitoring across manufacturing facilities. Manufacturing operations systems enable manufacturers to improve production planning, quality control, inventory synchronization, and shop-floor visibility, supporting more efficient and streamlined industrial processes. Additionally, growing adoption of connected manufacturing environments and increasing integration between operational technologies and enterprise systems are further strengthening the market presence of manufacturing operations systems across modern industrial operations.

Based on industry, energy & power is expected to register the highest CAGR during the forecast period.

Based on industry, the energy & power segment is expected to register the highest CAGR during the forecast period. The segment is witnessing rapid growth in the smart manufacturing industry due to increasing investments in intelligent energy infrastructure, digital plant operations, and automated monitoring systems across power generation and energy facilities. Energy companies are increasingly deploying industrial IoT platforms, predictive maintenance systems, and AI-enabled asset management solutions to improve operational reliability and reduce unplanned downtime in thermal, nuclear, hydro, and renewable energy plants. For instance, smart manufacturing technologies are being used for real-time turbine monitoring in wind farms, automated inspection systems in solar panel manufacturing facilities, and digital control systems in power generation plants to enhance operational efficiency and equipment performance. Additionally, rising focus on grid modernization, remote operational visibility, and sustainable energy management is accelerating the implementation of connected industrial solutions across the global energy and power industry.

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Asia Pacific is expected to register the highest CAGR during the forecast period.

Based on region, Asia Pacific is expected to register the highest CAGR during the forecast period due to rapid industrial expansion, increasing factory automation investments, and strong government support for industrial modernization initiatives across China, India, Japan, South Korea, and Southeast Asia. Manufacturing industries across the region are increasingly adopting intelligent production technologies, connected industrial systems, and advanced automation platforms to improve manufacturing scalability and operational competitiveness. For example, automotive manufacturers in China and Japan are deploying AI-enabled robotic assembly systems, while electronics manufacturers in South Korea and Taiwan are investing in smart semiconductor fabrication facilities with advanced process automation capabilities. In addition, government-led Industry 4.0 programs, rising investments in industrial digitalization, and expanding manufacturing infrastructure are accelerating the adoption of smart manufacturing solutions throughout the Asia Pacific region.

The report profiles key players in smart manufacturing companies such as Siemens (Germany), ABB (Switzerland), Honeywell international Inc. (US), Rockwell Automation (US), Emerson Electric Co. (US), Schneider Electric (France), Yokogawa Electric Corporation (Japan), FANUC Corporation (Japan), 3D Systems, Inc (US), Cisco Systems, Inc. (US), IBM (US), Mitsubishi Electric Corporation (Japan), Oracle (US), SAP (Germany), and Stratasys (US). These players have adopted various organic and inorganic growth strategies such as product launches, capacity expansions, technology partnerships, supply agreements, collaborations, and investments.

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About MarketsandMarkets™

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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Technology

CRAY LAUNCHES “CRAY PROTECTED” VENUE SAFETY PROGRAM

Published

44 minutes ago

June 5, 2026

New program gives hospitality venues a visible, branded safety certification and physical toolkit to protect patrons from drink spiking and dating-related harm

TAMPA, Fla., June 5, 2026 /PRNewswire/ — Cray, the digital student safety platform behind CrayScore™ and SchemerScore™, today announced the launch of Cray Protected — a venue safety certification and physical materials program designed for bars, restaurants, nightclubs, and event venues that want to make patron safety a visible part of their brand.

Cray Protected gives participating venues a branded safety package that includes the official Cray Protected badge and window decals, NightCapIt drink cover stickers to prevent drink tampering, QR-coded branded coasters that connect patrons directly to the Cray safety app, venue safety posters for bathrooms and common areas, and branded shot glasses for behind the bar. Three tiered packages are available starting at $99, scaled to venue size and type, with consumable restocking available on a one-time or monthly auto-ship basis.

“A venue that makes safety visible doesn’t just do the right thing — it builds the kind of reputation that fills tables on a Friday night. Cray Protected gives hospitality operators a simple, affordable way to show their patrons that safety isn’t an afterthought.”

— Justin Smith, Founder and CEO, Cray

THE PROBLEM CRAY PROTECTED ADDRESSES

More than 11 million drinks are spiked in the United States every year. One in thirteen people report having their drink tampered with at a bar or event. Despite widespread awareness of the problem, most venues lack any structured response beyond after-the-fact incident management.

Cray Protected is designed to change that — putting prevention tools physically in the hands of staff and patrons before incidents occur, while giving venues a visible, recognizable marker of their commitment to patron safety.

THE CRAY PROTECTED PACKAGES

Venues choose from three setup kits based on venue type:

Restaurant Kit — $99

Window decals, posters, 50 coasters, 25 drink covers, 6 shot glasses, and the Cray Protected badge

Bar & Nightclub Kit — $149

Window decals, posters, 100 coasters, 100 drink covers, 6 shot glasses, and the Cray Protected badge

Event Venue Kit — $199

Window decals, posters, 150 coasters, 200 drink covers, 6 shot glasses, and the Cray Protected badge

All packages include free shipping and a listing on Cray’s growing map of Cray Protected venues. Consumable restocking — coasters and drink covers — is available as a one-time or monthly auto-ship order, with tiered pricing that reflects volume. Learn more at cray.app/protected.

THE NIGHTCAPIT PARTNERSHIP

Cray’s drink cover stickers are offered in partnership with NightCapIt, the anti-drink-spiking brand co-founded by Shirah Benarde. NightCapIt’s peel-and-stick covers are widely recognized in the bar safety space and are included in all Cray Protected venue packages.

ABOUT CRAY

Cray is a digital student safety tool available on iOS, Android, and web that helps users identify red flags, detect manipulation, and verify the identity of people they meet online before meeting in person. Cray’s product suite includes CrayScore™, SchemerScore™, BaeScore™, CatfishCheck, OffenderCheck, and VibeCheck — with core reports available free of charge. Cray also partners with universities, Title IX offices, and Greek life organizations through its campus partnership program.

Founded by Justin Smith in Tampa, Florida, Cray was built from a personal experience with deception in a long-term relationship — and a belief that informed trust is stronger trust.

cray.app | @cray.app

For venue inquiries, interview requests, or press assets, contact: hello@cray.app

For venue package information and ordering: cray.app/protected

Contact:
Justin Smith, Founder & CEO, Cray
hello@cray.app
cray.app/protected

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SOURCE Cray App, LLC

Technology

CIMA+ RECEIVES TWO DISTINCTIONS AT THE 2026 ITE CANADA DISTRICT AWARDS

Published

44 minutes ago

June 5, 2026

VICTORIA, BC, June 5, 2026 /CNW/ – CIMA+, one of Canada’s largest private consulting engineering firms, received two distinctions at the 2026 ITE Canada District Awards, recognizing both project excellence and leadership in the transportation industry. Presented during the ITE Canada District Awards Luncheon held on June 3 in Victoria, British Columbia, the awards highlight outstanding achievements and contributions within Canada’s transportation community.

CIMA+ received the ITE Transportation Achievement Award – Planning for its work with the City of Edmonton on the 2025 update of the Complete Streets Design and Construction Standards (CSDCS). This initiative modernizes the city’s street design standards by integrating best practices in active transportation, climate resilience and safety. Thanks to the enhanced standards, designers now have clearer guidance in the development of more accessible, sustainable and livable communities. The enhancements also serve as a benchmark for other cities, both in Alberta and across Canada.

In addition, Kelsey Waugh, Project Manager, Transportation Mobility at CIMA+, was recognized with the ITE Canada District Rising Star Award for her leadership, technical expertise and contributions to the transportation profession.

With more than a decade of experience in transportation planning and engineering, Kelsey has led complex multidisciplinary initiatives, including transportation studies, environmental assessments, road safety reviews and large-scale data collection programs. She is also actively involved in mentoring emerging professionals and fostering collaboration within teams and across the industry.

Her involvement with ITE spans both Section and District leadership roles, including currently serving as Treasurer for the ITE Canada District. Recognized as one of Canadian Consulting Engineer’s Top 10 Under 40, Kelsey continues to contribute to the advancement of the profession through industry engagement, knowledge sharing and leadership development.

About CIMA+

CIMA+ provides complete consulting engineering services in the areas of Energy and Resources, Infrastructure, Defence, Transportation, Buildings, Project Management, Operational and Digital Technologies (including Telecommunication Systems), and Earth and Environment. The search for excellence has been part of our DNA since our founding in 1990, and our teams draw on decades of experience acquired across Canada to deliver quality projects that meet our clients’ expectations. This commitment to excellence and quality has allowed CIMA+ to rank among the largest private consulting engineering firms in the country. Today, with over 45 offices across Canada, CIMA+ employs more than 3,700 people, most of whom share ownership in the company.

Our multidisciplinary team is driven by a shared passion to deliver sustainable solutions that make our world a better place.

From our Board of Directors to the communities we serve, our commitment to people is evident in our drive to innovate, in the projects we carry out and in every action we take.

For more information, visit cima.ca

SOURCE CIMA+

Technology

Tech hiring lifts national job growth, demonstrates rising demand for tech talent, CompTIA finds

Published

44 minutes ago

June 5, 2026

Major tech employment metrics show positive results in May

DOWNERS GROVE, Ill., June 5, 2026 /PRNewswire/ — US employers expanded their technology workforces amid ongoing demand for tech talent, according to analysis by CompTIA, the leading global provider of vendor-neutral IT training and certifications.

Nearly 587,000 active job postings for technology occupations were listed by US employers last month.

Tech occupation employment, which includes technology professionals working in all industry sectors, increased by 69,000 workers in May, CompTIA’s analysis of the U.S. Bureau of Labor Statistics (BLS) #JobsReport data shows.1 An estimated 5.9 million people work in tech occupations across the country

The unemployment rate for tech occupations is 3.1%, a drop from April’s 3.5% rate.

Tech industry employment increased by about 6,700 jobs in May.2 Job growth was led by new hiring in two categories – cloud infrastructure, data processing and hosting, and IT and custom software services and systems design.

“More than ever, business success relies on technology,” said Seth Robinson, vice president, industry research, CompTIA. “Our research has shown a desire to build capability in core operational functions, which then allows companies to build advanced practices in AI, data and cybersecurity.”

Nearly 587,000 active job postings for technology occupations were listed by employers last month.3 The total included almost 269,000 newly added job postings in May, an increase of about 4,000 from April.

By volume of job postings, positions for software developers and engineers, systems engineers and architects, tech support specialists and cybersecurity engineers and analysts were among those in highest demand. Positions for web developers, search engine optimization specialists and telecommunications engineering specialists saw the biggest month-over-month jumps on a percentage basis.

Tech job postings were widely dispersed geographically, with the New York, Washington and Dallas metropolitan areas having the highest numbers of openings.

The “CompTIA Tech Jobs Report” is available at https://www.comptia.org/en-us/resources/research/tech-jobs-report/.

About CompTIA
CompTIA, Inc. is the leading global provider of vendor-neutral training and certification products in the information technology (IT) space. Over four million CompTIA certifications have been awarded to current and aspiring technology workers, business professionals, government and military personnel, career changers, students and others. Working in partnership with thousands of academic institutions, governments, training providers and workforce development organizations, CompTIA uses best-in-class learning solutions, industry-recognized certifications and career resources to help job seekers reach their full potential and employers develop skilled technical talent. Learn more at https://www.comptia.org/.

Contact
Steven Ostrowski
CompTIA
sostrowski@comptia.org
630-678-8468

1 Monthly occupation level data from the U.S. Bureau of Labor Statistics tends to experience higher levels of variance and volatility.
2 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions.
3 Active job postings include new postings added by employers in the latest month and open postings carried over from previous months.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tech-hiring-lifts-national-job-growth-demonstrates-rising-demand-for-tech-talent-comptia-finds-302792781.html

SOURCE CompTIA