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The global industry 5.0 market is projected to experience significant growth due to the increase in use of collaborative robots, surge in demand for the manufacturing industry, and growing availability of cost and energy-efficient robots. The market is expected to reach $637.4 billion by 2032, with a CAGR of 17.3% from 2023 to 2032. The integration of predictive analytics in supply chain and maintenance operations, coupled with the rise in prevalence of automation technologies, is anticipated to drive market growth. However, challenges such as elevated installation costs and concerns about data privacy and regulatory compliance may hinder market growth.