Industry 5.0 is a new manufacturing paradigm that places a premium on human-machine interaction. The global Industry 5.0 market size is projected to be worth around USD 658.4 billion by 2030 from USD 131.13 billion in 2022, growing at a CAGR of 18% during the forecast period from 2022 to 2030. The report summarizes all the information collected and serves the customer’s requirements. The rise of advanced technologies, such as the industrial Internet of Things and the merging of Artificial Intelligence and Big Data, has created a new form of technology that can provide firms with data-based knowledge. Major players in the Industry 5.0 market include KUKA AG, ENSAI INGENIERIA S.L., Siemens AG, Rockwell Automation Inc., Schneider Electric, ABB Ltd., IBM Corporation, Microsoft Corporation, Cisco Systems Inc., and General Electric Company.
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