IOT and advancement in M2M communication technology deeply impacting Industrial control and factory automation system

Steadily, one can observe findings from multiple resources revealing that, adoption of Internet of Things (IOT) and advancement in Machine to Machine (M2M) communication technology are factors propelling the growth of the industrial control and factory automation market.

However, according to Research and Markets, lack of skilled professionals and requirement of high investment to shift from traditional manufacturing to smart manufacturing are factors restraining the growth of the market. The firm also announces that, industrial revolution 4.0 would create opportunities in the market.