Technavio has been monitoring the industrial automation services market and it is poised to grow by USD 12.77 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Industrial Wireless Automation Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of almost 6%, the market growth will accelerate in the forecast period of 2020-2024.
- What is the key factor driving the market?
- Increasing focus on predictive maintenance is one of the key factors driving the market growth.
- Who are the top players in the market?
- ABB Ltd., Emerson Electric Co., FANUC Corp., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants.
- Which region is expected to hold the highest market share?
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 5.38%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Emerson Electric Co., FANUC Corp., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. The increasing focus on predictive maintenance will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Industrial Automation Services Market 2020-2024: Segmentation
Industrial Automation Services Market is segmented as below:
- Process Industries
- Discrete Industries
- North America
- South America
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Industrial Automation Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial automation services market report covers the following areas:
- Industrial Automation Services Market size
- Industrial Automation Services Market trends
- Industrial Automation Services Market analysis
This study identifies the adoption of high-speed communication network solutions as one of the prime reasons driving the industrial automation services market growth during the next few years.
Industrial Automation Services Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the industrial automation services market, including some of the vendors such as ABB Ltd., Emerson Electric Co., FANUC Corp., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Backed with competitive intelligence and benchmarking, our research reports on the industrial automation services market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Industrial Automation Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist industrial automation services market growth during the next five years
- Estimation of the industrial automation services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial automation services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial automation services market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY SERVICE
- Market segmentation by service
- Comparison by service
- PE – Market size and forecast 2019-2024
- M&S – Market size and forecast 2019-2024
- OS – Market size and forecast 2019-2024
- Consulting – Market size and forecast 2019-2024
- Market opportunity by service
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Process industries – Market size and forecast 2019-2024
- Discrete industries – Market size and forecast 2019-2024
- Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Value chain integration by automation solution providers
- Virtualization of automation control systems
- Growing implementation of Software as a service
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ABB Ltd.
- Emerson Electric Co.
- FANUC Corp.
- Honeywell International Inc.
- Mitsubishi Electric Corp.
- OMRON Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE 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.