About this market
Technavio's industrial automation services market analysis considers sales from both process industries and discrete industries. Our report also provides a detailed analysis of the market in APAC, Europe, MEA, North America, and South America. In 2019, the process industries segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing need for plant maintenance and optimization will play a significant role in the process industries segment to maintain its market position. Also, our global industrial automation services market report looks at factors such as the growing need for the main automation contractor, increasing focus on predictive maintenance, and lack of technical expertise. However, interoperability issues, challenges in managing multiple contractors, and growing cybersecurity concerns may hamper the growth of the industrial automation services industry over the forecast period.
The growing need for the main automation contractor
The need for simultaneous devising and planning of multiple projects makes strategizing automation plans difficult for end-users. This has given rise to the concept of the leading automation contractor (MAC) that enables the smooth deployment of automation control systems. MAC helps in minimizing the planning and implementation costs and maintaining standardization across various projects. The MAC quickly assesses the requirement of end-users, generates a detailed analysis and evaluation of initial process requirements, formulates front-end design and engineering, and enables the procurement of various automation solution products. This demand will lead to the expansion of the global industrial automation services market at a CAGR of almost 6% during the forecast period.
Virtualization of automation control systems
End-users are increasingly adopting virtualization, which provides benefits such as optimum resource utilization and operation and power cost savings. Virtual machines allow easy access of physical servers integrated with industrial automation systems at various locations on the plant, thereby reducing the overall cost of servers. The increasing awareness of virtual software and flexibility in operating automation software is encouraging the end-users to increasingly adopt virtualization as it provides benefits such as optimum resource utilization and operation and power cost savings. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global industrial automation services market during the forecast period 2020-2024, view our report.
With the presence of several major players, the global industrial automation services market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial automation services manufacturers, that include 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.
Also, the industrial automation services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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