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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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:
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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
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
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
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
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
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND 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
PART 14: VENDOR ANALYSIS
Market positioning of vendors
Emerson Electric Co.
Honeywell International Inc.
Mitsubishi Electric Corp.
Rockwell Automation Inc.
Schneider Electric SE
Yokogawa Electric Corp.
PART 15: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
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