Factory Automation Platform as a Service Market to 2018 - 2026: Siemens AG, General Electric Company, Schneider Electric Se, Mitsubishi Electric Corporation, Microsoft Corporation

The report analyzes and presents an overview on "Factory Automation Platform as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026" worldwide.

Factory Automation Platform as a Service Market: Overview ?

Factory automation platform as a service (FA PaaS) typically means factory automation processes, primarily running in an industry, are carried out with the help of platform as a service (PaaS). PaaS is basically a cloud-based computing service, which helps factory automation achieve increased productivity within stipulated time, while maintaining quality and cost. FA PaaS allows companies a higher-level of automation with reduced complexity. The overall development of the application becomes more effective due to its built-in infrastructure. FA PaaS is also useful where multiple developers are working on a single project, which involves people who are not based out of the same location. These advantages of FA PaaS helps users to maintain quality of the product, optimize costs and usage of limited human resource, and save time.

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Factory Automation Platform as a Service Market: Drivers and Restraints

The global factory automation platform as a service market is expanding at a high growth rate due to various factors such as increased focus on resource optimization and cost of production, energy efficiency, and advancement in cloud computing technology. Demand for optimized human resources along with optimized cost of production and efficiency is boosting the demand for FA Paas. Several developments presently occurring in cloud computing technology are expected to boost the factory automation platform as a service market in the near future. However, lack of skilled technicians is likely to hamper the factory automation PaaS market. Skilled workforce is limited, as the market is in the nascent phase. However, this can be overcome in the later stages of development.

Companies are experiencing an increasing need to update their factory automation infrastructure. This is because factors such as improving quality and productivity, reduced operating expenses and waste are essential for a company to achieve maximum competitive advantage. Furthermore, it is important that a manufacturer caters to changing demands of consumers regarding products and fulfills the same those before the competition. This provides a considerable opportunity to the factory automation platform as a service market in order to fulfill the demand from consumers within a stipulated time.

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Factory Automation Platform as a Service Market: Segmentation

The global factory automation platform as a service market can be segmented based on solution, service, end-user industry, and region. Based on solution, the market can be classified into supervisory control and data acquisition (SCADA), distributed control system (DCS), manufacturing execution system (MES), human–machine interface (HMI), product lifecycle management (PLM), and others. In terms of service, the factory automation platform as a service market can be segregated into platform and professional services. The platform services segment can be further sub-segmented into asset management, remote monitoring, data processing and analytics, application development and management, and security management. The professional services segment can be further split into consulting and planning, integration, training, support, and maintenance. Based on end-user industry, the market can be bifurcated into oil & gas, energy & power, chemicals, water & wastewater management, food & beverage, mining & metal, paper & pulp, pharmaceutical, and other.

Based on region, the global factory automation platform as a service market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. These geographic regions are further analyzed at the country level, wherein top countries across North America are the U.S. and Canada. Europe includes market analysis across the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific is studied and analyzed across India, China, Japan, Australia, and the Rest of Asia Pacific. The top countries in Middle East & Africa and South America include GCC countries, South Africa, and Brazil.

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Factory Automation Platform as a Service Market: Key Players

Key players operating in the global factory automation platform as a service market include Siemens AG, General Electric Company, Schneider Electric Se, Mitsubishi Electric Corporation, Microsoft Corporation, Honeywell International Inc., Hitachi Ltd., Rockwell Automation, Inc., Telit, and Advantech Co., Ltd, PTC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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