Process Advanced Service System (PASS) Market 2022 Analysis May Set New Growth Story, Forecast to 2028

The global process advanced service system (PASS) market is anticipated to grow at a CAGR of 10.0% during the forecast period (2022-2028).

PASS is a process engineering and project management capability supporting applications within bioprocessing. The major factor expected to drive the market growth is the rising energy-efficient processes across industries and the increase in demand for the advanced process control software to detect and predict any probable failure along with improvement of data accuracy. In addition, its services include the provision of basic process and facility design, mass balance calculations with subsequent equipment sizing and selection for the entire production train, and equipment servicing (change of wear parts in accordance to service intervals, service management and wear parts handling). It provides flexible automation options based on processing and facility needs, designs the equipment based on mass balance requirements for optimum process flow and maximized yield, and also tailors platform-based systems to meet process requirements, including usability and flexibility from initial concept to final design stage. These are some factors that propel the growth of the global PASS market during the forecast period.

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A full report of Global Process Advanced Service System (PASS) Market is available at: https://orionmarketreports.com/process-advanced-service-system-pass-market/105599/

Some major players in the market include IBM Corp. and Wipro Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2021, Amadeus IT Group entered into a partnership with Cambodia Airports to provide its fully integrated cloud platform for airport passenger services Amadeus Flow to swiftly deploy new passenger handling capacity through the internet as needed.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Application
o By Deployment

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- IBM Corp. and Wipro Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Process Advanced Service System (PASS) Market Report by Segment

By Product Type
• PASS Repair
• PASS Management
• PASS Inspection
• PASS Support

By Application
• Food and Beverages
• Pharmaceutical
• Packaging
• Manufacturing
• Others

By Deployment
• On-Premise
• Cloud-Based

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This release was published on openPR.