System Integrator Market to Witness the Highest Growth in North America Region

System integrator market for industrial automation is valued at USD 27.0 billion in 2022 and is anticipated to USD 35.5 billion by 2027; growing at a CAGR of 5.6% from 2022 to 2027. The growth can be attributed to a significant increase in adoption of IoT and cloud computing in industrial automation.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=223504983

System integrator market for industrial automation based on service outlook has been segmented into Hardware Integration Service, Software Integration Service, Consulting Service. Software integration service to account for significant market share in 2027. This is because Industrial automation mainly comprises software applications and supervisory software that need to be installed and connected to various devices in a manufacturing unit. Since these technologies are costly, the service charge for software integration is comparatively higher than that for hardware integration.

System integrator market for industrial automation has been segmented on the basis of technology type. Based on technology type the market has been fragmented into Human-Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution System (MES), Functional Safety System, Machine Vision, Industrial Robotics, Industrial PC, Industrial Internet of Things (IIoT), Machine Condition Monitoring, Plant Asset Management, Distribute Control System (DCS), Programmable Logic Controller (PLC). The system integrator market for industrial robotics is expected to grow at the highest CAGR. Industrial robots are widely used in manufacturing industries. They were initially used for simple material handling and spot-welding tasks. As robots started to become more accurate, they were used for assembly tasks. With the introduction of SCARA robots, assembly applications were extended to small and delicate parts such as electronics.

System integrator market for industrial automation based on industry is classified into Oil & Gas, Chemical & Petrochemical, Food & Beverage, Automotive, Pulp & Paper, Pharmaceutical, Aerospace & Defense, Electrical & Electronics, Mining & Metal and Others (textile, water & wastewater, printing, and packaging). The market is expected to be dominated by Oil & Gas industry during the forecast period.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=223504983

North America dominated the system integrator market for industrial automation and is expected to maintain the position through the forecast period. Industries in the US and Canada have been investing significantly in automation technologies. The major reason for such heavy investments is the availability of capital and government support, which has largely contributed to the growing adoption of industrial automation. Companies in these countries are also involved in the continuous development and adoption of new technologies to increase productivity at lower costs.

News also covered: https://www.prnewswire.com/news-releases/system-integrator-market-for-industrial-automation-worth-35-5-billion-by-2027---exclusive-report-by-marketsandmarkets-301688592.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.