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System Integrator For Industrial Automation Market Size Forecasted To Achieve $52.26 Billion By 2029 With Steady Growth
System Integrator For Industrial Automation
What Is the Current System Integrator For Industrial Automation Market Size and Its Estimated Growth Rate?
The market size for system integration in industrial automation has seen substantial growth recently. It is projected to rise from $41.61 billion in 2024 to a potential $44.03 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 5.8%. This surge experienced during the historical phase is linked to the adoption of Industry 4.0, enhancements in efficiency and productivity, along with customization and scalability, and cost savings.
The industrial automation system integrator market is anticipated to experience consistent expansion in the coming years, expected to reach $52.26 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 4.4%. The predicted growth during this period is linked to elements such as remote monitoring and control, cybersecurity issues, insights from data analytics, sustainability efforts, and global expansion of the market. Key trends expected in this period encompass the advancement of robotics and automation, accelerated digital transformation, AI-focused automation, the broadening of Industry 4.0 principles, and implementing digital threads.
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How Are Emerging Segments Shaping the System Integrator For Industrial Automation Market Landscape?
The system integrator for industrial automation market covered in this report is segmented -
1) By Type: Hardware, Software, Service
2) By Deployment based: On-Premise, Cloud-based, Hybrid
3) By Application: Automobile, Logistics, General Industrial, Other Applications
4) By Industry: Oil And Gas, Chemical And Petrochemical, Food And Beverage, Energy And Power, Pharmaceutical, Pulp And Paper, Aerospace And Defense, Electrical And Electronics, Mining And Metal, Other Industries
Subsegments:
1) By Hardware: Programmable Logic Controllers (PLCs), Industrial Control Systems (ICS), Sensors and Actuators, Human-Machine Interfaces (HMIs), Robotics and Automation Equipment
2) By Software: Manufacturing Execution Systems (MES), Supervisory Control and Data Acquisition (SCADA) Software, Distributed Control Systems (DCS), Enterprise Resource Planning (ERP) Software for Automation, Industrial Internet of Things (IIoT) Platforms
3) By Service: System Design and Engineering Services, Installation and Commissioning Services, Maintenance and Support Services, Consulting and Customization Services
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Which Growth Factors Are Influencing System Integrator For Industrial Automation Market Expansion?
The rise in the use of cloud computing is anticipated to fuel the expansion of the system integrator for industrial automation market. Cloud computing refers to the services provided over the internet and its uptake is growing due to its scalable, cost-effective, and adjustable computing resources. System integrators in the industrial automation industry can leverage this technology to offer scalable, flexible and remote solutions, facilitating effortless integration, data management, and real-time analytics across various industrial processes. For example, Eurostat, the statistical office of the European Union based in Luxembourg, stated that the use of cloud-based solutions in the European Union went up by 4.2% compared to 2021. Large enterprises demonstrated a remarkably high affinity towards cloud computing services with 77.6% of them opting for such services in 2023, signifying a 6% increase from 2021. Moreover, in 2023, 59% of medium-sized enterprises acquired cloud computing services, a rise compared to 53% in 2021. Simultaneously, there was a 3.8% surge in the use of cloud computing services among small businesses. Consequently, the escalating adoption of cloud computing is propelling the growth of system integrator for industrial automation market.
Who Are the Dominant Players Across Different System Integrator For Industrial Automation Market Segments?
Major companies operating in the system integrator for industrial automation market are Siemens AG, General Electric Company, Asea Brown Boveri Ltd., Cameron International Corporation, Rockwell Automation Inc., Automation Tooling Systems Inc., Wood Group Mustang Inc., Burrow Global LLC, Wunderlich Malec Engineering Inc., Barry-Wehmiller Design Group, Avanceon Limited, JR Automation Technologies LLC, Optimation Technology Inc., Intech process Automation Inc., Prime Controls L.P., Maverick Technologies LLC, Mangan Inc., Tesco Controls Inc., CEC Controls, Champion Technology Services Inc., Hallam-ICS Inc., mCloud Technologies, Matrix Technologies
What Trends Are Driving Growth in The System Integrator For Industrial Automation Market?
Major corporations in the system integrator for the industrial automation market are concentrating on the creation of innovative solutions such as the RCS product line to give them a market advantage. The RCS product line is engineered to streamline various processes such as setting up robots, conducting health checks, and recovering after collisions. For example, Renishaw, a UK engineering firm, unveiled the RCS product line in May 2023. The product line, which encompasses the RCS L-90, RCS T-90, and RCS P-series, has the capacity to revolutionize the commissioning and servicing of industrial automation technologies. It tackles issues related to manual setup, calibration, and maintenance of robots with a focus on precision and repeatability of operations. These products, which are compatible with Renishaw's robotics and RCS software suite, benefit from the firm's specialized knowledge and technologies in industrial metrology applications.
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Which Geographic Regions Are Expected to Dominate the System Integrator For Industrial Automation Market in the Coming Years?
North America was the largest region in the system integrator for industrial automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the system integrator for industrial automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the System Integrator For Industrial Automation Market?
2. What is the CAGR expected in the System Integrator For Industrial Automation Market?
3. What Are the Key Innovations Transforming the System Integrator For Industrial Automation Industry?
4. Which Region Is Leading the System Integrator For Industrial Automation Market?
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