Press release
Industrial Automation Services Market 2018 to 2023 by Global Key Players: General Electric Company, Rockwell Automation, Johnson Controls Inc, Samsung Electronics , Danaher Corporation
High demand of operation efficient solution by industries, developing IoT and cloud technology, increasing adoption of automation by industrial manufacturer, and increasing demand of safety compliance automation services are some of the factors driving the growth in industrial automation services market globally. However, lack of technical expertise is expected to hinder the market growth in coming years.
Siemens AG (German),Honeywell International Inc.,(U.S.) General Electric Company (U.S.), Mitsubishi Electric(Japan), Rockwell Automation(U.S.), Johnson Controls Inc.(U.S.), Samsung Electronics Co., Ltd. (South Korea), Schneider Electric (France), Yokogawa Electric Corporation(Japan), OMRON Corporation (Japan), Danaher Corporation (U.S.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Industrial Automation Services market.
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The global industrial automation services market is segmented on the basis of service, solution, and end user. The service segment is further classified into professional service, consulting, technical training, system integration services, and others. However, the consulting service segment is expected to hold the major share of the market. It hypothesize the design and broadly define the requirements for the automation of plants. It supports every phase of the projects starting from startup and appointing to ongoing maintenance. It leverage the current assets to increase output, improve quality, ensure safety and fulfill regulations. Professional service companies possess an expertise solution and knowledge of tools and process that makes users workflows seamless and high performing. These companies are highly experienced and projects a detailed focus while offering services to small and mid-sized businesses. They provide a complete risk management solution and possess knowledge regarding cutting edge security features and implements them across different range of business environments. It is also essential for the successful implementation of automation software.
The North American region holds the largest share of the global market share followed by Europe, and Asia Pacific regions. The U.S. and Canada are dominating the North American market due to rising technological enhancements and established automation industry.
Asia Pacific region is expected to grow at the highest CAGR. Japan, South Korea, India, and China are the major revenue contributors to the industrial automation services market, especially, for manufacturing activities.
The global industrial automation services market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.
Intended Audience
Technology Investors
Research/Consultancy firms
Technology Solution Providers
Government Bodies
Original Equipment Manufacturers
Consulting and training service providers
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