openPR Logo
Press release

Region-wise Outlook of Factory Automation Platform as a Service Market by 2025

03-30-2018 07:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Region-wise Outlook of Factory Automation Platform as a Service

Global Factory Automation Platform as a Service Market: Snapshot

Platform as a service is the term given to the collection of services and solutions that make use of cloud computing services in order to create a platform for clients and users to manage, run, and develop relevant applications while forgoing the extremely complicated task of creating and maintaining the required infrastructure. Platforms as a service, or PaaS, are commonly segregated into public and private services. Public PaaS solutions are where the provider only handles the networking and database management, while the user takes care of the software deployment. Private PaaS solutions can be more expensive but allow a greater degree of freedom for the user. Using platform as a service holds several advantages, including the scope of a user handling increasingly complex functions through the use of cloud based infrastructure, and for multiple users who are functioning from various locations.

The overall markets for factory automation are gaining steam as a swift pace, thanks to the extensive demand for these service, as well as the growing market standardization, which will make it easier on players looking to expand their business profile in multiple regions. These services are usually out through the perspectives of being end to end as well as top to bottom. Most of the environments in the factory automation scenario are directly linked to the number of devices being automated.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=557

Global Factory Automation Platform as a Service Market: Overview

The global factory automation platform as a service market is poised to tread along a healthy growth track in the forthcoming years. Factory automation platform as a service provides connectivity among cloud and factory, security resources, and data analytics platform. It facilitates factory automation application development and offers solutions and services to factory operators and factory owners by just developing core logic of each application. It is used across a large number of industries such as oil and gas, chemicals, food and beverages, pharmaceutical, paper and pulp, and water and wastewater management.

The research report on the global factory automation platform as a service market offers a thorough overview, focusing on the market dynamics that are anticipated to impact the growth of the overall market and its affiliated industries. With the help of tools such as Porter’s five force analysis and market attractiveness analysis, the study highlights the growth factors, opportunities, current trends, and limitations in the market. It profiles prominent players in the market along with their business strategies, market shares, contact information, revenue generation, and latest developments.

Global Factory Automation Platform as a Service Market: Drivers and Restraints

Amid the intense competition in the manufacturing industry across the world, there is a dire need for systems promoting rapid product development, resource optimization, shorter lead times, and quality lead times. Therefore, the growing emphasis on energy efficiency, minimum cost of production, and resource optimization is translating into the greater uptake of factory automation platform as a service. Moreover, the advancements in the cloud computing technology are fuelling the market.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=557

On the other hand, the operation of factory automation platform as a service requires high technical acumen and thus, the dearth of skilled workforce is inhibiting the growth of the market. Furthermore, the issues related to data security and privacy are challenging the growth of the market. However, the emergence of the concept of Industry 4.0 is opening new avenues for players in the market.

Global Factory Automation Platform as a Service Market: Region-wise Outlook

The regional markets covered in the research report are North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific will command a substantial share in the market throughout the forecast period. The increasing investments by private and public organizations for technological advancements in the field of factory automation platform as a service are creating phenomenal growth opportunities for the growth of the region. The establishment of local data centers by large international players is also providing a push to the growth of the region.

Moreover, the availability of cheap and skilled workforce, improving infrastructure and technological capabilities, and favorable government initiatives are augmenting the market in Asia Pacific. Developing countries such as Indonesia, South Korea, and Singapore are sites of high growth in the region owing to the rising adoption of cloud technology. North America is estimated to progress at a noteworthy CAGR during the same span.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/factory-automation-platform-as-a-service-market

Global Factory Automation Platform as a Service Market: Competitive Landscape

The majority of the players in the global ransomware protection market are focusing on the development of new products to attain inorganic growth in the global factory automation platform as a service market. Partnerships and acquisitions are also among the commonly adopted strategies by prominent players to boost their offerings in the market. Some of the prominent players in the market are Schneider Electric SE, General Electric Company, Siemens AG, Rockwell Automation Inc., Honeywell International Inc., Microsoft, Hitachi Data Systems Corporation, and IBM.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,

3739 Balboa St # 1097,

San Francisco, CA 94121

United States

Tel: +1-415-520-1050

Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Region-wise Outlook of Factory Automation Platform as a Service Market by 2025 here

News-ID: 998608 • Views: 287

More Releases from TMR Research

Global Private LTE Market Analysis by Market Key Player, Product Application & G …
Global Private LTE Market: Overview The global private LTE market likely to registers significant growth during the course of forecast period from the period between 2018 till 2028. Moreover, this network provides the better alternatives of the public networks on account of high operational efficiency, low cost deployment and improved business application in terms of security. The private LTE market also provide more capacity and coverage and has facility to modify
Crude Sulfate Turpentine Market 2025 Harting S.A., Arizona Chemical Company LLC, …
Global Crude Sulfate Turpentine Market: Snapshot The global market for crude sulfate turpentine is growing at a robust pace and is likely to witness significant growth in the coming years. The increasing use of crude sulfate turpentine in diverse applications is expected to encourage the growth of the global market in the coming years. In addition, the rising demand for high-value products for personal care, especially in developing economies is likely
Wood Vinegar Market 2017 Analysis, Growth, Vendors, Shares, Drivers, Challenges …
Global Wood Vinegar Market: Snapshot Pyroligneous acid, commonly known as wood vinegar, is created from wood and plant materials, using a process known as destructive distillation. The core ingredients of wood vinegar include acetone, methanol, and acetic acid, and was historically used to produce acetic acid on large scales. Currently, the scope of use of wood vinegar stretches across a large number of application segments. One of the more common uses
Meat Processing Equipment Market 2025 | Key Technology Inc., JBT Corporation, Ma …
Global Meat Processing Equipment Market: Snapshot Changing food preferences, lifestyles, tastes, and habits of the global population have bolstered the growth of the market for meat processing equipment. Developing economies such as China and India have been exhibiting enormous demand for meat over the last few decades. Industrialization, growing urbanization, Western influence on the food habits of Eastern consumers, and the growing disposable incomes of people have offset the growth of

All 5 Releases


More Releases for Platform

MEDWISH Platform Information
The MEDWISH platform is dedicated to becoming the world's largest e-commerce platform and comprehensive service provider for hospitals worldwide. It greatly strengthens the ties between suppliers and buyers, and brings extraordinary services to both sides. Later MEDWISH versions will contain more functionalities including financing, technical, artificial intelligent, business operating, cultural and talent-recruiting services to our users. The powerful global medical network of MEDWISH will make it not only a marketplace
SOLAREUM Announces Unprecedented Platform
SOLAREUM Announces Their New Platform and Native SLRM Token Bitcoin Press Release: Solareum is pleased to announce their upcoming platform which will utilize blockchain technology and will provide cryptocurrency enthusiasts a marketplace where green energy consumption pays the user. Solareum the Amazon of Solar and Renewables. Welcome to the Solareum Marketplace, where you don’t pay for energy: energy pays you. 3rd April 2018. Lichtenstein: Solareum is pleased to announce their live website and
Trending travel platform
LetsGo2 App is the modern platform for travelers coming in & out of Los Angeles. Airport Shuttle: Premium shuttle service from LAX & most airports in the surrounding to all major cities across California. Our unique feature allow travelers to book their trip weeks ahead. Private tour: Explore Los Angeles with our various tour options. We start from your residence and bring you back home. Hollywood tour: Hollywood Sign, Walk
Healthcare BI Platform Market
Transparency Market Research estimates that global market for healthcare BI platform will exhibit an impressive CAGR of 11.7% over the period between 2015 and 2023, rising form a net worth of US$1.5 bn in 2014 to an opportunity of US$3.9 bn by 2023. North America Market to Lead the Way From a geographical standpoint, the market for healthcare BI platform in North America held the dominant 47.8% of the global market in
ScheduleOnce unveils redesigned platform
September 6, 2017 -- ScheduleOnce, a leading scheduling automation solution, today announced the launch of ‘The all-new ScheduleOnce - Release 8.0.’ This release introduces a complete revamp of the application. The platform was redesigned inside and out, to bring customers and users an improved experience. “ScheduleOnce 8.0 is our biggest release to date. It celebrates what we have become since 2006 and showcases what we are all about
Digital Commerce Platform Market
This report intends to provide a comprehensive strategic analysis of the global digital commerce platform market along with revenue and growth forecasts for the period from 2014 to 2024. With advancements in digital commerce platforms and rising demand for Internet based commerce in retail, the digital commerce platform market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide