The system integrator for industrial automation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
System Integrator For Industrial Automation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The system integrator for industrial automation market size has grown strongly in recent years. It will grow from $39.29 billion in 2023 to $41.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industry 4.0 adoption, efficiency and productivity improvement, customization and scalability, cost savings.
The system integrator for industrial automation market size is expected to see steady growth in the next few years. It will grow to $50.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to remote monitoring and control, data analytics and insights, cybersecurity concerns, sustainability initiatives, globalization and market expansion. Major trends in the forecast period include advanced robotics and automation, digital transformation acceleration, AI-driven automation, expansion of industry 4.0 concepts, digital thread implementation.
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Scope Of System Integrator For Industrial Automation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
System Integrator For Industrial Automation Market Overview
Market Drivers –
The increasing adoption of cloud computing is expected to propel the growth of system integrator for industrial automation market. Cloud computing refers to computing services that are delivered over the internet. The adoption of cloud computing is increasing due to its ability to offer scalable, cost-effective, and flexible computing resources. Cloud computing enables system integrators in the industrial automation sector to provide scalable, flexible, and remotely accessible solutions that facilitate seamless integration, data management, and real-time analytics across diverse industrial processes. For instance, according to, Eurostat, a Luxembourg-based statistical office of the European Union, reported that the adoption of cloud-based solutions in the European Union increased by 4.2% compared to 2021. The share of enterprises buying cloud computing services was exceptionally high among large enterprises, with 77.6% purchasing such services in 2023, an increase of 6% compared with 2021. Further, in 2023, 59% of medium-sized enterprises purchased cloud computing services, compared to 53% in 2021. During the same period, there was a 3.8% increase in the adoption of cloud computing services among small businesses. Therefore, the increasing adoption of cloud computing is driving the growth of system integrator for industrial automation market.
Market Trends –
Major companies operating in the system integrator for the industrial automation market are increasing their focus on developing advanced solutions, such as the RCS product line for industrial automation, to gain a competitive edge in the market. The RCS product line is designed to simplify various aspects of robot set-up, health checks, and recovery following collisions. For instance, in May 2023, Renishaw, a UK-based engineering company, launched the RCS product line. The product line, includes the RCS L-90, RCS T-90, and RCS P-series, aims to transform the process of commissioning and servicing industrial automation technologies by addressing challenges associated with manual set-up, calibration, and maintenance of robots, focusing on operational accuracy and repeatability. These products work with Renishaw’s robotics and RCS software suite and leverage the company’s expertise and technologies in industrial metrology applications.
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
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Regional Insights –
North America was the largest region in the system integrator for industrial automation market in 2023. 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. System Integrator For Industrial Automation Market Report Structure
3. System Integrator For Industrial Automation Market Trends And Strategies
4. System Integrator For Industrial Automation Market – Macro Economic Scenario
5. System Integrator For Industrial Automation Market Size And Growth
…..
27. System Integrator For Industrial Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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