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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