Global System Integrator Market for Industrial Automation to 2027 - Increasing Safety and Security Concerns Stimulating Demand for Automation Systems - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2022--
The “Global System Integrator Market for Industrial Automation by Service Outlook, Technology (HMI, SCADA, MES, IIoT, PAM, DCS, PLC, Machine Vision, Industrial Robotics, Industrial PC), Industry and Region (North America, Europe, APAC, RoW) - forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global system integrator market for industrial automation size is valued at USD 27.0 billion in 2022 and is anticipated to be USD 35.5 billion by 2027; growing at a CAGR of 5.6% from 2022 to 2027.
Strategic initiatives by governments of emerging countries in Middle East & Africa to drive industrial automation
Governments of countries in the Middle East & Africa are taking various initiatives to support the development of industries for ensuring the holistic development of their respective countries.
These governments are focusing on the development of process industries. For instance, initiatives such as Dubai Industrial Strategy 2030, National Industrial Development and Logistics Program, along with various other upcoming non-oil projects are expected to boost the industrial automation market in the Middle East.
The Vision 2021 National Agenda of the UAE government also supports the development of the manufacturing sector by focusing on creating national policies that promote sustainable growth for the assembly technology.
Thus, such measures undertaken by governments of different countries are promoting the adoption of various industrial automation processes and are expected to drive the market for system integration for industrial automation during the forecast period.
Lack of skilled professionals
A major problem in industrial automation is the amount of time it takes to acquire adequate engineering skills to address the variety of disciplines involved in a project. Most qualified engineers are employed at the systems integration level and only a few at the engineering, procurement, and construction (EPC) levels, and practically none at the front-end engineering design (FEED) level.
There is a continuous need for skilled professionals who can effectively operate system integration equipment. The proper usage of equipment requires personnel with expertise, relevant experience, and knowledge. The selection of the right operational techniques specific to a given task is critical.
Development of machine learning and big data analytics
The advent of machine learning, coupled with efficient big data analytics and parallel processing framework, is transforming the virtual monitoring market.
Big data analytics has accelerated the process of analysis of the data generated by condition monitoring systems due to the capability of processing large volumes of data.
Machine learning offers attractive features such as easier benchmarking of machine performance, better transparency in data, and efficient collaboration of various processes of condition monitoring systems. Big data-enabled condition monitoring helps companies in lowering the overall cost of ownership for assets and running their businesses more efficiently.
- Increasing Safety and Security Concerns Stimulating Demand for Automation Systems
- Rising Demand for Low-Cost, Energy-Efficient Production Processes
- Expanding Adoption of Internet of Things (Iot) and Cloud Computing in Industrial Automation
- Growing Instances of System Integrators Offering Bundled Products
- Strategic Initiatives by Governments of Emerging Countries in Middle East & Africa
- High Investment Required for Implementing and Maintaining Automation
- Lack of Skilled Professionals
- Opportunities Offered by Industry 4.0 and Digitization
- Development of Machine Learning and Big Data Analytics
- System Interoperability
- Security Vulnerability in Scada Systems
- Absence of Standardization in Industrial Communication Protocols and Interfaces
- Ats Automation
- Avanceon Limited
- Avid Solutions
- Barry-Wehmiller Design Group
- Brock Solutions
- Burrow Global, LLC
- Control Associates, Inc.
- Dennis Group
- Dynamysk Automation Ltd.
- E Tech Group Inc.
- Fori Automation, Inc.
- Intech Process Automation Inc.
- John Wood Group plc
- Jr Automation
- Mangan Inc.
- Matrix Technologies, Inc.
- Maverick Technologies (A Rockwell Automation Company)
- Optimation Technology, Inc.
- Premier System Integrators, Inc.
- Prime Controls, Lp
- Quantum Design Inc.
- Sage Automation
- Tesco Controls, Inc.
- The Rovisys Company
- W-Industries, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/qzjxb7
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INDUSTRY KEYWORD: TECHNOLOGY OTHER MANUFACTURING OTHER TECHNOLOGY MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/19/2022 04:58 AM/DISC: 12/19/2022 04:58 AM