According to the latest report by IMARC Group, titled “Industrial Automation Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global industrial automation services market size reached a value of US$ 181.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 309.1 Billion by 2027, exhibiting at a CAGR of 9.09% during 2022-2027. Industrial automation services include the usage of control systems, such as computers or robots, and advanced technologies for handling different processes and machinery across several industries in an attempt to replace human workers. These services are needed to ensure labor productivity, reduce labor costs, minimize routine manual tasks, and improve the overall product quality.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Market Trends:
The global market is majorly driven by the advent of 5G wireless technology across the globe. This, along with the increasing adoption of industry 4.0, is significantly contributing to the market growth. Furthermore, the rapid expansion of Augmented Reality (AR), Digital Twin, and Industrial IoT are positively influencing the market growth. Apart from this, the increasing demand to streamline numerous business processes is also driving the demand for industrial automation services across the globe. Moreover, rapid advancements in technology have led to the introduction of advanced robots for automation purposes, thus catalyzing the market growth. Besides this, extensive research & development (R&D) activities and rapid industrialization are further contributing to the market growth.
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Global Industrial Automation Services Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
Siemens AG, Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., Schneider Electric, Yokogawa Electric Corporation, OMRON Corporation, Danaher Corporation, etc.
Breakup by Type of Service:
- Project Engineering and Installation
- Maintenance and Support Services
- Consulting Services
- Operational Services
Breakup by Product Type:
- DCS
- SCADA
- PLC
- MES
- Others
Breakup by End User:
- Discrete Industries
- Process Industries
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance 2016-2021
- Market Outlook 2022-2027
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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