The IMARC Group’s latest research report, titled “Industrial Automation Services Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the industrial automation services market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global industrial automation services market size reached USD 216.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 434.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032.
Industrial Automation Services Market Trends:
The global market is primarily driven by the increasing demand for enhanced productivity and efficiency that is prompting industries to adopt automation services. The rise of Industry 4.0 and smart factories is accelerating the integration of advanced automation technologies. Moreover, the need to minimize operational costs and reduce human error is further encouraging automation adoption across sectors. The growing emphasis on safety standards and compliance also drives the demand for automation services, ensuring streamlined operations.
Additionally, advancements in artificial intelligence, machine learning, and robotics are enhancing automation capabilities, making them more versatile. Furthermore, the rapid industrialization in emerging economies is creating significant opportunities for market expansion. Besides, the increasing focus on energy efficiency and sustainability is pushing industries to embrace automation solutions that optimize energy consumption.
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Industrial Automation Services Market Scope & Growth Analysis:
The scope of the market is broadening as automation services are witnessing growing demand across industries, from manufacturing to healthcare, contributing to market growth. Additionally, the shift towards cloud-based automation solutions is expanding the market's reach, as industries seek scalable and flexible options for their operations. As per the market analysis, digital transformation, and the proliferation of Internet of Things (IoT) are significantly broadening the market scope.
Besides, the adoption of predictive maintenance and real-time monitoring solutions is expected to drive further demand for automation services. Moreover, industries are focusing on minimizing downtime and increasing asset lifespan, further propelling the use of automation technologies. The increasing complexity of supply chains and the need for faster decision-making processes are also key factors broadening the market’s potential. Furthermore, the growing investment in research and development for innovative automation solutions is expected to sustain market growth over the long term.
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
Key Market Segmentation:
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
According to the report, DCS accounted for the largest industrial automation market share.
Breakup by End User:
- Discrete Industries
- Process Industries
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, 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 (2018-2023)
- Market Outlook (2024-2032)
- Historical, Current and Future Market Trends
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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- Strong Market Research Expertise
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- Comprehensive Analysis
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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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