Fast Market Research announces the availability of the new TechNavio report, "Global Industrial Automation Services Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/18/2015 -- Industrial automation services begin with consulting services, which conceptualize the design and broadly define the requirements for the automation of plants. Once the design is ready, the installation of the system for automation begins. Finally, on successful implementation of automation into the plant with assets mobilization, access is transferred to users. Maintenance and support services are provided by the industrial automation service vendors to the end-users for smooth functioning of the process in their industries. Other services like operational services, optimization services, and logistics services are also offered under industrial automation services.
Technavio's analysts forecast the global industrial automation services market to grow at a CAGR of 11.13% during 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "The countries in APAC, such as China, Japan, and India, have been driving the demand for industrial automation services, particularly for manufacturing activities. Also, many countries from the Americas are outsourcing manufacturing activities to APAC, especially India and Japan. These countries have favorable business conditions such as low-cost labor as well as supporting government policies and FDI for manufacturing. Many car manufacturers have set up their plants in India and Japan to streamline their processes. Manufacturers are increasingly using automation systems in their assembling units to enhance their plant operation and conform to international standards."
Get More Details on this Report and a Full Table of Contents at Global Industrial Automation Services Market 2015-2019
According to the report, the rapid growth of SMEs worldwide, especially in developing countries such as India and China, is accelerating the pace of adoption of automation solutions. To gain a competitive edge, SMEs are introducing radical changes in their organizations by upgrading their existing technologies. This has created huge demand for IT infrastructure and application integration among SMEs. Various types of automation services available for SMEs include consulting, technical training, and system integration services. These services help them align their operational capabilities with evolving business dynamics. SMEs are looking to integrate their systems with trade partners and suppliers to adapt to the growing trends of online trade.
Further, the report states that the high cost of automation has made organizations reluctant to adopt automation technologies.
The key players in the Global Industrial Automation Services Market are ABB, Honeywell, Rockwell Automation and Siemens while other prominent vendors include Applied Materials, Apriso, Aspen, Control Systems, Emerson Electric, Eyelite, GE, Metso, Miracom, Mitsubishi, Omron, SAP, Schneider Electric, Toshiba, Werum, and Yokogawa
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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