According to a new market study entitled “Process Automation Market to 2027 – Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, “explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments.
Process automation aids in the integration and orchestration of tools, processes, and people through a set of workflow. It uses a network for the interconnection of controllers, sensors, actuators, terminals, and operator. Process automation provides faster response to the concerns of the mission-critical systems, helps in the reduction of human errors, and allocates resources more effectively.
The increasing need for reduction of operational cost in the process industries has widely driven the market growth. Complexities in integration with the legacy systems and data security concerns are some of the factors that impede the growth of the process automation market.
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The report enables you to-
• Formulate significant competitor information, analysis, and insights to improve R&D strategies
• Identify emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage
• Identify and understand important and diverse types of Process Automation under development
• Develop market entry and market expansion strategies
• Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline
• In-depth analysis of the product’s current stage of development, territory and estimated launch date
The “Global Process Automation Market Analysis to 2025” is a specialized and in-depth study of the process automation industry with a focus on the global process automation market trend. The report aims to provide an overview of the global process automation market with detailed market segmentation by technology, industry vertical, and geography.
Leading Key Players:
• Honeywell International, Inc.
• ABB Ltd.
• Rockwell Automation, Inc.
• Mitsubishi Corporation
• Schneider Electric SE
• Emerson Electric Co.
• Eaton Corporation
• Dassault Systems
• Yokogawa Electric Corporation
• Siemens Corporation
The report provides a detailed overview of the process automation industry including both qualitative and quantitative information. It provides overview and forecast of the global process automation market based on technology and industry vertical. It also provides process automation market size and forecast till 2025 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM).
The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 14 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting process automation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis.
Also, key market players influencing the process automation market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
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• This report provides a detailed study of market trends and forecast from 2018 to 2025, which assist to identify the prevailing market opportunities.
• In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
• This study further includes market share analysis in terms of type and applications.
• Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
• Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
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This post was originally published on Space Market Research