The Global Process Automation Market is expected to grow from USD 87.98 billion in 2019, to USD 152.99 billion by 2028, growing at a CAGR of 6.4 % during the forecast period. Owing to the integration of the digital and physical aspects of manufacturing, the automation sector has been revolutionized to deliver optimum productivity. Furthermore, the focus on attaining zero-waste manufacturing and shorter manufacturing time, have augmented the process automation market growth during the forecast period.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Accenture
- IBM
- Cognizant
- Genpact
- Atos
- Infosys
- Tata Consultancy Services
- Capgemini
- Xerox Corporation
- Pegasystems
- Wipro
- EXL Service
- Thoughtonomy
- CGI Group
- UiPath
- HCL Technologies
- Happiest Minds
- Symphony Ventures
- Avasant
- Avanade
- Virtual Operations
- Sutherland Global Services
- KPMG
- Tech Mahindra
- Blue Prism
- Syntel
Many industries are using legacy equipment that cannot be linked to IP networks, which significantly restricts the implementation of IoT solutions. On the other hand, the country’s networks do not provide the low latency required for successful functioning of these systems. In addition, DCS, PLC, SCADA and MES operations are complex, requiring a highly skilled workforce. Furthermore, the initial investment related to moving from an assembly line through an automated production line is projected to be high. In addition, the cost of training employees is also added by using the latest advanced technology, which may not be affordable to some small and medium-sized end users.
The North American region is expected to dominate the process automation market during the forecast period. The US manufacturing industry is the second largest in the world with a manufacturing value added (MVA) of nearly USD 2 trillion, representing nearly 16 percent of worldwide MVA and 12 percent of the country’s GDP. The US is known for its entrepreneurial capabilities and is at the forefront of prominent advances in the emerging Fourth Industrial Revolution systems. According to WTO, the country’s share of global production value has decreased over centuries, from 29% in the mid-1980s to 18.6% in 2017, with poorer output growth compared to China, South Korea, Germany, and Mexico. The nation is therefore likely to switch to process automation and smart manufacturing techniques to improve its production capabilities. The establishment of the ‘ Advanced Manufacturing Partnership (AMP) ‘ is an effort undertaken to help the automotive industry, universities, and federal government invests in emerging technologies. This has significantly helped the state gain a competitive edge in the global economy. The National Network for Manufacturing Innovation (NNMI), which consists of developing national hubs, is expected to be participating in the development and adoption of state-of-the-art manufacturing technologies to be applied in the manufacturing sector for developing innovative products.
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Market Segmentation:
By Communication Protocol:
- Wired Protocol
- Wireless Protocol
By Technology:
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Machine Execution System (MES)
- Product Lifecycle Management
- Enterprise Resource Planning(ERP)
- Human Machine Interface(HMI)
- Others
By Offering:
- Hardware
- Software
- Services
By End User:
- Chemical Manufacturing
- Petrochemical
- Paper & Pulp
- Water & Wastewater Treatment
- Energy & Utilities
- Oil & Gas
- Pharmaceutical
- Food & Beverages
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Communication Protocol
- By Technology
- By Offering
- By End User Industry
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Communication Protocol
- By Technology
- By Offering
- By End User Industry
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Communication Protocol
- By Technology
- By Offering
- By End User Industry
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Communication Protocol
- By Technology
- By Offering
- By End User Industry
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Communication Protocol
- By Technology
- By Offering
- By End User Industry
- Rest of the World
- By Region (South America, Africa)
- By Communication Protocol
- By Technology
- By Offering
- By End User Industry
- By End User Industry
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