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Industry highlights

Industrial automation services refer to the methods used to control the industrial process automatically through electronically controlled systems.

Technological giants such as Siemens AG (Germany), Honeywell International Inc. (USA), General Electric Company (USA), Mitsubishi Electric (Japan) and others.

Siemens AG is one of the main players in the industrial automation services market. It offers automation services to several industrial verticals such as construction, energy and energy, health and other technologies. In addition, it offers services such as maintenance of the automation system, industrial communication, industrial software, power supplies and process automation.

The main factors that drive the market for industrial automation services include the demand for operational efficiency, fast-growing SMEs, emerging technology such as Internet of Things (IoT) and cloud-based automation, growing demand for smart factories, mass customization, synchronization of the supply chain, system integration Advances in M2M communication technology. However, factors such as the lack of trained professions and the high costs of installation and maintenance slow down the growth of the market.

The global industrial automation services market is segmented according to the service, the solution and the end user. The services segment is also classified as professional services, consulting, technical training, systems integration services and others. However, the consulting services segment is expected to have the majority of the market. It raises the design hypothesis and broadly defines the requirements for plant automation. It is compatible with all the phases of the projects, from the beginning and the appointment to the continuous maintenance. Take advantage of current assets to increase production, improve quality, ensure safety and comply with regulations. Professional service companies have a solution of experience and knowledge of tools and processes that make users work in a fluid and high performance. These companies have a lot of experience and project a detailed approach while offering services to small and medium enterprises. They provide a complete risk management solution and have knowledge of cutting-edge security functions and implement them in different business environments. It is also essential for the successful implementation of automation software.

The North America region has the largest share of the global market share followed by the Europe and Asia Pacific regions. I know. UU And Canada is dominating the North American market due to the increasing technological improvements and the established automation industry.

The Asia Pacific region is expected to grow at the highest CAGR. Japan, South Korea, India and China are the main contributors of revenue to the industrial automation services market, especially for manufacturing activities.

The global market for industrial automation services is expected to grow to a CAGR of approximately 10% during the forecast period 2017-2023.

The global industrial automation services market is segmented according to the solution, the service and the end user. The end user segment is classified into automation and transportation, metals and mining, oil and gas, energy and energy systems, chemicals, materials and food. Demand for the product is increasing from the environment and construction technologies, heavy industries and other segments. Energy and energy systems are one of the main factors that drive the demand of the industrial automation industry around the world.

Some of the main players in the global market of industrial automation services are: Siemens AG (German), Honeywell International Inc. (USA) General Electric Company (USA), Mitsubishi Electric (Japan), Rockwell Automation (USA), Johnson Controls Inc. (United States), Samsung Electronics Co., Ltd. (South Korea), Schneider Electric (France), Yokogawa Electric Corporation (Japan), OMRON Corporation (Japan), Danaher Corporation (United States), among others.

It is estimated that North America accounts for most of the market, while the Asia Pacific market is projected to grow at the fastest rate during the forecast period. The North American market is experiencing rapid growth due to technological advances and the growing demand for mobile application development platforms in different verticals of the industry in this region. The United States has most of the market share both in terms of revenue and in the adoption of mobile appli

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