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System Integrator Market Demand, Growth Analysis, Key Findings and Forecast 2022

The overall system integrator market for industrial automation is expected to grow from USD 44.00 billion in 2017 to USD 56.05 billion by 2022 at a CAGR of 5.0%.”

Pankajpatil20
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System Integrator Market Demand, Growth Analysis, Key Findings and Forecast 2022

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  1. System Integrator Market Demand, Growth Analysis, Key Findings and Forecast 2022 “The overall system integrator market for industrial automation is expected to grow from USD 44.00 billion in 2017 to USD 56.05 billion by 2022 at a CAGR of 5.0%.” The overall System Integrator Market for industrial automation is expected to grow from USD 44.00 billion in 2017 to USD 56.05 billion by 2022 at a CAGR of 5.0%. The major factors driving the growth of the system integrator market for industrial automation include the growing usage of Internet of Thing (IoT) in industries, rising safety and security concerns, demand for low-cost energy-efficient production processes by manufacturing plants, and need for automating complex processes. The system integrator market has been segmented, on the basis of services, into consulting, hardware integration service, and software integration service. The software integration services are expected to hold the largest share of the system integrator market during the forecast period owing to the wide acceptance of software applications and their integration services for industrial automation. The PLC, PAC, and RTU technology held the largest share of the system integrator market in 2016. The growth of this market can be attributed to the huge demand for controlling the manufacturing plant machinery. This technology collects data from various sources in plants and sends it to the SCADA or DCS for analysis at remote locations. The market for the automotive industry is expected to grow at the highest rate between 2017 and 2022 owing to the increasing inventory management, performance analysis, design process, and supply chain management in these industries. The growth in the automotive industry owing to the increasing global demand for vehicles is encouraging companies to increase their production rates, thereby leading to the increasing adoption of automation in the industry. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=223504983

  2. The Americas held the largest share of the overall system integrator market for industrial automation in 2017 owing to the widespread penetration of process industries in this region. This has increased the need for the implementation of automation solutions in these industries. Software integration service expected to hold the largest market size by 2022 Software integration service held the largest share of the system integrator market for industrial automation in 2016. This can be attributed to the wide acceptance of automation software including SCADA, DCS, MES, and PLM in industries as part of monitor and control solutions. Market for PLC, PAC, & RTU technology to grow at the highest rate during the forecast period The system integrator market for PLC, PAC, and RTU technology is likely to grow at the highest rate during the forecast period. PLC, PAC, and RTU technology controls the work-in-process, collects data from various sources in plants and sends it to SCADA or DCS for analysis, the growth of these segment is attributed to the increasing adoption of control systems in the industry at remote locations. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=223504983 The Americas likely to hold the largest share of the system integrator market for industrial automation during the forecast period The Americas is expected to hold the largest share of the system integrator market for industrial automation during the forecast period owing to the presence of major companies, such as ABB (Switzerland), Siemens (Germany), Rockwell (US), General Electric (US), and Cameron (US) providing industrial automation solutions to the customers through system integrators. The Americas has a higher penetration of process industries, such as oil and gas, mining, pulp and paper, chemical, and petrochemical. The processes in these industries are very complex and large. Therefore the implementation of automation solutions is necessary for these companies. The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this market are Wood Group Mustang (US), Prime Controls LP. (US), ATS Automation (Canada), Maverick Technologies (US), Wunderlich – Malec Engineering (US), Mangan Inc. (US), Avanceon (US), Dynamysk Automation Ltd. (Canada), Tesco Controls Inc. (US), Stadler+Schaaf Mess–Und Regeltechnik GmbH (Germany), INTECH Process Automation (US), Design Group (US), CEC Controls Co. Inc. (US), Burrow Global LLC (US), and Matrix Technologies (US).

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