PUBLISHER: The Business Research Company | PRODUCT CODE: 1465921
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465921
A system integrator specializing in industrial automation is a company or entity dedicated to designing, implementing, and managing comprehensive automation solutions tailored for manufacturing plants and industrial processes. These integrators collaborate with manufacturers and industrial facilities to improve production processes, enhance efficiency, and optimize operational performance through the use of automation technologies.
The primary types of system integrators for industrial automation include hardware, software, and service. Hardware encompasses the physical components of a computer system or device, such as processors, memory, and storage devices. These components can be deployed in various configurations, including on-premise, cloud-based, and hybrid setups, and find wide application across industries such as automobiles, logistics, general industrial, and others. These system integrators cater to a diverse range of industries, including oil and gas, chemical and petrochemical, food and beverage, energy and power, pharmaceuticals, pulp and paper, aerospace and defense, electrical and electronics, mining and metal, among others.
The system integrator for industrial automation market research report is one of a series of new reports from The Business Research Company that provides system integrator for industrial automation market statistics, including system integrator for industrial automation industry global market size, regional shares, competitors with a system integrator for industrial automation market share, detailed system integrator for industrial automation market segments, market trends and opportunities, and any further data you may need to thrive in the system integrator for industrial automation industry. This system integrator for industrial automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The system integrator for industrial automation market size has grown strongly in recent years. It will grow from $39.29 billion in 2023 to $41.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The historical growth can be attributed to several factors, including the adoption of Industry 4.0 technologies, which aim to enhance efficiency and productivity in industrial processes. Additionally, there has been a focus on customization and scalability of automation solutions, leading to increased adoption. Furthermore, the implementation of these technologies has resulted in cost savings for manufacturing plants and industrial facilities.
The system integrator for industrial automation market size is expected to see steady growth in the next few years. It will grow to $50.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The projected growth during the forecast period is driven by several factors, including remote monitoring and control, data analytics and insights, cybersecurity concerns, sustainability initiatives, globalization, and market expansion. Key trends expected to shape the industry during this period include advanced robotics and automation, accelerated digital transformation, AI-driven automation, the expansion of industry 4.0 concepts, and the implementation of digital thread strategies.
The anticipated rise in the utilization of cloud computing is poised to drive the expansion of the system integrator for industrial automation market. Cloud computing involves the delivery of computing services via the internet and is increasingly favored for its scalability, cost-effectiveness, and flexibility. Within the industrial automation sector, the adoption of cloud computing enables system integrators to offer adaptable, remotely accessible solutions that facilitate seamless integration, data management, and real-time analytics across diverse industrial processes. For example, Eurostat, the statistical office of the European Union, noted a 4.2% increase in the adoption of cloud-based solutions in the EU compared to 2021. Notably, in 2023, 77.6% of large enterprises in the EU purchased cloud computing services, reflecting a 6% uptick from 2021. Similarly, cloud computing service adoption among medium-sized and small businesses saw increases of 6% and 3.8%, respectively. Hence, the rising adoption of cloud computing is fueling the growth of the system integrator for industrial automation market.
Key players in the system integrator for industrial automation market are intensifying their efforts to develop cutting-edge solutions such as the RCS product line to gain a competitive advantage. The RCS product line, introduced by Renishaw, a UK-based engineering firm in May 2023, includes the RCS L-90, RCS T-90, and RCS P-series. These solutions aim to streamline the commissioning and servicing of industrial automation technologies by addressing challenges associated with manual setup, calibration, and maintenance of robots. Renishaw's products, complemented by its robotics and RCS software suite, leverage the company's expertise and technologies in industrial metrology applications.
In January 2023, Barcoding, Inc., a US-based company specializing in supply chain automation and innovation, acquired FRED Automation Inc. The acquisition was aimed at enhancing Barcoding's supply chain efficiency, accuracy, and connectivity by integrating automated guided vehicles (AGVs) into manufacturing and warehouse facilities. FRED Automation Inc., a US-based automation company, offers system integrator services for industrial automation.
Major companies operating in the system integrator for industrial automation market are Siemens AG, General Electric Company, Asea Brown Boveri Ltd., Cameron International Corporation, Rockwell Automation Inc., Automation Tooling Systems Inc., Wood Group Mustang Inc., Burrow Global LLC, Wunderlich Malec Engineering Inc., Barry-Wehmiller Design Group, Avanceon Limited, JR Automation Technologies LLC, Optimation Technology Inc., Intech process Automation Inc., Prime Controls L.P., Maverick Technologies LLC, Mangan Inc., Tesco Controls Inc., CEC Controls, Champion Technology Services Inc., Hallam-ICS Inc., mCloud Technologies, Matrix Technologies
North America was the largest region in the system integrator for industrial automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the system integrator for industrial automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the system integrator for industrial automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The system integrator for industrial automation market consists of revenues earned by entities by providing services such as consulting and needs assessment, system design and architecture, installation and commissioning, and cybersecurity implementation. The market value includes the value of related goods sold by the service provider or included within the service offering. The system integrator for industrial automation market also includes sales of human-machine interfaces (HMIs), sensors and actuators, industrial PCs, and embedded systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
System Integrator For Industrial Automation Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on system integrator for industrial automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for system integrator for industrial automation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The system integrator for industrial automation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.