About automation aftermarket services and outsourcing
Industrial automation refers to automating a plant’s facilities and machineries using control and monitoring products such as drives, actuators, PLC, SCADA, and DCS. In plants, automation helps reduce human intervention in repeated operations, increase process efficiency, and aid in effective monitoring and control. Industries such as automotive, oil and gas, power, chemical, and food and beverage are the major end-users of automation solutions to increase their productivity and efficiency. End-users either introduce automation solutions and get aftermarket support from a single source vendor or go for outsourcing for all their automation needs based on their requirements and budgetary allocations. The outsourcing activity involves all the operations from consulting services to spare parts management.
Technavio's analysts forecast the automation aftermarket services and outsourcing market in APAC to grow at a CAGR of 12.18% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the automation aftermarket services and outsourcing market in APAC for the period 2015-2019. To calculate the market size, the report considers revenue generated from the different service types. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market
Technavio Announces the Publication of its Research Report – Automation Aftermarket Services and Outsourcing Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Automation Aftermarket Services and Outsourcing Market in APAC: ABB, Honeywell, Rockwell Automation and Siemens
Other Prominent Vendors in the market are: Applied Material, Apriso, Aspen, Camstar, Control Systems, Emerson Electric, Eyelite, GE, Invensys, Metso, Miracom, Mitsubishi, Omron, SAP, Schneider, Toshiba, Werum Software, Wood Group Mustang, and Yokogawa.
Commenting on the report, an analyst from Technavio’s team said: “Analytics is becoming a popular tool in the decision-making process across various industries. Service providers have moved on to the analytics platform to develop their business and increase the value proposition to customers. Analytics and statistical models are increasingly utilized to make business decisions. A number of analytical software solutions are designed and tailored to assist companies to improve decision making, minimize errors, and identify errors and their cause.”
According to the report, the need for automated factories has increased worldwide. Process and discrete industries are looking at automation to improve plant efficiencies. Automation enables improved communication and precise coordination within factories and ensures flexibility in processes.
Further, the report states that Lack of technical expertise and skilled workforce to implement and operate automation products hinders the adoption of advanced automation systems.
ABB, Honeywell, Rockwell Automation, Siemens, Applied Material, Apriso, Aspen, Camstar, Control Systems, Emerson Electric, Eyelite, GE, Invensys, Metso, Miracom, Mitsubishi, Omron, SAP, Schneider, Toshiba, Werum Software, Wood Group Mustang, Yokogawa.
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