The Industrial Automation Services Market is being driven by Growing need for main automation contractor
The Industrial Automation Services Market is expected to grow at a CAGR of 40.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 712.7 billion. In today's industrial landscape, the integration of Internet of Things (IoT) technology into automation services has become a priority for businesses seeking to enhance operational efficiency and reduce downtime. IoT-enabled devices, such as wireless acoustic transmitters and steam trap monitors, facilitate comprehensive plant monitoring, enabling operators to collect and analyze data on machine and system performance. By comparing efficiency levels and identifying operational anomalies, predictive maintenance strategies can be implemented, allowing for timely repairs and minimizing unplanned machine failures. This data-driven approach not only reduces overall downtime but also increases productivity, making predictive maintenance a valuable investment for industrial organizations.
Get more information on Industrial Automation Services Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
238 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 40.9% |
|
Market growth 2025-2029 |
USD 712.7 billion |
|
Market structure |
market_structure.ucfirst |
|
YoY growth 2024-2025(%) |
29.3 |
|
Key countries |
US, China, Japan, India, South Korea, Canada, Germany, UK, France, and Italy |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Industrial Automation Services Market encompasses various advanced technologies such as Collaborative Robots (Cobots), Industrial Robots, Vision Guided Robotics, 3D Printing, and Additive Manufacturing. Additionally, it includes Human-Machine Interface (HMI), Real-Time Data Acquisition, Data Visualization, Data Logging, Predictive Analytics, and Machine Learning Algorithms. Edge Computing and Fog Computing are also integral parts of this market, along with Industrial Network Security, Cybersecurity Audits, Data Security, Digital Signature, Industrial Wireless Networks, Wireless Sensor Networks, Industrial Control Networks, Automation System Design, System Optimization, Process Improvement, Lean Manufacturing, Value Stream Mapping, Preventive Maintenance, Remote Asset Management, Remote Diagnostics, and Predictive Maintenance Strategies.
The industrial automation services market encompasses process automation, machine vision, remote monitoring, data analytics, and cloud integration solutions. This market is a segment of the larger global industrial machinery and supplies and components market, which comprises companies manufacturing machinery and components for industries such as presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, market expansion will be driven by the increasing industrial output in process and discrete industries, fueled by growing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing economies. This demand will necessitate capacity additions and subsequent automation to enhance productivity and efficiency.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
