System Integration Services Market For Industrial Automation in India Size to Grow by $ 420.53 Million through 2021-2025
Technavio research projects the system integration services market for industrial Automation in India to grow by $ 420.53 million, accelerating at a CAGR of 17.35% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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System Integration Services Market For Industrial Automation in India : Key Market Driver
One of the primary factors that will trigger the growth of the system integration services market for industrial Automation in India size is increasing plant complexities. the growing penetration of technologies and increasing use of IoT and smart sensors, modern industrial plants and manufacturing facilities are becoming increasingly complex. The interconnection between production equipment, inventory, and support systems in various plants creates a complex process environment. Asset-heavy industries such as oil and gas require suitable tools and mechanisms to handle complex production processes. System integrators are sourcing effective automation software and systems from OEMs, based on the end-user requirement and ensure seamless integration of new automation solutions and systems in the manufacturing process.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
System Integration Services Market For Industrial Automation in India : Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Access Automation Pvt. Ltd., ACS INDIA, Adage Automation Pvt. Ltd., Analogic Automation Pvt. Ltd., BASE Automation Technologies Pvt. Ltd., Captronic Systems Pvt. Ltd., John Wood Group Plc, M/s Axcend Automation and Software Solutions Pvt. Ltd., Servilink System Ltd., and SOLPRO Automation Pvt. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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