The global Industrial Automation Market Share was valued is expected to reach USD 395.09 billion by 2029, exhibiting a CAGR of 9.8% over the forecast period. Fortune Business Insights™ provides this information in its latest research report, titled “Industrial Automation Market Forecast, 2024-2030”.
World digitisation has revolutionised the way people communicate and receive information. Our Industrial Automation Market intelligence has insights on products and solutions like blockchain technology, artificial intelligence, and edge computing that are enabling businesses and consumers to improve their reach and engagement. The explosion of e-commerce and the use of smart assistants may be driven by Covid-19’s effect on everyday living but 5G and edge computing are here to stay.
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Discover the Leading Players Featured in the Report:
“Companies leading the global Industrial Automation Market are ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Omron Corporation (Japan), Rockwell Automation Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan)
Rising Usage of Public and Hybrid Cloud Solutions by Organizations to Accelerate Industrial Automation Market Growth
Organizations across the world are increasing their inclination toward public and hybrid cloud solutions as they are known to increase a system’s reliability and adapt to the new realities created by the recent COVID-19 outbreak. Many large-scale companies are also encouraging the deployment of cloud solutions as they can ensure their growth in the market. These factors are expected to drive the Industrial Automation Market growth.
Geographical Growth Scenario:
The global Industrial Automation Market is segmented into North America, Asia Pacific, Europe, Rest of the World. North America is expected to account for the largest share of the global Industrial Automation Market in 2024, followed by Europe. The large share of North America can be attributed to the increasing research funding and government initiatives for promoting precision medicine in the US.
The growth in aviation and Industrial Automation Market is due to rising cyber-attacks in the aircraft industry. North America region is expected to hold the largest aviation and Industrial Automation Market share.
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Key Findings of Industrial Automation Market Study:
Machine learning to dominate the Industrial Automation Market in 2024
Diagnostics segment accounted for the largest share of the Industrial Automation Market, by end-user, in 2024
North America accounted for the largest share of the global Industrial Automation Market in 2024
Management of Industrial Automation Market deals with the creation of benefits for the past buying and provides incentives for future buying. The Rewards program provides the customer with strong value, better customer penetration, cross-sales, and industry. A Industrial Automation Market system comprises operational parameters that include; financing options, program design, and transaction types. It also incorporates different parameters of value such as redemption thresholds, reimbursement options, and earnings rates. Many organizations concentrate their activities on spending on Market programs.
Table of Contents
- Market definition and segmentation
- Industry trends and drivers
- Regulatory environment
Industrial Automation Market Size and Forecast:
- Historical market size and growth
- Current market size and trends
- Forecast for the future
- Key players in the market
- Market share analysis
- SWOT analysis of major competitors
- Target customer demographics
- Buying behavior and preferences
- Customer satisfaction and feedback
- Overview of products/services in the market
- Features and benefits
- Pricing strategies
Industrial Automation Market Trends:
- Emerging trends in the industry
- Technological advancements
- Shifts in consumer behavior
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