The Global Process Automation Market is expected to grow from USD 87.98 billion in 2019, to USD 152.99 billion by 2028, growing at a CAGR of 6.4 % during the forecast period. Owing to the integration of the digital and physical aspects of manufacturing, the automation sector has been revolutionized to deliver optimum productivity. Furthermore, the focus on attaining zero-waste manufacturing and shorter manufacturing time, have augmented the process automation market growth during the forecast period.
Process Automation Market
In the industrial sector, the Internet of Things (IoT) and Industry 4.0 dominate trends, with devices and machinery connected via the internet. In 2018, the number of IoT integrated devices grew from 15.41 billion in 2016 to 20.35 billion and are anticipated to achieve 67.11 billion by 2028, considering the enormous boost from technology providers ' investment through ongoing R&D. The need for control and supervision is anticipated to become more prominent to operate this rising number of linked devices and machine-to-machine links in the manufacturing industry; this can be ascribed to the rise in connected and controlled devices and systems.
Many industries are using legacy equipment that cannot be linked to IP networks, which significantly restricts the implementation of IoT solutions. On the other hand, the country's networks do not provide the low latency required for successful functioning of these systems. In addition, DCS, PLC, SCADA and MES operations are complex, requiring a highly skilled workforce. Furthermore, the initial investment related to moving from an assembly line through an automated production line is projected to be high. In addition, the cost of training employees is also added by using the latest advanced technology, which may not be affordable to some small and medium-sized end users.
The paper & pulp industry is the principal end user in the process automation market. The myriad processes in the paper and pulp industry require that the raw materials pass through a lot of processes with close monitoring of temperature and chemical content, and process automation enables the same to be achieved through process automation from one location. Over the preceding five years, paper and related products have seen an increase in demand and are anticipated to exhibit similar trends over the forecast period with rising demand from Asian, North American, and European regions. It is anticipated that all these regions will further fuel requirements for increased process acceptance in the paper and pulp industry. Process automation is also considered to be the preliminary level of automation, enabling data collection on a continuous and real-time basis, facilitating the industry to use these systems further for data visualization and predictive plant maintenance. The paper and pulp industry encompasses several steps to convert wood into paper. Activities such as wood preparing, bleaching, and chemical recovery require heavy raw material consumption, which can be better regulated as automation helps in optimal raw material conversion. Owing to the existence of bottlenecks in production, the industry is experiencing shortages. The key bottleneck is a typical manual operator, which permits only about 60 rolls per hour of production, which can be augmented via process automation and drive growth over the forecast period.
The North American region is expected to dominate the process automation market during the forecast period. The US manufacturing industry is the second largest in the world with a manufacturing value added (MVA) of nearly USD 2 trillion, representing nearly 16 percent of worldwide MVA and 12 percent of the country's GDP. The US is known for its entrepreneurial capabilities and is at the forefront of prominent advances in the emerging Fourth Industrial Revolution systems. According to WTO, the country's share of global production value has decreased over centuries, from 29% in the mid-1980s to 18.6% in 2017, with poorer output growth compared to China, South Korea, Germany, and Mexico. The nation is therefore likely to switch to process automation and smart manufacturing techniques to improve its production capabilities. The establishment of the ' Advanced Manufacturing Partnership (AMP) ' is an effort undertaken to help the automotive industry, universities, and federal government invests in emerging technologies. This has significantly helped the state gain a competitive edge in the global economy. The National Network for Manufacturing Innovation (NNMI), which consists of developing national hubs, is expected to be participating in the development and adoption of state-of-the-art manufacturing technologies to be applied in the manufacturing sector for developing innovative products.
Process Automation Market
Key Factors Impacting the Growth of Process Automation Market:
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Shortage of manpower in manufacturing process industries
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Development of IoT based systems all over the world
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Ease of production & shorter time required for production processes
Key Developments in the Process Automation Market:
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In June 2018, Dassault systèmes and centric software come together to accelerate digital transformation of fashion, retail and consumer goods companies. Dassault Systèmes to acquire majority stake in centric software’s PLM solutions to generate fast ROI for fashion brands to respond to on-trend, on-demand consumers.
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In 2018, Atos announced the acquistion of Syntel Inc., a Michigan based an integrated information technology and knowledge process service provider.
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In 2019, Capgemini announced the acquisition of Leidos Cyber, the commercial cybersecurity arm of the FORTUNE 500 company Leidos. Leidos Cyber is a commercial enterprise security leader with proven critical infrastructure capabilities. It provides to its enterprise clients a holistic platform that services their entire security architecture demands, including integrated offerings for security combined with managed security services. Leidos Cyber is renowned as a pioneer in the field of cybersecurity.
What Does This Report Provide?
This report provides a detailed understanding of the global process automation market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the process automation market.
Market Segmentation:
By Communication Protocol:
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Wired Protocol
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Wireless Protocol
By Technology:
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Supervisory Control and Data Acquisition (SCADA)
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Programmable Logic Controller (PLC)
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Distributed Control System (DCS)
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Machine Execution System (MES)
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Product Lifecycle Management
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Enterprise Resource Planning(ERP)
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Human Machine Interface(HMI)
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Others
By Offering:
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Hardware
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Software
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Services
By End User:
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Chemical Manufacturing
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Petrochemical
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Paper & Pulp
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Water & Wastewater Treatment
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Energy & Utilities
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Oil & Gas
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Pharmaceutical
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Food & Beverages
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Others
By Region:
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North America
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By Country (US, Canada, Mexico)
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By Communication Protocol
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By Technology
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By Offering
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By End User Industry
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Western Europe
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By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
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By Communication Protocol
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By Technology
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By Offering
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By End User Industry
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Eastern Europe
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By Country (Russia, Turkey, Rest of Eastern Europe)
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By Communication Protocol
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By Technology
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By Offering
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By End User Industry
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Asia Pacific
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By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
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By Communication Protocol
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By Technology
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By Offering
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By End User Industry
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Middle East
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By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
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By Communication Protocol
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By Technology
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By Offering
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By End User Industry
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Rest of the World
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By Region (South America, Africa)
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By Communication Protocol
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By Technology
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By Offering
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By End User Industry
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By End User Industry
Companies Covered: Major Companies profiled in the report which are key players in the global process automation market are Accenture, IBM, Cognizant, Genpact, Atos, Infosys, Tata Consultancy Services, Capgemini, Xerox Corporation, Pegasystems, Wipro, EXL Service, Thoughtonomy, CGI Group, UiPath, HCL Technologies, Happiest Minds, Symphony Ventures, Avasant, Avanade, Virtual Operations, Sutherland Global Services, KPMG, Tech Mahindra, Blue Prism, and Syntel.
Years Considered In The Study
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Historic Year |
2016, 2017 |
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Base Year |
2018 |
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Forecast Period |
2019-2028 |
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CAGR % (2019-2028) |
6.4 % |
Reasons to Buy This Report:
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Market size estimation of the global process automation market on regional and global basis.
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Unique research design for market size estimation and forecast.
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Profiling of major companies operating in process automation the market with key developments.
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Broad scope to cover all the possible segments helping every stakeholder in the market.
Customization:
We provide customization of the study to meet specific requirements:
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By Segment
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By Sub-segment
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By Region/Country
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