The demand within the global market for industrial automation has been rising on account of advancements in the field of manufacturing and testing. Industrial automation is a wide area of technological relevance that can help in fast-tracking the growth of several industrial units and segments. Machine learning, internet of things (IoT), and artificial intelligence are some of the key areas that have helped in accelerating the growth of the industrial automation market. The need for agility and seamless execution within the industrial sector has led to the adoption of several new technologies in this area.
Furthermore, industries can thrive with the presence of a wide network for management of internal and external functionalities. This factor necessitates the presence of industrial automation technologies that can accelerate market growth. Industrial automation facilitates the growth of several domains across industries viz. sales, manufacturing, value-chain, and labour management. Hence, the value of industrial automation cannot be undermined in the current scenario. The global industrial automation is projected to reek of unhindered growth in the years to follow.
This report preview by Transparency Market Research (TMR) on the global industrial automation market gives a core idea about the trends and opportunities pertaining to market growth. The market for industrial automation endows a plethora of opportunities for growth and development. The segments within the global industrial automation market have been enunciated in the report.
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- SCADA System to Gather Immense Popularity
On the basis of automation type, the global market for industrial automation has been segmented into programmable logic control systems (PLC), manufacturing execution systems (MES), distributed control system (DCS), machine vision systems, human machine interface (HMI), product lifecycle management (PLM), supervisory control and data acquisition (SCADA), plan asset management, electronic control units, and computer numeric control routers (CNC). Amongst these, the demand for SCADA systems is expected to increase at a robust rate due to the need to maintain the integrity of data and information.
- European Market to Expand at a Stellar Pace
On the basis of geography, the market for industrial automation has been segmented into Latin America, the Middle East and Africa (MEA), Europe, Asia Pacific (APAC), and North America. The market for industrial automation in Europe has been expanding at a boisterous pace over the past decade. This owes to the widespread deployment of industrial automation in the automobile industry across the region. Furthermore, countries such as Germany and France are well-known for their expertise in the domain of automobile manufacturing.