Pulished Date February, 2020
ID: 9221
Share on
Share on

Process Automation Market segmentation based on Component (Solution, Services), based on Business Function (Sales Process Automation, Supply Chain Automation, Claims Automation, Marketing Automation), based on Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), based on Deployment Type (On-premises, Cloud), based on Industry Vertical (Manufacturing, Retail & Consumer Goods, BFSI, Telecom & IT, Transport & Logistics, Energy & Utility, Media & Entertainment, Healthcare, Others) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025.

Pulished: February, 2020
ID: 9221
Pages: 175

Process Automation Market Overview:

The global process automation market was valued at USD 76.83 billion in 2020 and is predicted to reach around USD 114.17 billion by 2025, expanding at a CAGR of 7.3% over the forecast period 2020 - 2025.

The Internet of Things (IoT) and Industrial 4.0 are dominating trends within the industrial sector, with machinery and devices being connected via the web. The number of IoT connected devices rose to 20.4 billion in 2017 from 15.4 billion in 2015 and is predicted to succeed in 51.1 billion by 2023, given the massive push from the investment of the technology providers through continuous research and development. To work these increasing numbers of connected devices and machine-to-machine connections within the manufacturing industry, the necessity for control and supervision is predicted to become more prominent; this will be attributed to the rise of network-connected and controlled devices and systems.

The automation industry has been revolutionized by the mixture of the digital and physical aspects of producing, aimed toward delivering optimum performance. Further, the main target of achieving zero waste production and a shorter time to plug has augmented the expansion of the market. Process Automation has offered various benefits, like effortless monitoring, reduction of waste, and speed of production. This technology gives customers improved quality with standardization and dependable products within time, and at a lower cost.

Process Automation Market Recent Developments:

Mapping and site data firm HERE Technologies has entered into a strategic partnership with Mitsubishi Corporation of Japan. By the partnership, HERE plans to play a task in various strategic initiatives in Japan and other markets in the Asia Pacific. These include deploying HERE technology in projects to deal with customer needs in transportation and logistics and else industries, like making truck logistics and last-mile delivery more dynamic; optimizing delivery routes and capacity management for middle-mile logistics; supporting smart city initiatives with a stress on reduction of traffic congestion; and enabling better mobile navigation systems and location-based advertisements in airports and entertainment facilities.

Johnson Controls profit totaled $159 million, or $0.21 per share. This compares with $355 million, or $0.38 per share, in last year's values.

Excluding items, Johnson Controls Inc reported adjusted earnings of $306 million or $0.40 per share for the amount. Analysts had expected the corporate to earn $0.38 per share, consistent with figures compiled by Thomson Reuters. 

Drivers and Restraints of the Process Automation Market:

Drivers:

Industrial automation or factory automation are a number of the foremost prolific growth drivers of the global process automation market. The emerging requirement for reducing human interaction in various processes to chop down labor costs also as minimize errors has opened an area filled with opportunities for automated systems within the industrial sector.

The imminent need for achieving the most straightforward possible results concerning accuracy is additionally one among the expansion drivers for the global process automation market. Various automation equipment installed in multiple industries like pharmaceutical, electrical, manufacturing, and other sectors has achieved noticeable results that are far more precise than the human implied operations.

Restraints:

Process automation is estimated to scale back a big amount of jobs for the regional population. Process automation in areas with industrial-based employment will replace the man-force with automated equipment, which further will cause unemployment among the people. This leap could affect the regional inhabitants on a colossal scale.

Incorporating process automation within the manufacturing chain sometimes requires building high-level algorithms, and these algorithms are programmed to focus on a selected dataset. If there comes a knowledge gap within the agile development process or automation, it could lead to an ambiguous process or development.

Process Automation Market Segmentation:

By Component 

  • Solution 
  • Services 
    • Professional Services 
      • Advisory Services 
      • Implementation Services 
      • Support Services 
    • Managed Services 

The services segment is estimated to reach the dominant size of the worldwide process automation market in terms of revenues in the foreseen years. 

By Business Function 

  • Sales Process Automation 
  • Supply Chain Automation 
  • Claims Automation 
  • Marketing Automation 

Sales Process Automation is estimated to register a considerable growth rate in the next few years. Several factors that are expected to drive the market include the mixing of AI (AI) and Machin Learning (ML) technologies with digital process automation solutions, demand for IT resources consistent with business priorities, and improved IT systems to satisfy customers' changing requirements.

By Organization Size

  • Small and Medium-sized Enterprises (SMEs) 
  • Large enterprises 

Large enterprises account for the leading portion of the global process automation market as the expenses involved in the adoption of this technology are high. 

By Deployment Type 

  • On-premises 
  • Cloud 

With the increasing trend of IoT and Cloud Computing, the cloud deployment type is projected to account for an outstanding revenue share in the global process automation business, overtaking the on-premise deployments.

By Industry Vertical 

  • Manufacturing 
  • Retail & Consumer Goods 
  • BFSI 
  • Telecom & IT 
  • Transport & Logistics 
  • Energy & Utility 
  • Media & Entertainment 
  • Healthcare 
  • Others (government and travel & hospitality)

Industry verticals such as Banking, Financial Services, and Insurance (BFSI), and consumer goods and retail are expected to have significant growth possibilities in the future market growth.

Process automation market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada

North America is predicted to hold the greatest market size during the forecast period due to the presence of several process automation vendors in the region. This is also treated to be one of the most advanced regions in terms of technology adoption and IT infrastructure optimization.

  1. Europe
    1. Norway
    2. Germany
    3. Sweden
  2. Asia Pacific
    1. China
    2. India
    3. Japan

Asia Pacific is still the world’s stable growth market. With around 68,000 industrial robots sold, China alone surpassed the total market volume for Europe. Growth in China saw foreign-based robotic manufacturers profit with a 69% share of the total market. At the same time, local competitors have, by now, significantly expanded their market share to 31%. The APAC region is presumed to register the highest growth rate in this market in the next few years.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

With a great wave of start-ups emerging in the process automation market, some of the dominating key players are Mitsubishi Corporation, Robert Bosch GmBH, ABB Ltd, Eaton Corporation, Dassault Systems, Emerson Electric Co., Honeywell International, Inc., Johnson Controls, Inc., Rockwell Automation, Inc., and Schneider Electric SE.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferences                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Process Automation Market, By Component                

                              6.1.1 Solution    

                              6.1.2 Services    

                              6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.4 Y-o-Y Growth Rate Analysis              

                              6.1.5 Market Attractiveness Index           

               6.2 Process Automation Market, By Business Function                   

                              6.2.1 Sales Process Automation 

                              6.2.2 Supply Chain Automation  

                              6.2.3 Claims Automation              

                              6.2.4 Marketing Automation       

                              6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.6 Y-o-Y Growth Rate Analysis              

                              6.2.7 Market Attractiveness Index           

               6.3 Process Automation Market, By Organization Size                    

                              6.3.1 Small and Medium-sized Enterprises (SMEs)             

                              6.3.2 Large Enterprises  

                              6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.3.4 Y-o-Y Growth Rate Analysis              

                              6.3.5 Market Attractiveness Index           

               6.4 Process Automation Market, By Deployment Type                   

                              6.4.1 On-premises           

                              6.4.2 Cloud        

                              6.4.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.4.4 Y-o-Y Growth Rate Analysis              

                              6.4.5 Market Attractiveness Index           

               6.5 Process Automation Market, By Industry Vertical                      

                              6.5.1 Manufacturing       

                              6.5.2 Retail & Consumer Goods 

                              6.5.3 BFSI           

                              6.5.4 Telecom & IT         

                              6.5.5 Transport & Logistics          

                              6.5.6 Energy & Utility     

                              6.5.7 Media & Entertainment     

                              6.5.8 Healthcare              

                              6.5.9 Market Size Estimations & Forecasts (2019-2024)   

                              6.5.10 Y-o-Y Growth Rate Analysis           

                              6.5.11 Market Attractiveness Index         

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Component       

                              7.2.3 By Business Function          

                              7.2.4 By Organization Size           

                              7.2.5 By Deployment Type          

                              7.2.6 By Industry Vertical             

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Component       

                              7.3.3 By Business Function          

                              7.3.4 By Organization Size           

                              7.3.5 By Deployment Type          

                              7.3.6 By Industry Vertical             

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Component       

                              7.4.3 By Business Function          

                              7.4.4 By Organization Size           

                              7.4.5 By Deployment Type          

                              7.4.6 By Industry Vertical             

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Component       

                              7.5.3 By Business Function          

                              7.5.4 By Organization Size           

                              7.5.5 By Deployment Type          

                              7.5.6 By Industry Vertical             

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Component       

                              7.6.3 By Business Function          

                              7.6.4 By Organization Size           

                              7.6.5 By Deployment Type          

                              7.6.6 By Industry Vertical             

8. Key Player Analysis                                   

               8.1 Mitsubishi Corporation                        

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Robert Bosch GmBH               

               8.3 ABB Ltd                       

               8.4 Eaton Corporation                  

               8.5 Dassault Systems                     

               8.6 Emerson Electric Co               

               8.7 Honeywell International, Inc.                            

               8.8 Johnson Controls, Inc.                          

               8.9 Rockwell Automation, Inc.                  

               8.10 Schneider Electric SE                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Disease and Drugs  along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Process Automation Market By Region, From 2020-2025 ( USD Billion )
  2. Global Process Automation Market By Component, From 2020-2025 ( USD Billion )
  3. Global Solutions Market By Region, From 2020-2025 ( USD Billion )
  4. Global Services Market By Region, From 2020-2025 ( USD Billion )
  5. Global Process Automation Market By Business Function, From 2020-2025 ( USD Billion )
  6. Global Sales Process Automation Market By Region, From 2020-2025 ( USD Billion )
  7. Global Supply Chain Automation Market By Region, From 2020-2025 ( USD Billion )
  8. Global Claims Automation Market By Region, From 2020-2025 ( USD Billion )
  9. Global Marketing Automation Market By Region, From 2020-2025 ( USD Billion )
  10. Global Process Automation Market By Organization Size, From 2020-2025 ( USD Billion )
  11. Global Small and Medium-sized Enterprises (SMEs) Market By Region, From 2020-2025 ( USD Billion )
  12. Global Large Enterprises Market By Region, From 2020-2025 ( USD Billion )
  13. Global Process Automation Market By Deployment Type, From 2020-2025 ( USD Billion )
  14. Global On-Premises Market By Region, From 2020-2025 ( USD Billion )
  15. Global Cloud Market By Region, From 2020-2025 ( USD Billion )
  16. Global Process Automation Market By Industry Vertical, From 2020-2025 ( USD Billion )
  17. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  18. Global Retail & Consumer Goods Market By Region, From 2020-2025 ( USD Billion )
  19. Global BFSI Market By Region, From 2020-2025 ( USD Billion )
  20. Global Telecom & IT Market By Region, From 2020-2025 ( USD Billion )
  21. Global Transport & Logistics Market By Region, From 2020-2025 ( USD Billion )
  22. Global Energy & Utility Market By Region, From 2020-2025 ( USD Billion )
  23. Global Media & Entertainment Market By Region, From 2020-2025 ( USD Billion )
  24. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample