Factory Automation Platform as a Service Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Factory Automation Platform as a Service Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Factory Automation Platform as a Service Market: Snapshot

Platform as a service is the term given to the collection of services and solutions that make use of cloud computing services in order to create a platform for clients and users to manage, run, and develop relevant applications while forgoing the extremely complicated task of creating and maintaining the required infrastructure. Platforms as a service, or PaaS, are commonly segregated into public and private services. Public PaaS solutions are where the provider only handles the networking and database management, while the user takes care of the software deployment. Private PaaS solutions can be more expensive but allow a greater degree of freedom for the user. Using platform as a service holds several advantages, including the scope of a user handling increasingly complex functions through the use of cloud based infrastructure, and for multiple users who are functioning from various locations. 

The overall markets for factory automation are gaining steam as a swift pace, thanks to the extensive demand for these service, as well as the growing market standardization, which will make it easier on players looking to expand their business profile in multiple regions. These services are usually out through the perspectives of being end to end as well as top to bottom. Most of the environments in the factory automation scenario are directly linked to the number of devices being automated.

Global Factory Automation Platform as a Service Market: Overview 

The global factory automation platform as a service market is poised to tread along a healthy growth track in the forthcoming years. Factory automation platform as a service provides connectivity among cloud and factory, security resources, and data analytics platform. It facilitates factory automation application development and offers solutions and services to factory operators and factory owners by just developing core logic of each application. It is used across a large number of industries such as oil and gas, chemicals, food and beverages, pharmaceutical, paper and pulp, and water and wastewater management. 

The research report on the global factory automation platform as a service market offers a thorough overview, focusing on the market dynamics that are anticipated to impact the growth of the overall market and its affiliated industries. With the help of tools such as Porter’s five force analysis and market attractiveness analysis, the study highlights the growth factors, opportunities, current trends, and limitations in the market. It profiles prominent players in the market along with their business strategies, market shares, contact information, revenue generation, and latest developments.

Global Factory Automation Platform as a Service Market: Drivers and Restraints 

Amid the intense competition in the manufacturing industry across the world, there is a dire need for systems promoting rapid product development, resource optimization, shorter lead times, and quality lead times. Therefore, the growing emphasis on energy efficiency, minimum cost of production, and resource optimization is translating into the greater uptake of factory automation platform as a service. Moreover, the advancements in the cloud computing technology are fuelling the market. 

On the other hand, the operation of factory automation platform as a service requires high technical acumen and thus, the dearth of skilled workforce is inhibiting the growth of the market. Furthermore, the issues related to data security and privacy are challenging the growth of the market. However, the emergence of the concept of Industry 4.0 is opening new avenues for players in the market. 

Global Factory Automation Platform as a Service Market: Region-wise Outlook 

The regional markets covered in the research report are North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific will command a substantial share in the market throughout the forecast period. The increasing investments by private and public organizations for technological advancements in the field of factory automation platform as a service are creating phenomenal growth opportunities for the growth of the region. The establishment of local data centers by large international players is also providing a push to the growth of the region. 

Moreover, the availability of cheap and skilled workforce, improving infrastructure and technological capabilities, and favorable government initiatives are augmenting the market in Asia Pacific. Developing countries such as Indonesia, South Korea, and Singapore are sites of high growth in the region owing to the rising adoption of cloud technology. North America is estimated to progress at a noteworthy CAGR during the same span. 

Global Factory Automation Platform as a Service Market: Competitive Landscape 

The majority of the players in the global factory automation platform as a service market are focusing on the development of new products to attain inorganic growth in the global factory automation platform as a service market. Partnerships and acquisitions are also among the commonly adopted strategies by prominent players to boost their offerings in the market. Some of the prominent players in the market are Schneider Electric SE, General Electric Company, Siemens AG, Rockwell Automation Inc., Honeywell International Inc., Microsoft, Hitachi Data Systems Corporation, and IBM.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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