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The factory automation platform as a service market is forecasted to grow by USD 2.92 bn during 2023-2028, accelerating at a CAGR of 20% during the forecast period. The report on the factory automation platform as a service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by ease of IT and OT convergence, the shift from the capex model to the opex model in the manufacturing industry, and the increasing number of investments in smart factories.
The factory automation platform as a service market is segmented as below:
By Component
- Platform
- Professional service
By End-user
- Large enterprises
- SMEs
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the factory automation platform as a service market covers the following areas:
- Factory automation platform as a service market sizing
- Factory automation platform as a service market forecast
- Factory automation platform as a service market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global factory automation platform as a service market: ABB Ltd., Advantech Co. Ltd., Blue Prism Group plc, ClearBlade Inc., Crosser Technologies, Emerson Electric Co., FANUC Corp., General Electric Co., Honeywell International Inc., Litmus Automation Inc., Microsoft Corp., Mitsubishi Electric Corp., Panasonic Holdings Corp., PTC Inc., Schneider Electric SE, Telit, Veea Inc., YASH Technologies Inc., Yokogawa Electric Corp., and Siemens AG.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing focus on edge computing.'
According to the report, one of the major drivers for this market is the ease of IT and OT convergence.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Advantech Co. Ltd.
- Blue Prism Group plc
- ClearBlade Inc.
- Crosser Technologies
- Emerson Electric Co.
- FANUC Corp.
- General Electric Co.
- Honeywell International Inc.
- Litmus Automation Inc.
- Microsoft Corp.
- Mitsubishi Electric Corp.
- Panasonic Holdings Corp.
- PTC Inc.
- Schneider Electric SE
- Telit
- Veea Inc.
- YASH Technologies Inc.
- Yokogawa Electric Corp.
- Siemens AG