Global Factory Automation Platform as a Service Market 2020-2024

Global Factory Automation Platform as A Service Market 2020-2024
Report has been monitoring the factory automation platform as a service market and it is poised to grow by $ 2.92 billion during 2020-2024 progressing at a CAGR of 20% during the forecast period. Our reports on 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.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the ease of IT and OT convergence, shift from CAPEX model to OPEX model in manufacturing industry, and increasing number of investments in smart factories. In addition, ease of IT and OT convergence is anticipated to boost the growth of the market as well.
The factory automation platform as a service market analysis includes service segment and geographic landscapes
factory automation platform as a service market is segmented as below:
By Service
• Platform
• Professional service
By Geographic Landscapes
• North America
• APAC
• Europe
• South America
• MEA
This study identifies the increasing focus on edge computing as one of the prime reasons driving the factory automation platform as a service market growth during the next few years. Also, increasing number of strategic collaborations, and virtualization of industrial automation will lead to sizable demand in the market.
Report 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. Our 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
robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading factory automation platform as a service market vendors that include Advantech Co. Ltd., Emerson Electric Co., Hitachi Ltd., Honeywell International Inc., Microsoft Corp., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Telit Communication Plc. Also, the factory automation platform as a service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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. global-factory-automation-platform-as-a-service-market-industry-analysis
Report 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. market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.