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Factory Automation Platform as a Service Market Analysis Highlights Impact of COVID-19 2020-2024 | Ease of IT and OT Convergence to Augment Growth | TechnavioTechnavio has been monitoring the factory automation platform as a service market and it is poised to grow by $ 2.92 bn during 2020-2024, progressing at a CAGR of over 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200702005155/en/ Technavio has announced its latest market research report titled Global Factory Automation Platform as a Service Market 2020-2024 (Graphic: Business Wire) Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advantech Co. Ltd., Emerson Electric Co., Hitachi Ltd (News - Alert)., Honeywell International Inc., Microsoft Corp., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Telit Communication Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Ease of IT and OT convergence has been instrumental in driving the growth of the market. However, data privacy and security concerns might hamper the market growth. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor oerations and government regulations. Factory Automation Platform as a Service Market 2020-2024: Segmentation Factory Automation Platform as a Service Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41239 Factory Automation Platform as a Service Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The factory automation platform as a service market report covers the following areas:
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. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Factory Automation Platform as a Service Market 2020-2024: Key Highlights
Table of Contents: Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Service
Customer Landscape Geographic Landscape
Market Drivers Market Challenges Market Trends Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. View source version on businesswire.com: https://www.businesswire.com/news/home/20200702005155/en/ |