Global Factory Automation Platform-as-a-Service Market to Reach $5.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Factory Automation Platform-as-a-Service estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 26.5% over the analysis period 2020-2027. Platform, one of the segments analyzed in the report, is projected to record 28.4% CAGR and reach US$3.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Professional Service segment is readjusted to a revised 23.2% CAGR for the next 7-year period.The U.S. Market is Estimated at $275.1 Million, While China is Forecast to Grow at 34% CAGR
The Factory Automation Platform-as-a-Service market in the U.S. is estimated at US$275.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 34.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.2% and 24% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 22.2% CAGR.Select Competitors (Total 42 Featured) -
- Advantech Co., Ltd
- General Electric Company
- Hitachi Data Systems Corporation (Hitachi Ltd.)
- Honeywell International Inc.
- International Business Machines Corporation
- Microsoft Corporation
- PTC
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens Ag
- Telit
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 1 Billion |
Forecasted Market Value ( USD | $ 5.2 Billion |
Compound Annual Growth Rate | 26.6% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
A selection of companies mentioned in this report includes:
- Advantech Co., Ltd
- General Electric Company
- Hitachi Data Systems Corporation (Hitachi Ltd.)
- Honeywell International Inc.
- International Business Machines Corporation
- Microsoft Corporation
- PTC
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens Ag
- Telit