Factory Automation Platform-as-a-Service: Global Strategic Business Report

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