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Attractive Market Opportunities in the Global System Integrator Market for Industrial Automation

Tuesday, January 12, 2021 5:02

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Growing use of Internet of Things (IoT) in industrial automation drives the global system integrator market
Internet of Things (IoT) is having a significant impact on industrial automation and control across the world. With the penetration of IoT, the performance of systems will increase and offer cost-savings in the long run. IoT integrated technologies, such as processors, sensors, analytics software, actuators, control valves, vision system, and widely distributed architectures, offer low-cost industrial automation system designing opportunities. IoT forms the connection between electronic devices in manufacturing systems using communication protocols such as Wi-Fi, Bluetooth, ZigBee, etc.

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Market Dynamics
Drivers

Growing use of Internet of Things (IoT) in industrial automstion
Safety and security concerns increase the demand for automation systems
Demand for low-cost, energy-efficient production processes
Automation system has become essential for manually uncontrollable processes
Advancement in cloud computing technology
Higher bargaining power of system integrators
System integrators help solution providers to expand geographically
System integrators offer bundled products

Restraints

High investments required for autpmation implemention and maintenance
Declining crude oil prices affecting investments in infrastructure automation

Opportunities

Offers flexible manufacturing, which is the need of manufacturers
Opportunities offered by industry 4.0

Challenges

System interoperatibility is a major challenge for system integrators
Security vulnerability in SCADA system

The system integrator market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale; and post-sales services. Key players considered in the analysis of the system integrator market are Wood Group Mustang (U.S.), Prime Controls LP (U.S.), ATS automation (Canada), Maverick Technologies (U.S.), Wunderlich-Malec Engineering (U.S.), Mangan Inc. (U.S.), Avanceon (U.S.), Dynamysk Automation Ltd. (Canada), Tesco Controls Inc. (U.S.), and Stadler + Schaaf Mess – Und Regeltechnik GmbH (Germany).

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