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

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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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