System Integrator Market Growing at a CAGR of 5.0% During 2017 to 2022 - ReportsnReports
PUNE, India, April 25, 2017 /PRNewswire/ --
System Integrator Market will reach $56.05 Billion by 2022 from $41.47 Billion in 2016, at a CAGR of 5.0%. Major factors for growth of System Integrator industry are growing usage of IoT in industries, rising safety & security concerns, demand for low-cost energy-efficient production processes, need for automating complex processes.
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The market is expected to be worth USD 56.05billion by 2022, growing at a CAGR of 5.0% between 2017 and 2022. The growing use of Internet of Things (IoT) and increasing demand for low-cost energy-efficient production processes in industries worldwide are among the major factors driving the growth of this market. However, the need for high investment for installation and maintenance is a major restraint for the growth of this market.
The market for hardware integration service is expected to grow at the highest rate between 2017 and 2022. In system integrators, hardware integration service delivers both services and solutions from major equipment manufacturers to the industry. The growth of this segment in the system integrator market can be attributed to the increasing industrial automation and demand for high-quality production through predictive maintenance and centralized supervision.
The automotive industry is expected to hold the largest share of the system integrator market during the forecast period owing to the increasing need for inventory management, performance analysis, design process, and supply chain management in assembly process in the automotive industry.
The Americas is expected to hold the largest share of the system integrator market for industrial automation during the forecast period as the region has more penetration of process industries, leading to the growing implementation of automation solutions in this industry.
Break-up of the profiles of primary participants:
- By Company Type: Tier 1 - 56 %, Tier 2 - 25%, and Tier 3 - 19%
- By Designation: C-Level Executives - 30%, Directors - 15%, and Managers - 55%
- By Region: Americas - 30%, Europe - 10%, APAC - 55%, and Rest of the World - 5%
Order a copy of System Integrator Market for Industrial Automation by Service Outlook (Consulting, Hardware, and Software), Technology (SCADA, PLC, PAC, RTU, DCS, MES & MOM, PLM, HMI, APC, OTS, and Safety Automation), Industry, and Geography - Global Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=965850 .
The report includes the competitive landscape of the market for prominent players-Wood Group Mustang (US), Prime Controls LP. (US), ATS Automation (Canada), Maverick Technologies (US), Wunderlich - Malec Engineering (US), Mangan Inc. (US), Avanceon (US), Dynamysk Automation Ltd. (Canada), Tesco Controls Inc. (US), Stadler+Schaaf Mess-Und Regeltechnik GmbH (Germany), INTECH Process Automation (US), Design Group (US), CEC Controls Co. Inc. (US), Burrow Global LLC (US), and Matrix Technologies (US).
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