LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global industrial automation control market size and it is poised to grow by USD 25.18 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The need for simplification of complex manufacturing activities has been instrumental in driving the growth of the market. However, exposure to cybersecurity threats might hamper the market growth.

Industrial Automation Control Market 2020-2024 : Segmentation

Industrial Automation Control Market is segmented as below:

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Industrial Automation Control Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial automation control market report covers the following areas:

This study identifies the virtualization of automation control systems as one of the prime reasons driving the industrial automation control market growth during the next few years.

Industrial Automation Control Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the industrial automation control market, including some of the vendors such as ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Backed with competitive intelligence and benchmarking, our research reports on the industrial automation control market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Industrial Automation Control Market 2020-2024 : Key Highlights

Table Of Contents :

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Market Drivers Demand led growth

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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COVID-19 Impacts: Global Industrial Automation Control Market will Accelerate at a CAGR of almost 5% through 2020-2024 | Need For Simplification of...