Insights on the Global Factory Automation Platform As A Service Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats -…

LONDON--(BUSINESS WIRE)--The factory automation platform as a service market is expected to grow by USD 2.92 billion, progressing at a CAGR of over 20% during the forecast period.

Click & Get Free Sample Report in Minutes

The ease of IT and OT convergence is one of the major factors propelling market growth. However, factors such as data privacy and security concerns will hamper the market growth.

More details: https://www.technavio.com/report/factory-automation-platform-as-a-service-market-industry-analysis

Factory Automation Platform as a Service Market: Geographic Landscape

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The increasing focus on edge computing, increasing number of strategic collaborations, and virtualization of industrial automation will significantly influence factory automation platform as a service market's growth in this region. 37% of the markets growth will originate from North America during the forecast period. The US is the key market for the factory automation platform as a service in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the factory automation platform as a service market size.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Related Reports on Information Technology Include:

Industrial Automation Control Market by Product, End user, and Geography - Forecast and Analysis 2020-2024: The industrial automation control market size has the potential to grow by USD 25.18 billion during 2020-2024, and the markets growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Automated Industrial Quality Control Market by End-user, Solution, and Geography - Forecast and Analysis 2020-2024: The automated industrial quality control market size has the potential to grow by USD 220.87 million during 2020-2024, and the markets growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Companies Covered:

What our reports offer:

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Service

Customer landscape

Geographic Landscape

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.

View original post here:

Insights on the Global Factory Automation Platform As A Service Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats -...