Category Archives: Automation

Process Automation & Instrumentation Market 2021 Global Briefing, Growth Analysis And Opportunities Outlook 2026

Chicago, United States The Process Automation & Instrumentation market report [5 Years Forecast 2021-2026] focuses on the COVID19 Outbreak Impact analysis of key points influencing the growth of the market.

The Process Automation & Instrumentation Market is expected to have a highly positive outlook for the next five years 2020-2026 according to a recently released. The study covers market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The research report presents a complete assessment of the Process Automation & Instrumentation Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.

The report begins with the market summary, Process Automation & Instrumentation trade chain structure, former and current market size in conjunction with Process Automation & Instrumentation business opportunities in coming back years, an increase in technological innovation, offer demand and lack, numerous drivers and restraining factors pull the industry setting. The study on the market is looked at from the futuristic development perspective.

>>>> Process Automation & Instrumentation Market competition by top manufacturers/Key player Profiled: ABB, Beckhoff Automation, Emerson, General Electric, Hollysys Automation, Honeywell, Intech Process Automation, Metso, Mitsubishi, Rockwell, Schneider, Siemens, Yokogawa Electric

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Our exploration specialists acutely ascertain the significant aspects of the global Process Automation & Instrumentation market report. It also provides an in-depth valuation in regards to the future advancements relying on the past data and present circumstance of Process Automation & Instrumentation market situation. In this Process Automation & Instrumentation report, we have investigated the principals, players in the market, geological regions, product type, and market end-client applications. The global Process Automation & Instrumentation report comprises of primary and secondary data which is exemplified in the form of pie outlines, Process Automation & Instrumentation tables, analytical figures, and reference diagrams. The Process Automation & Instrumentation report is presented in an efficient way that involves basic dialect, basic Process Automation & Instrumentation outline, agreements, and certain facts as per solace and comprehension.

Global Process Automation & Instrumentation Market by Type: Process AutomationProcess Instrumentation

Global Process Automation & Instrumentation Market by Application: ChemicalsEnergy & PowerFood & BeveragesMetals & MiningOil & GasPharmaceuticalsPulp & PaperWater & WastewaterOthers

Regions and Countries:U.S, Canada, France, Germany, UK, Italy, Rest of Europe, India, China, Japan, Singapore, South Korea, Australia, Rest of APAC, Brazil, Mexico, Argentina, Rest of LATAM, Saudi Arabia, South Africa, UAE.

Questions answered in Process Automation & Instrumentation market research study:

Points Covered In Process Automation & Instrumentation Industry Are:

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Strategic Points Covered in TOC:

Profiling Key players: ABB, Beckhoff Automation, Emerson, General Electric, Hollysys Automation, Honeywell, Intech Process Automation, Metso, Mitsubishi, Rockwell, Schneider, Siemens, Yokogawa Electric

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Process Automation & Instrumentation Market Insight and Forecast to 2026 | ABB, Beckhoff Automation, Emerson - NeighborWebSJ

MILWAUKEE and TURIN, Italy--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK), the worlds largest company dedicated to industrial automation and digital transformation, and Comau, a global leader in industrial automation and robot manufacturer, announced today that they are joining forces to give businesses worldwide vital tools to maximize manufacturing efficiencies through unified robot control solutions.

Industrial companies are looking for efficient ways to integrate robotics into their operations for process optimization and agility, said Rockwell Automation Chairman and CEO Blake Moret. Rockwell Automations collaboration with Comau will simplify programming and lifecycle management, accelerating time to value for our customers.

Moret said this expansion of robotic applications is rooted in Rockwells broader strategy to help industrial companies save time and improve performance with unified robot control, ultimately providing long-term value for their business. The partnership is a collaborative development and selling model that offers the unified robot control product to both companies customers.

Comaus robotics and industrial automation expertise, as well as its reputation for high performance, reliability, and quality, combined with Rockwell Automations global capabilities and experience in automated material handling, food and beverage, household and personal care, and life sciences, gives customers the incremental value of an integrated robot solution, said Comau CEO Paolo Carmassi. Comau is eager to work with such an important partner that has a market-leading global footprint in all industries.

Engineers will now be able to program their entire machine in one environment, including Comau robot arms directly controlled through Rockwell Automations Logix-based controllers. Rockwell Automations Studio 5000 automation system design software provides relief from the time-consuming and often difficult task of trying to coordinate traditionally separate machine control and robot systems to work together using two different software tools.

Machine builders, system integrators, and others will gain development and deployment efficiencies through the use of digital engineering tools like Rockwells Emulate3D digital twin software, which creates digital models of production lines, auto-generates machine control code, and has built-in capabilities for Comau robots.

The combined Rockwell and Comau solutions will also offer benefits beyond enhanced integration. For example, end users can use analytics and digital twin tools to gain deeper insights into machine performance and potential production optimization. They can also use safety and security solutions to reduce business risks.

Operators on the manufacturing floor who use Rockwells FactoryTalk software suite will benefit from being able to see both line and robot control systems on a single interface. In-plant and remote technicians will only need to learn and maintain one architecture to monitor both systems. They can also leverage Rockwells augmented reality (AR) tools to improve lifecycle and service cycle maintenance.

Automazioni Industriali Capitanio, a recognized system integrator, designs, manufactures, and commissions automation systems for the metals industry and is an early adopter of the joint solution. Marco Capitanio, managing director of AIC, said the Rockwell-Comau collaboration allows the company to offer a seamless robot solution for customers, which he sees as a key advantage for a machine builder.

We value the simple and flexible programming environment, complete access to robot supervision and diagnostic parameters, and the ability to leverage existing automation panels and standard control devices, Capitanio said.

Rockwell products and technology that will be key to robotics integration include the following:

Comaus comprehensive robot range meets the needs of a wide variety of industries, from automotive to logistics, food and beverage, and packaging, just to name a few. It includes more than 40 different industrial robotic arms, with load capacities from 3 to 650 KG.

About Comau

Comau, a member of Stellantis, is a worldwide leader in delivering advanced industrial automation products, and systems. With over 45 years of experience and a strong presence within every major industrial country, Comau is helping manufacturers of all sizes in almost any industry experience higher quality, increased productivity, faster time-to-market, and lower overall costs. Headquartered in Turin, Italy, Comau has an international network of 7 innovation centers, 5 digital hubs, 8 manufacturing plants that span 14 countries and employ more than 9,000 people. For more information, visit http://www.comau.com.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,500 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit http://www.rockwellautomation.com.

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Rockwell Automation and Comau Partner to Simplify Robot Integration for Manufacturers - Business Wire

This latest Automation as a Service report published by Global Market Monitor covers the current market dynamics, and provides effective competition strategies and market guidelines for the majority of practitioners.

Get the complete sample, please click:https://www.globalmarketmonitor.com/request.php?type=1&rid=650602

Competition AnalysisMajor competitors of the global Automation as a Service market include:Automation Anywhere, Inc. IBM Corporation Uipath Inc. Blue Prism Group PLC Microsoft Corporation

Browse More In-Depth Industry Insights at:https://www.globalmarketmonitor.com/reports/650602-automation-as-a-service-market-report.html

Application SegmentationBanking, Financial Services, and Insurance (BFSI) Telecom and IT Retail and Consumer goods Healthcare and Life Sciences Manufacturing Government and Defense Others

By Type:Rule-based Automation Knowledge-based Automation

Table of Content1 Report Overview1.1 Product Definition and Scope1.2 PEST (Political, Economic, Social and Technological) Analysis of Automation as a Service Market2 Market Trends and Competitive Landscape3 Segmentation of Automation as a Service Market by Types4 Segmentation of Automation as a Service Market by End-Users5 Market Analysis by Major Regions6 Product Commodity of Automation as a Service Market in Major Countries7 North America Automation as a Service Landscape Analysis8 Europe Automation as a Service Landscape Analysis9 Asia Pacific Automation as a Service Landscape Analysis10 Latin America, Middle East & Africa Automation as a Service Landscape Analysis 11 Major Players Profile

Ask for a Report Sample at:https://www.globalmarketmonitor.com/request.php?type=3&rid=650602

By region North America, Asia-Pacific, Europe, Latin America, Middle East, Africa, and Others

Audience:-Automation as a Service manufacturers-Automation as a Service traders, distributors, and suppliers-Automation as a Service industry associations-Product managers, Automation as a Service industry administrator, C-level executives of the industries-Market Research and consulting firms

Key Questions Answered by This Report:What is the size and CAGR of the Automation as a Service Market?What are the key driving factors of the most profitable regional market?Which are the leading companies in the global market?How will the Automation as a Service Market advance in the coming years?What are the main strategies adopted in the global market?Which region may hit the highest market share in the coming era?What trends, challenges, and barriers will impact the development and sizing of the Automation as a Service Market?

About Global Market MonitorGlobal Market Monitor is a professional modern consulting company, engaged in three major business categories such as market research services, business advisory, technology consulting.We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.ContactGlobal Market MonitorOne Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,NY 11201, USAName: Rebecca HallPhone: + 1 (347) 467 7721Email: info@globalmarketmonitor.comWeb Site: https://www.globalmarketmonitor.com

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Automation as a Service Market Share, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2014-2027 KSU | The Sentinel...

Industrial automation and robotic systems have now advanced to a stage whereby theyre more capable, cheaper than they once were and easier to integrate and install within software technology. Although large companies such as Amazon, DHL, LEGO, and Tesla have embraced automation within the warehouse, key barriers to implementing this technology remain, particularly for the SME market.

1) Fear of change

Organisations have spent years refining their manufacturing processes, picking lines and production processes to be as efficient as possible. These operationsare essential to a businesss success and its ability to fulfil its customers expectations. The ultimate aim of a business is to ensure a good customer experience, i.e. a good customer experience results in more customers and returning customers, leadingto more revenue and profits for organisations. As a result, the old adage of if its not broken, dont fix it is at play here. Despite the obvious benefits of automation and robotics, businesses are reluctant to change their processes in case this negatively impacts the productivity of the manufacturing facility. However, just because youre looking at implementing automation and robotic technology doesnt mean you have completely overhaul your current warehouse. A good place to start is typically with something simple. Think of whats the easiest thing to automate, such as moving a box from a to b, something you perhaps do every day. Once youre comfortable with that, you can begin to scale up and explore more complex forms of automation. Automation and robotic technology is not a race to see who can transform their whole warehouse the quickest. Start with what you can manage, and then you can look to improve and build on this.

2) High upfront costs

There is a preconceived notion that complex, sophisticated technology has to come with high initial capital costs in terms of the technology itself and the costs involved with training employees to use the equipment. This tends to make smaller firms and SMEs hesitant to take advantage of the available technology. Although there is an element of truth to this theory, there are also factors that help mitigate and offset the upfront high cash outlay.

Investing in automating manufacturing processes can actually be more cost-effective in the long run as opposed to sticking with traditional, manual methods. For example, you can lower your operating costs and increase your productivity as machines dont get tired. They dont need a break, and when the warehouse needs to be closed due to holidays or maintenance, automation technology and robotic systems can keep things ticking over. Furthermore, automated systems help future proof your business. This technology will only grow and get more prominent in the next 10/15 years. This type of technology needs to be viewed through a long-term lens regarding the return on investment that can be achieved. However, as robotics become more common, the costs will reduce, so expect this gap to decrease in the future.

Secondly, as we mentioned earlier, systems dont have to be fully automated in one big bang. Processes and technology can be introduced incrementally to help reduce the costs in the long run. However, in addition to this, there are multiple financial solutions on the market that can assist. For example, leasing is one popular route to procuring the latest technology. One of the most popular leasing solutions is an operating lease (or residual-value lease). This type of lease agreement involves the supplier taking an investment risk on the equipment, which they hope to accrue at the end of the contract when the equipment is returned to them. Essentially this solution results in the sum of the rentals being typically less than the original capital cost.

Example Operating Lease

New equipment cost: 100,000

Term: 5 years

Rental profile: Quarterly

Rental: 4,250

Total payable: 85,000

3) Lack of flexibility within the solution

Somewhat related to the initial high capital costs fear is the fear that once youve committed to a solution, there is little scope to deviate from what was decided at the start. This makes total sense. If youre procuring high-end technology, you want to ensure you have options if things need tweaking or are not working as previously planned.

Once automation systems have been installed, there is a belief that it has to stay until the time comes to replace it. This is not the case anymore. Nowadays, there is a wide range of general robotic systems on the market that are highly adaptable and can be easily changed and re-tasked without huge cost or intervention from engineers (and no, they dont have to come with an expensive upfront price tag either). These robotic arms can be adapted to suit different payloads and reach and are designed to work in virtually every market segment from automotive to medical. Lastly, flexible finance concepts such as pay-per-use models can help alleviate any potential concerns. These models can be matched to seasonal demand, usage patterns or just general production output. A pay-per-use solution can help to simplify cost control and reduces your investment risk.

4) Machines replacing staff

Lastly, organisations tend to be fearful that automation systems and robotics are there to take over peoples jobs and lay off staff. This isnt the case, and actually, technology can supplement the role humans play in the production line and help them become more productive. In recent years, AI systems and automation technology have become very sophisticated at reading contracts or data entry. Its actually in these, what you would call, white-collar jobs where automation has the potential to replace human roles. In 2017, when Tesla announced plans to ramp up the production of their Model 3 car, a robotic assembly line was at the centre of the companys plan to achieve this. However, automated systems are currently only programmed to deal with the expected situation. When faced with unexpected situations such as a nut or bolt being an inch out of position or a car door that is 10 degrees out of line, they cannot react and require human intervention.

We can also look at the Amazon example. Although they have around 45,000 robots in their warehouse, the company still has 200,000 employees within the warehouse. Amazon has used the robots to remove the need for walking and searching for items within the warehouse. Amazon has one of the most (if not the most) efficient supply chains globally and is a perfect case study for how human and robotic interaction can help achieve better productivity.

The fact is, robots are great at repetitive jobs such as dispensing paint, spray or glue to a surface, or welding for example. Currently however, robots and automation systems lack the same level of dexterity as their human counterparts. When it comes to delicate tasks or tasks that require a high level of precision, robots simply arent currently adept at dealing with them. Thanks to advances in safety systems, robots can work alongside their human colleagues, and organisations can decide which tasks can be automated and which ones need to remain manual. By using a combination of automation and manual intervention, companies can rebalance production lines and further boost their productivity levels.

As with any emerging technology, there is always hesitancy where there is perceived risk. Automation systems will undoubtedly become cheaper, more intelligent, and easier to implement in the future. However, the decision of whether or not to procure these technology types will remain difficult. At CHG-MERIDIAN, we work with both international and national customers to help them take that first step into automation and robotic technology. We offer our customers independent advice and work closely with both end-users and manufacturers/systems integrators to provide the correct solution. Because we are independent from suppliers and banks, we can offer flexible, bespoke leasing solutions that will reduce your costs and risk. Once youve taken that first step, we will work with you to see where lessons can be learned and processes refined. The sooner you take that first step, the better prepared and future-proofed your business will be.

If youre looking for support with implementing industrial automation and robotics or are interested in finding out more about our industrial solutions, please click here: https://www.chg-meridian.co.uk/solutions-services-sectors/industrial.html.

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The four barriers to automation and robotics - SHD Logistics

A company youve probably never heard of made IPO history this week.

UiPath, an automation company, made its market debut and notched the 3rd largest US software IPO in history, behind only Snowflake (No. 1) and Qualtrics (No. 2).

By markets close on Wednesday, the companys market cap had settled at a hefty $35.8B which leaves only one question

The company was founded in 2005 by Romanian entrepreneurs Daniel Dines and Marius Trc.

Originally called DeskOver, UiPath was based in Romania but later rebranded and moved its HQ to the US in 2017. Today, about of its ~3k employees are still based in Romania.

UiPath helps enterprises automate tedious manual tasks done on computers, something they refer to as RPA or

They call their automations software robots that do robot-like work for humans tasks like filling forms, moving files, inputting data, and scraping documents.

The real gem is that creating these software robots requires no coding, and they can interface with existing software using AI-fueled computer vision think robots actually seeing what they click.

This all rolls up into a serious business:

And according to UiPath, the market for robot automation is expected to reach $30B by 2024, up from $17B in 2020.

thanks to UiPaths 145% dollar retention, meaning its customers are staying and increasing budgets by 45% into the next year a strategy insiders call land and expand.

But its not all robots and sunshine.

UiPath will have to weather a public market thats souring for high-flying tech companies. In 2021, a cloud index of 58 cloud companies has dropped 7%; meanwhile, the Dow is up 10%.

Hot Dow Summer, anyone?

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Meet the $40B+ software robot maker poised to automate pencil pushing - The Hustle

WebEngage, a full-stack Marketing Automation company, has been recognized by Financial Times as one of Asia-Pacifics top 500 high-growth companies, debuting in the list at rank 206 to emerge as a rapidly-growing company.

The report compiled in partnership withNikkei Asiaand research providerStatista ranks Asia-Pacific companies by their compound annual growth rate (CAGR) in revenue between 2016 and 2019.

The recognition cements the Mumbai-headquartered companys reputation as a leading global martech platform for digital consumer businesses. WebEngages inclusion as a high-growth company comes from its Absolute Growth Rate of 233.7% and a CAGR of 49.4% between 2016-19.

Recently, WebEngage registered another notable mention as one of Indias fastest-growing companiesin the year 2021by TheEconomic TimesandStatista.

Talking about the recognition,Avlesh Singh, Chief Executive Officer, said, It is an exhilarating moment for us to be recognized as one of the high-growth companies in the APAC region by FT. We are in the 10th year of our operations, and its been a great ride building a much-loved brand. Over the years, we have successfully enabled consumer brands to create immersive digital experiences and drive tangible business results. We have grown steadily despite the impact of COVID in 2020. We are on track to deliver 100% growth in 2021, thanks to the love shown to us by our amazing customers who are striving to deliver delightful experiences powered by intelligent engagement.

WebEngage started as a web-based tool and later pivoted to a full-stack marketing automation platform over the years. The brand is a leader in the Software-as-a-Service (SaaS) space and drives growth via intelligent engagement and retention for some of the worlds leading brands in 35 countries. WebEngage serves thousands of mid-market and enterprise customers in 35 countries across verticals like E-Commerce, Fintech, Online Retail, Edtech, Foodtech, Travel and OTA, Gaming, etc. WebEngage counts Blume Ventures, Indian Angel Network Fund, Capital Group, Social Capital, and India Quotient as marquee investors.

Marketing Technology News:Placer.ai Launches Marketplace to Bring Leading Data Tools Together

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Marketing Automation Platform WebEngage Featured In The Financial - MarTech Series

Theres an old proverb that says, The cobblers kids go barefoot. Many CPA firms offer great financial management advice to clients, but are slow to act on process changes that can improve the firms bottom line. Manual billing and AR processes are recognized pain points for small and medium-size businesses, and accounting firms are no exception.

B2B financial transactions, including for professional services firms, are increasingly digital.

Before the pandemic, firms were already dealing with slow check payment processes and their inherent fraud risk. A year later, with remote work operations now the norm, newly cloud-based firms are rapidly adopting automated solutions for client payment processing.

A recent study, B2B Payments Innovation Readiness conducted by Pymnts.com found that organizations that adopt automation in payments and AR management quickly realize business benefits, with 87% of automated organizations reporting improvements in process speed. Automating payments processing shortens the collection cycle and improves cash flow.

Clients have moved to the cloud. They want to pay in the cloud.

Businesses increasingly prefer digital payment methods and will deal with the easy-to-pay invoices before they get to a paper invoice.

In the Pymnts.com study, a full 75% of organizations reported that automated functions help them provide superior customer experiences and increase client satisfaction with a simple payment process. Its far easier for your client to make an online payment than to pay the old-fashioned way. When its simple, they are quicker to act, and your firm is seen as smart people who are easy to do business with. The convenience of paying by credit card offers your clients the payment option they prefer.

Another fintech study by Pymnts.com, The B2B Tipping Point, reports that companies largest concerns when sending and receiving B2B payments were convenience and ease of use. Their first choice is usually ACH, followed by electronic transfers and credit cards. If a supplier or vendor does not accept those payment methods, these businesses tend to fall back on paper checks.

Many clients want the ability to pay by credit card. ASmall Business Credit CardStudy by Visa/A.T. Kearney indicates that almost 70% of small businesses use credit cardsin a typical month. They are purchasing routine supplies, services and subscriptions on a credit card why not accounting services? Using an automated payment program, you can offer payment via MasterCard, Visa, ACH, American Express and Discover.

Automated payments fit with accounting firm strategy.

Firms are challenged to evolve during these changing times. One thing is clear: Cloud-based technology is essential, and the age of automation is here. By embracing technology and automation to support innovative client support and advisory services or CAS, firms can reduce the time required to manage traditionally manual processes.

If your firm adopts a new practice management system today, its highly likely that it will be a cloud-based platform. The corresponding accounting, tax and auditing programs used by firms are increasingly in the cloud, and every tax accountant knows that the IRS has offered e-filing for 30 years. Similarly, automated, cloud-based payments processing is the best fit for firms that have embraced a cloud strategy.

What to look for in an automated payments system:

An online payment solution allows your clients to securely pay invoices quickly and easily, instead of requiring them to process and mail a paper check. More importantly, online payment technology enables you to offer automatic recurring payments to support new retainer-based and project-based business models. This relatively simple change is worth considering, as an important way to set your firm apart.

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Nicole Fluty is product manager for OfficeTools at AbacusNext, with over a decade of experience with OfficeTools. She directs and manages rollouts for new features and quarterly public updates delivered to thousands of users. Fluty travels the country, meeting with accounting professionals to better understand their challenges and design practical solutions.

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3 Reasons to Move Forward with Automated Payments Technology - CPAPracticeAdvisor.com

New report published on Cloud Automation Market offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porters Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.

This report includes an in-depth analysis of the global Cloud Automation market for the present as well as forecast period. The report encompasses the competition landscape entailing share analysis of the key players in the Cloud Automation market based on their revenues and other significant factors. Further, it covers the several developments made by the prominent players of the Cloud Automation market.

Get a Sample Copy of Cloud Automation Market Report @ https://www.inforgrowth.com/sample-request/6654252/Cloud Automation-market

Top Players in Cloud Automation Market are

The report makes use of the market data sourced from the year 2015 to 2020 while the market analysis aims to forecast the market up to the year 2026. The various strategic developments have been studied to present the current market scenario.

Cloud Automation Market Segmentation

The segment outlook section of the report is a highly decisive information hub to unravel segment potential in directing impressive growth and steady CAGR valuation. Additional details on SWOT analysis of each of the mentioned market participant is poised to accelerate growth tendencies besides reviewing the growth scope through 2020-2026.

Cloud Automation Market by Type

Cloud Automation Market, By Application

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By Regions:The report offers an accurate representation of the geographical scope of the Global Cloud Automation Market, inclusive of graphical details of popular growth hotspots and performance of the various products and services aligning with end-user preferences and priorities.

Impact of COVID-19 on Cloud Automation Market:

Cloud Automation Market report analyses the impact of Coronavirus (COVID-19) on the Cloud Automation industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Cloud Automation market in 2021

Key Parameters of Cloud Automation Market:

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Research Report on Cloud Automation Market Size 2021-2026 Industry Share and Demand Analysis of Key Players NeighborWebSJ - NeighborWebSJ

NEW YORK, April 21, 2021 /PRNewswire/ -- Research Dive has published a report titled "Building Automation System Market by Component, Application, Offerings, and Regional Analysis: Global Opportunity Analysis and Industry Forecast, 20202027".

The Global Building Automation System Marketis anticipated to garner a revenue of $142,257.3 million by 2027 at a CAGR of 9.9% during the forecast period.

Regional Outlook

North America regional market of building automation system accounted $24,009.1 million in 2019 and is further projected to grow at a CAGR of 9.1%. The main attributor behind this growth is the presence of the major industry players in various countries across the region.

Download FREE Sample Report at https://www.researchdive.com/download-sample/8372

Highlights of the Report

The report has divided the market into different segments based on component, application, offerings, and regional outlook.

Dynamics of the Market

One of the major driving factors of the market include the increasing demand for energy-efficient and eco-friendly buildings among the urban population. Moreover, in a dynamic approach, the system helps the user to display accurate details of energy used with precision and the time consumed to perform the task. These are the main attributors behind the growth of the market.

The BAS technology is complex to operate which is predicted to hinder the market growth in the forecast period.

Implementation of the AI for complete automation during the construction of buildings is predicted to create many opportunities for the global building automation system market during the projected timeframe.

Top 10 Key players of the Building Automation System Market

The report includes the most significant players of the market which are

The report also reviews many other important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments. - Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages]

Impact of COVID-19 on the Building Automation Systems Market

The COVID-19 pandemic has impacted the market in a negative way as the nationwide lockdowns led to temporary stoppage of the construction activities. However, as the unlock procedures have started the construction activities have taken momentum and the demand for the building automation system have increased which predicts of a better market growth in upcoming years.

Get Access to COVID-19 Impact Analysis on Building Automation Systems Market.

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Current State of the Global Building Automation System Market: An Insight

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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Global Building Automation System Market Anticipated to Grow at a CAGR of 9.9% during the Forecast Period, 2020-2027 - Exclusive Report [218 pages] by...

Date:Tuesday, May 18, 2021Time:12:00 PM Eastern Daylight TimeDuration:1 hour

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