The article cited AMA's Global Discrete Automation Market Study explored substantial growth with CAGR of %. According the report, Continuous Research and Development in Discrete Automation and its Application in Different Industries is one of the primary growth factors for the market. Growing Demand for the Digitalisation in Various Industries Around the Globe
is also expected to contribute significantly to the Discrete Automation market. Overall, applications of Discrete Automation, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ABB Group (Switzerland), Siemens AG (Germany), Rockwell Automation (United States), Schneider Electric (France), Invensys Ltd. (United Kingdom), SpiraTec AG (Germany), AIUT (Poland) and AVEVA Group plc (United Kingdom) may see astonishing sales in this Market and certainly improve revenue growth.
The Industry Verticals, such as Automotive, is boosting the Discrete Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Discrete Automation market identified that the demand is rising in many different parts of the world as "Technological Advancement in the Discrete Automation
". Furthermore, some recent industry insights like "On 1st October 2019, Rockwell Automation announced that it has acquired MESTECH Services, a global provider of Manufacturing Execution Systems / Manufacturing Operations Management, digital solutions consulting, and systems integration services. and On 26th November 201, ABB and B&R launch ‘first fully integrated machine-centric robotics’ solution. B&R, a unit of ABB’s Robotics and Discrete Automation business, announced the integration of ABB robots into its automation portfolio. With the ability to offer unprecedented levels of machine flexibility and precision, merging robotics with machine control into one unified architecture will enable manufacturers to embrace the trend of mass customization and optimize their lot size one processes." is constantly making the industry dynamic. One of the challenges that industry facing is "Technological Issues with the Discrete Automation Components"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Discrete Automation market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Discrete Automation market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Discrete Automation market tight? Which application/end-user category or Product Type [Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM) and Programmable Logic Controllers (PLC)] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Discrete Automation market and other related sub-markets covered in the study.
o Key & emerging players in the Discrete Automation market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Discrete Automation market size is calculated using market estimation process, the Discrete Automation market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Discrete Automation market size has been validated using both top-down and bottom-up approaches.