Automation Solutions Market in the Oil and Gas Industry by Solution and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022 Pages: 152 SKU: IRTNTR40070

The automation solutions market share in the oil and gas industry is expected to increase by USD 3.58 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.74%.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.  Furthermore, this report extensively covers the market segmentation by solution (SCADA, DCS, PLC, and MES) and geography (North America, Europe, APAC, the Middle East and Africa, and South America).

The automation solutions market in the oil and gas industry report offers information on several market vendors, including ABB Ltd., Cisco Systems Inc., Dassault Systemes SE, Eaton Corp. Plc, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., FURUKAWA Co. Ltd, General Electric Co., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. among others.

ABB Ltd. - The company is publicly held and headquartered in Switzerland. It is a global company generating USD 28,945 million in revenues and has around 105,000 employees. Its revenue from the global automation solutions market in the oil and gas industry contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company offers automation solutions in the oil and gas such as System 800xA, control room and consoles design, operator effectiveness, extended operation workspace, electrical scope integration using IEC61850 and tailored oil and gas instrumentation solutions. 

What will the Automation Solutions Market Size in the Oil and Gas Industry be During the Forecast Period?

Get the Automation Solutions Market Size Forecast by Download Report Sample

Parent Market Analysis

Technavio categorizes the global automation solutions market in the oil and gas industry in the oil and gas industry as a part of the global electrical components and equipment market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Automation Solutions Market in the Oil and Gas Industry: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growing regulatory compliance is notably driving the automation solutions industry growth in the oil and gas industry, although factors such as growing cybersecurity concerns may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Automation Solutions Market Driver in the Oil and Gas Industry

The growing regulatory compliance is a major factor driving the global market in the oil and gas industry market share growth. The oil and gas industry is one of the highly regulated industries. In the past ten years, regulatory compliance in the oil and gas industry has increased significantly owing to the rise in the number of accidents and growth in environmental awareness. Therefore, regulatory authorities and independent energy agencies have drafted strict safety standards for the oil and gas industry. The adoption of automation solutions in the oil and gas upstream sector can result in significant savings by preventing the loss of property and life. Oil and gas companies are adopting different strategies for deploying automation solutions for drilling in the oil and gas industry. Automation solution such as SCADA helps in the centralized monitoring of all processes, improving precise control of various activities and continuous round-the-clock monitoring of facilities. Thus, automation solutions allow regular monitoring of machines and equipment and help companies to adhere to safety and environmental regulations. Therefore, the market will continue to grow significantly during the forecast period.

Key Automation Solutions Market Trend in the Oil and Gas Industry

The growing importance of big data analytics and IoT is another factor supporting the global market in the oil and gas industry market share growth. The process of generating patterns or trends by analyzing huge volumes of data is called big data analytics. This technology is not only used in the IT industry but also in process industries such as the oil and gas industry. The integration of automation solutions with big data analytics provides the ability to predict future risks and take the required steps for risk mitigation. It helps in proper decision-making as it provides accurate information and identifies the actual cause of a problem. A wide range of electrical components and equipment such as motors and transformers are being introduced with IIoT features. This allows electrical components and equipment to transmit critical operating parameters concerning the health and performance of the electric machine to transmit over the Internet protocol to a control room or device. The application of IIoT-enabled solutions ensures cost savings and increases the operational efficiency of oil and gas companies. Therefore, big data analytics can evaluate a large amount of complex data and help in the maintenance of equipment in the oil and gas industry.

Key Automation Solutions Market Challenge in the Oil and Gas Industry

The growing cybersecurity concerns will be a major challenge for the global market in the oil and gas industry market share growth during the forecast period. While automation solutions help in improving productivity and increasing the efficiency of oil and gas industrial processes, some of the automated solutions are also susceptible to cyberattacks. Cybersecurity is one of the emerging issues in end-user industries. Data hacking and alteration are major security concerns for oil and gas companies. For instance, in the oil and gas industry, data breach issues can hamper the production process and result in operational failure. Cyberattacks on the oil and gas infrastructure, such as pipelines, drilling rigs, and refineries, can halt operations and lead to the use of data for unethical purposes or alteration of operations. The data of oil and gas companies can be used by cybercriminals to achieve financial or intellectual gains. Although vendors and end-users are focusing on improving security measures to prevent cyberattacks, the constantly evolving nature of cyberattacks has put automation solutions at high risk, thus challenging the growth of the global market in the oil and gas industry

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Automation Solutions Market in the Oil and Gas Industry Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the automation solutions market in the oil and gas industry, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report. 

Which are the Key Regions for Automation Solutions Market in the Oil and Gas Industry?

Get a glance at the market share of various regions Request PDF Sample now!

42% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the automation solutions market in the oil and gas industry in North America. Market growth in this region will be faster than the market growth in all other regions.

The increased investments by the government and oil and gas companies will facilitate the automation solutions market growth in the oil and gas industry in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the market in North America witnessed slow growth due to the COVID-19 outbreak. However, in Q4 of 2020, the initiation of large-scale vaccination drives led to a decline in the number of COVID-19 cases in the region. This has resulted in the lifting of lockdown restrictions and the resumption of industrial operations, which has increased the demand for oil and gas from the commercial and industrial sectors in North America.

What are the Revenue-generating Solution Segments in the Automation Solutions Market in the Oil and Gas Industry?

To gain further insights on the market contribution of various segments Request a PDF Sample

The automation solutions market share in the oil and gas industry in the oil and gas growth by the SCADA segment will be significant during the forecast period. In each sector, maintaining standards, quality, and efficiency of the assets is imperative for integral processes of exploration, extraction, refinement, and transportation of the resources (oil and gas). Hence, monitoring and controlling activities are vital to ensure the smooth functioning of these processes, which can be achieved by using SCADA systems. Therefore, this segment is expected to attain the highest year-on-year growth rate in the oil and gas industry during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automation solutions market in the oil and gas industry size and actionable market insights on the post-COVID-19 impact on each segment. 

You may be interested in;

Oil & Gas Pipeline and Transportation Automation market - The market growth will accelerate at a CAGR of 2.18% and reach an estimated value of USD 960.46 million by 2026.

Automation Solutions Market Scope in the Oil and Gas Industry

Report Coverage

Details

Page number

152

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.74%

Market growth 2022-2026

USD 3.58 billion

Market structure

Fragmented

YoY growth (%)

6.36

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 42%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Cisco Systems Inc., Dassault Systemes SE, Eaton Corp. Plc, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., FURUKAWA Co. Ltd, General Electric Co., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. 

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Automation Solutions Market in the Oil and Gas Industry Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the automation solutions market growth in the oil and gas industry during the next five years
  • Precise estimation of the automation solutions market size in the oil and gas industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automation solutions industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the automation solutions market v in the oil and gas industry

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Solution

    • 5.1 Market segments
      • Exhibit 24: Chart on Solution - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Solution - Market share 2021-2026 (%)
    • 5.2 Comparison by Solution
      • Exhibit 26: Chart on Comparison by Solution
      • Exhibit 27: Data Table on Comparison by Solution
    • 5.3 SCADA - Market size and forecast 2021-2026
      • Exhibit 28: Chart on SCADA - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on SCADA - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on SCADA - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on SCADA - Year-over-year growth 2021-2026 (%)
    • 5.4 DCS - Market size and forecast 2021-2026
      • Exhibit 32: Chart on DCS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on DCS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on DCS - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on DCS - Year-over-year growth 2021-2026 (%)
    • 5.5 PLC - Market size and forecast 2021-2026
      • Exhibit 36: Chart on PLC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on PLC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on PLC - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on PLC - Year-over-year growth 2021-2026 (%)
    • 5.6 MES - Market size and forecast 2021-2026
      • Exhibit 40: Chart on MES - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on MES - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on MES - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on MES - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Solution
      • Exhibit 44: Market opportunity by Solution ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 97: ABB Ltd. - Overview
              • Exhibit 98: ABB Ltd. - Business segments
              • Exhibit 99: ABB Ltd. - Key offerings
              • Exhibit 100: ABB Ltd. - Segment focus
            • 10.4 Eaton Corp. Plc
              • Exhibit 101: Eaton Corp. Plc - Overview
              • Exhibit 102: Eaton Corp. Plc - Business segments
              • Exhibit 103: Eaton Corp. Plc - Key news
              • Exhibit 104: Eaton Corp. Plc - Key offerings
              • Exhibit 105: Eaton Corp. Plc - Segment focus
            • 10.5 Emerson Electric Co.
              • Exhibit 106: Emerson Electric Co. - Overview
              • Exhibit 107: Emerson Electric Co. - Business segments
              • Exhibit 108: Emerson Electric Co. - Key news
              • Exhibit 109: Emerson Electric Co. - Key offerings
              • Exhibit 110: Emerson Electric Co. - Segment focus
            • 10.6 Honeywell International Inc.
              • Exhibit 111: Honeywell International Inc. - Overview
              • Exhibit 112: Honeywell International Inc. - Business segments
              • Exhibit 113: Honeywell International Inc. - Key news
              • Exhibit 114: Honeywell International Inc. - Key offerings
              • Exhibit 115: Honeywell International Inc. - Segment focus
            • 10.7 Mitsubishi Electric Corp.
              • Exhibit 116: Mitsubishi Electric Corp. - Overview
              • Exhibit 117: Mitsubishi Electric Corp. - Business segments
              • Exhibit 118: Mitsubishi Electric Corp. - Key news
              • Exhibit 119: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 120: Mitsubishi Electric Corp. - Segment focus
            • 10.8 OMRON Corp.
              • Exhibit 121: OMRON Corp. - Overview
              • Exhibit 122: OMRON Corp. - Business segments
              • Exhibit 123: OMRON Corp. - Key news
              • Exhibit 124: OMRON Corp. - Key offerings
              • Exhibit 125: OMRON Corp. - Segment focus
            • 10.9 Rockwell Automation Inc.
              • Exhibit 126: Rockwell Automation Inc. - Overview
              • Exhibit 127: Rockwell Automation Inc. - Business segments
              • Exhibit 128: Rockwell Automation Inc. - Key news
              • Exhibit 129: Rockwell Automation Inc. - Key offerings
              • Exhibit 130: Rockwell Automation Inc. - Segment focus
            • 10.10 Schneider Electric SE
              • Exhibit 131: Schneider Electric SE - Overview
              • Exhibit 132: Schneider Electric SE - Business segments
              • Exhibit 133: Schneider Electric SE - Key news
              • Exhibit 134: Schneider Electric SE - Key offerings
              • Exhibit 135: Schneider Electric SE - Segment focus
            • 10.11 Siemens AG
              • Exhibit 136: Siemens AG - Overview
              • Exhibit 137: Siemens AG - Business segments
              • Exhibit 138: Siemens AG - Key news
              • Exhibit 139: Siemens AG - Key offerings
              • Exhibit 140: Siemens AG - Segment focus
            • 10.12 Yokogawa Electric Corp.
              • Exhibit 141: Yokogawa Electric Corp. - Overview
              • Exhibit 142: Yokogawa Electric Corp. - Business segments
              • Exhibit 143: Yokogawa Electric Corp. - Key offerings
              • Exhibit 144: Yokogawa Electric Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 145: Inclusions checklist
                • Exhibit 146: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 147: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 148: Research methodology
                • Exhibit 149: Validation techniques employed for market sizing
                • Exhibit 150: Information sources
              • 11.5 List of abbreviations
                • Exhibit 151: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

                PURCHASE FULL REPORT OF

                automation solutions market

                QUICK BUY

                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

                Why should you prefer Technavio's market insights report?

                • Off-the-shelf research reports
                • Reports can be tailored to meet the customer's needs
                • Trusted by more than 100 fortune 500 organizations
                • Information about the market's key drivers, trends, and challenges
                • Parent market analysis
                • Every week, 50,000 people visit our subscription platform
                • Detailed vendors report with competitive landscape
                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis