The virtualization in industrial automation market size has the potential to grow by USD 216.39 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. The report analyzes the market’s competitive landscape and offers information on several market vendors, including Cisco Systems Inc., Citrix Systems Inc., General Electric Co., Honeywell International Inc., International Business Machines Corp., Oracle Corp., Schneider Electric SE, Siemens AG, Stratus Technologies Inc., and VMware Inc. Furthermore, this report provides a detailed analysis of the market by end-user (process industry and discrete industry) and geography (APAC, North America, Europe, South America, and MEA).
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Virtualization in Industrial Automation Market
Market Competitive Analysis
The market is fragmented, and there is a noted steep competition among vendors as they are trying to increase their market share. To gain a competitive edge, vendors are using a transparent pricing strategy and collaborate with different virtualization and cloud service providers. Cisco Systems Inc., Citrix Systems Inc., and General Electric Co. are some of the major market participants. Although the ability to run multiple operating systems on single physical server will offer immense growth opportunities, the incompatibility issues while integrating several control software will challenge the growth of the 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.
To help clients improve their market position, this virtualization in industrial automation market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this virtualization in industrial automation market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Cisco Systems Inc.
- Citrix Systems Inc.
- General Electric Co.
- Honeywell International Inc.
- International Business Machines Corp.
- Oracle Corp.
- Schneider Electric SE
- Siemens AG
- Stratus Technologies Inc.
- VMware Inc.
Virtualization in Industrial Automation Market: Segmentation by Geography
For more insights on the market share of various regions Request for a FREE sample now!
APAC was the largest virtualization in industrial automation market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing preference for virtualization software for virtualizing complex production processes and improving operational efficiency by manufacturers, substantial year-over-year international investment,s and an upsurge in developing economies will significantly drive virtualization in industrial automation market growth in this region over the forecast period.
33% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for virtualization in industrial automation solutions in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Virtualization in Industrial Automation Market: Segmentation by End-user
Request for a FREE sample and Get more information on the market contribution of various segments
The increased need for plant optimization and the imperative to enhance overall efficiencies are boosting the demand for virtualization of automation solutions such as PLC, SCADA, DCS, and MES across process industries. These solutions help reduce plant downtime and raise productivity. Therefore, the virtualization in industrial automation market share growth by the process industry segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the virtualization in industrial automation market size.
Virtualization in Industrial Automation Market: Key Drivers and Trends
The use of virtualization in industrial automation decouples the physical hardware from the operating system and facilitates the application of various operating systems, unlike traditional industrial automation systems. As a result, virtualization helps industrial plants to integrate multiple plant operations on a single server while increasing the overall operational efficiency. This also reduces the need for acquiring additional hardware, reducing expenses. Furthermore, this setup provides enough scalability to the plant operators to incorporate one physical server that can host multiple virtual machines. These beneficial factors are driving the popularity of virtualization in industrial automation. The ability to run multiple operating systems on a single physical server is one of the major factors driving market growth.
Significant improvements in the Network Functions Virtualization (NFV), one of the key virtualization in industrial automation market trends, will also drive market growth. NFV improves the efficiency of vast network elements by enhancing the ability to manage traffic flow and analyze data in networks. In addition, IIoT-enabled devices are being increasingly adopted which require a strong architect for data transfer and analysis. Several improvements and advancements in technology will help in the virtualization of the network function. Such factors will drive market growth at a CAGR of almost 4% by 2024.
Virtualization in Industrial Automation Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive virtualization in industrial automation market growth during the next five years
- Precise estimation of the virtualization in industrial automation market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the virtualization in industrial automation industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of virtualization in industrial automation market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch