TechNavio recognizes the following companies as the key players in the Global Process Automation Market: ABB Ltd., Honeywell International Inc., Siemens AG, and Yokogawa Electric Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing availability of wireless sensor networking in SCADA-based industrial control systems is one of the major emerging trends in the market. This helps enterprises to overcome certain issues related to the rigid architecture of SCADA such as inflexibility and centralized architecture. With this technology, the deployment of sensors in SCADA-based industrial control systems becomes easier as it provides wireless networking access. For instance, in the Energy and Power industry, sensors are generally deployed in either production or induction wells. Through wireless sensor technology, the sensors can be deployed inside gas pipelines in a cost-effective way, thereby resulting in increased process efficiency.”
According to the report, one of the major drivers is the increasing demand for automation solutions from the Oil and Gas industry. The effective deployment of automation solution helps companies improve their productivity and enhance their monitoring and security systems.
Further, the report states that a major challenge in the market is the reluctancy in migrating to the latest technology. Several organizations across various process industries across globe find it difficult to shift from their legacy system to the latest technology because of various technical issues such as interoperability and compatibility with existing system.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Applied Material Inc., Apriso Corp., Aspen Technologies Inc., Emerson Electric Co., General Electric Co., iBASEt Inc., IBM Corp., Invensys plc, Oracle Corp., PSI AG, SAP AG, Schneider Electric Co., and Werum Software & Systems AG.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-process-automation-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Process Automation Market 2012-2016
