TechNavio recognizes the following companies as the key players in the Automation Market in India: ABB Ltd., Honeywell International Inc., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “The development of customized automation solutions is one the major trends in the Automation market in India. Several automation solution vendors face increased competition from other local and regional vendors due to the lack of product differentiation. In order to overcome this problem several local and regional vendors have started offering customized automation solutions to meet the specific need of their customers at a competitive price. Because of this several SMEs across various industries such as Food and Beverages, Pulp and Paper, Chemical, and Petrochemical, opt for these customized automation solutions. This in turn enables MSMEs to improve their operational performance at minimal cost.”
According to the report, the Automation market in India is witnessing many growth drivers such as the need for improved the decision-making systems. The effective deployment of automation products enables companies to improve their decision-making capabilities by providing accurate information on real-time basis.
Further, the report states that a major challenge in the market is the lack of availability of a skilled workforce. Several organizations across various process and discrete industries find it difficult to deploy because of expertise knowledge to handle these solutions.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Apriso Corp., Aspen Technologies Inc., Emerson Electric Co., General Electric Co.,iBASEt Inc., IBM Corp., Invensys plc, Oracle Corp., PSI AG, Rockwell Automation Inc., SAP AG, Schneider Electric Co., Werum Software & Systems AG, and Yokogawa Electric Corp.
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/automation-market-india-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 -Automation Market in India 2012-2016
