|Global Industrial Automation Market Outlook, 2019|
|Digital Transformation Leading the Shift Toward Service-driven Monetization|
As a result of a moderate investment climate, the automation market experienced steady growth in 2018. This research service provides key trends and predictions for the global automation industry in 2019, analyzing developments across end-user industries. The automation market is set for a paradigm shift due to digitalization in end-user industries, as verticals step up their investment patterns to concentrate on expanding existing plant capacity with modular equipment and digital technologies.
Focus on portfolio consolidation through mergers and acquisitions (M&As) and partnerships will also gain prominence in 2019. The effect of such changes on the market has been analyzed in detail, along with other trends that are expected to transpire over the upcoming year, as organizations set to prepare for the future. The study highlights the Industrial Internet of Things (IIoT) platform offerings of major automation companies and provides a comprehensive comparison of products and services. This automation outlook provides a detailed market landscape analysis of the key participants in the process automation, hybrid automation, and discrete automation markets. It offers an in-depth outlook of key trends across end-user verticals that affect the global automation market with relevant use cases.
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