New ARC Advisory Group research on the Automation & Software Expenditures for Discrete Industries market reveals that the outlook remains positive for capital investments in automation products and software in discrete industries. This is because the macro trends that underlie the growth in this market remain in place. These trends include globalization, infrastructure expansion, emerging economies, digitalization, an increasing middle class in Asia, and the ongoing need to improve production and process controllability and reduce energy consumption.
“Each year, new products and capabilities provide higher value, driving investments in new equipment. Features are incorporated to control production processes more precisely, improve functionalities, reduce energy consumption, expand operational visibility, increase plant safety, and provide contextualized and time-relevant information to improve management and production floor decisions. As a result, automation products and software deployed in many discrete industries are improving production quality and efficiency,” according to Himanshu Shah, Senior Analyst at ARC Advisory Group and key author of ARC’s Automation & Software Expenditures for Discrete Industries Global Market Research report.
“The industrial automation and software for discrete industries embraces the emerging technology trends, such as Industrial IoT, Industry 4.0, and digitalization to support the market demand for unscheduled downtime prevention, higher productivity, and energy efficiency,” added Shah.
About the Automation & Software Expenditures for Discrete Industries Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the automation & software expenditures for discrete industries market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, and product categories.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to three years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.