New report examines Process Automation industry research for 2023

Houston, TX -- (SBWire) -- 02/15/2018 --Global process automation market is expected to reach USD +149 billion by the end of 2021, growing at a CAGR of +8 % from the current estimates of USD +92 billion. Some of the key vendors in the process automation market are ABB, Siemens, Schneider Electric, Honeywell and Rockwell Automation.

This report gives an in-depth research about the overall state of Process Automation market and projects an overview of its growth market. It also gives the crucial elements of the market and across major global regions in detail. Number on primary and secondary research has been carried out in order to collect required data for completing this particular report. Sever industry based analytical techniques has been narrowed down for a better understanding of this market.

Of the numerous arms of the IT industry, one of the most important ones to have been taken by a storm by automation is the area of software testing. As software projects, especially the ones that have several layers, are larger, and complex, involve massive investment in testing, in terms of human resources and funds, automation has emerged as a way to immensely cut down costs and manual work hours invested. Process Automation also leads to a significant reduction in the overall time required for the software to be deployed and implemented.

Some of the most prominent Key Vendors:
ABB, Siemens, Schneider Electric, Honeywell and Rockwell Automation

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Currently, North America and Asia Pacific are considered to be the leading segments in terms of revenue contribution and growth opportunities. Due to presence of a large number of test automation tools developing as well as services firms, North America holds the maximum share in the global Process Automation market. The regional market held a massive CAGR of the overall revenue of the global market in the previous years and is expected to retain its commanding position in the next few years as well. The strong position of the regional market can be attributed to the rising traction of quality assessment operations within companies as more and increased implementation of transformation projects as a way of augmenting returns on investment and reducing time-to-market of products.

All information assembled is then accumulated to lay out a clear picture of the present status of Process Automation market. The summary includes trade revisions, market reimbursements, business necessities and circumstances and growth prognosis. It is authenticated and influenced by the exploration and outcome of other painstaking researches.

In conclusion, Global Process Automation Market's ranking in 2018 and in years to come is determined by its presentation up until now. Results are sponsored by various sources and market research skills, all of which are substantiated.

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Table Of Content:

Chapter 1 Process Automation Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

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