Process
Automation Market Demand Analysis, Type, Statistics, Regions and Forecast -
2031

The
global process automation market is estimated to grow at a significant CAGR
during the forecast period. Rising industrialization and the rising need for
robotic process automation are two main factors driving market expansion.
Government measures to support the manufacturing sector have resulted in
increased industrialization in emerging countries. Robotic Process Automation
(RPA) is software that is used in conjunction with business processes to
automate tasks, prevent human errors, and increase productivity. 

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Some
crucial players operating in the market include ABB Ltd., Dassault Systemes SE,
Eaton Corp. plc, Emerson Electric Co., and Honeywell International Inc. To
maintain a strong position in the market, these market players adopt various
strategies such as product launches, partnerships, collaborations, and mergers
and acquisitions. For instance, Audi, a German automaker, is focusing on
building software robots to help staff at PC workstations with tedious work.
Over the years, humans and machines have collaborated in Audi's manufacturing
factories. Employees at PC workstations now have access to robot assistance in
the shape of Audi my Mate, a digital assistant. The market is growing due to
the increasing integration of human and machine labour to help with
manufacturing and back-office tasks. The arrival of Industry 4.0 presents an
opportunity for market expansion.

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Market
Coverage

• Segment Covered- 

o             By Technology

o             By Component

o             By End-User Industry

• Competitive Landscape: ABB
  Ltd., Dassault Systems SE, Eaton Corp. plc, Emerson Electric Co., and
  Honeywell International Inc.

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
Process Automation Market by Segment 

By
Technology

·       
Supervisory Control and Data Acquisition (SCADA)

·       
Human Machine Interface (HMI)

·       
Distributed Control System (DCS)

·       
Programmable Logic Controller (PLC)

·       
Enterprise Resource Planning (ERP)

·       
Others

By
Component

·       
Hardware

·       
Software and Services

By
End-User Industry

·       
Oil and Gas

·       
Electrical and Electronics

·       
Chemical

·       
Retail

·       
Food and Beverage

·       
Pharmaceutical and Life Science

·       
Manufacturing (Metal and Paper and Pulp)

·       
Automobile

·       
Others

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