Market Highlights
Industrial control systems (ICS) encompass a wide variety of instruments and tools for control of industries. The automation of processes and threats to the network owing to adoption of cloud computing can lead to the integration of ICS. The global industrial control system market report by Market Research Future (MRFR) takes into consideration the various growth enablers, challenges, security solutions, and developments in ICS for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its impact on the industry are explored in the report as well.
Market Scope
The global industrial control system market is projected to expand at a stupendous growth rate over the forecast period. The need for industrial automation and emergence of internet of things (IoT) for expediting automation can drive the market. This is exemplified by the adoption of connected devices by enterprises for monitoring the condition of machinery and workers. The huge demand for protection of critical infrastructure across various industries can induce heavy market demand till 2023. The use of cryptography and heavy encryption at various stages can stave off common attacks such as DDoS and data theft. Monitoring of industrial processes in oil & gas and water treatment plants can provide a lucrative opportunity for the market.
The COVID-19 pandemic has brought a halt to all production processes to restriction of human contact and movement within industrial premises. But remote controlling of processes and automation has ensured the continuity of production. Cyber threats to ICS can threaten the global industrial control system market growth. Collaborations and partnerships are on the rise to combat ICS threats as evident with the partnership between Check Point Software Technologies and Claroty which provides users complete visibility on processes and alerts them in case of attacks.
Segmentation:
By control systems, the industrial control system market size is segmented into distributed control system (DCS), supervisory control and data acquisition (SCADA), and hybrid (hybrid of SCADA and DCS).
By components, the market is segmented into SCADA communication systems, human-machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), and others (control server, remote diagnostics & maintenance).
By application, the market is segmented into pharmaceutical industry, electrical power (generation, transmission, and distribution), oil and gas, automobile industry, water and water-waste treatment, and others (aerospace, defense, transportation).
Regional Analysis
By region, the market is segmented into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
North America is expected to dominate the industrial control system market as there is an increase in demand for safer and reliable process automation in various sectors such as utilities, transportation, oil and gas, water and water-waste treatment, and others. Rollout of guidelines for companies to strengthen their defenses against ICS threats and availability of network products can drive the regional market growth. Allocation of budgets and mandatory security policies can bode well for the global ICS market.
The integration of industrial IoT and rise in sensors, controllers, and other network devices can trigger the demand for industrial control systems. The growth in APAC is expected due to the adoption of new technologies such as IoT in the manufacturing and application of industry 4.0 concept. The region can recover gradually from 2020 due to a plethora of opportunities in South Korea, India, China, and Japan.
The Europe industrial control system market is driven by rapid increase in the demand for modernization, smart grid, and cloud computing.
Competitive Outlook
Emerson Electric Co, ABB Ltd, Yokogawa Electric Co, Rockwell Automation, Schneider Electric, Siemens AG, Omron Co, Alstom, Honeywell International Inc, and General Electric Co are key players of the global industrial control system market.
Datacenter colocation plays a major role in providing much-needed benefit to companies willing to reduce their operating costs and remain competitive.
This has led to a movement towards leasing of colocation facilities which was traditionally dominated by owning data centers and having a dedicated team of IT professionals for maintaining and troubleshooting the issues.
The global data center colocation market is estimated to witness a compound annual growth rate of 15.81% over the period to reach US$85,605.260 million in 2024 from US$35,481.250 million in 2018.
The demand for data center colocation is being mainly driven by North America and Europe on account of the early adoption of technology and the presence of major market players.
The Asia Pacific region is projected to witness impressive growth in the coming years owing to favorable government policies promoting SME businesses and technological upgradation by businesses over the forecast period.
By the colocation model, the global data center colocation market is segmented as wholesale and retail.
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There are several input types of geographic information systems (GIS) that may include satellite imagery, 3D scanners, existing maps, and aerial imagery among others to generate digital maps of geographic locations.
Geographic information systems (GIS) applications are tools that permit operators to analyze spatial information, create interactive queries (user-created searches), edit data in maps, and present the results of all these operations.
The factors that propel the growth of the market include increasing acceptance of GIS in urban planning, smart cities, infrastructure development, coupled with increasing location-based facilities.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the data acquisition system market include ABB Group, AMETEK Inc., Emerson Electric Co., Fortive Corporation, General Electric (GE) Company, Honeywell International Inc., Keysight Technologies, National Instruments Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Spectris PLC and Yokogawa Electric Company.
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The increasing need for precision and accuracy in measurement applications related to end-use industries and the rising demand for equipment that helps make strategic decisions in enterprises positively influence the DAQ system market.The demand for central monitoring is rising as more and more industries are coming up in remote places, thereby driving the DAQ system market.
Other factors such as the application of Industry 4.0 in the automotive and aerospace industry, growing investment in renewable energy power plants, infrastructure, power transmission, and distribution are fueling the demand for DAQ systems.
Furthermore, increasing adoption of the SCADA system in the food & beverage industry to improve quality control of food, utilization of DAQ system, IoT in home automation solutions, and healthcare sector for medical data transmission and improved patient care will create new growth opportunities.
The report delivers the challenges in front of the Pharmaceutical Packaging Market that allows the better understanding of the market and provides the lucrative opportunities that are available.
Report includes change in customer requirements, customer preferences and the vendor landscape in the market.Pharmaceutical Packaging Market Report study provides in detail information to understand the imperative market parts that aligns with the business decision related to raw materials, demand, and production capacity.
The analysis provides demands for the future, besides the opportunities that are available for individual.
Study focuses on industry chain analysis, upstream and downstream raw material suppliers, key players, production process analysis, cost analysis, market distribution channels and major downstream buyers.Research analysis covers historical data from the year 2015 to 2019,In addition to this report considers 2021-28 as the forecast year.
This helps manufacturers and clients understand the past trends and analyze the future trend.
Competitive development like expansion of the plant, ventures, agreement, and acquisition are discussed in the report.Access Full Report @ https://www.profsharemarketresearch.com/pharmaceutical-packaging-market/Research study on Pharmaceutical Packaging Market is based on following regions and countries:North AmericaS.ACanadaEuropeFranceGermanySpainUKRest of EuropeAsia PacificChinaJapanIndiaSouth East AsiaLatin AmericaBrazilMiddle East and AfricaPharmaceutical Packaging Market Report delivers comprehensive analysis of :Challenges and OpportunitiesEmerging and Current market trendsMarket player Capacity, Production, Revenue (Value)Market Forecast for 2021-28Market growth driversSupply (Production), Consumption, Export, Import analysisEnd user/application AnalysisKey Questions answered by the Pharmaceutical Packaging Market Report:What is the Base Year for Pharmaceutical Packaging Market report?What historical data is included in Pharmaceutical Packaging Market Report?Are Top companies in Pharmaceutical Packaging Market are analysed in this report?What are the regions analysed in Pharmaceutical Packaging Market Report?What are the main topics covered in the Pharmaceutical Packaging Market Report?Is COVID 19 impact on the Pharmaceutical Packaging Market included in the report?About Profshare:Profshare Market Research is a full service market research company that delivers in depth market research globally.
