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Need for Operational Efficiency Will Uplift the Global Industrial Automation Services Market Through 2019: TechnavioTechnavio has published a new report on the global industrial automation services market, which is expected to grow at a CAGR of more than 11% from 2015-2019. About the Report In accordance with the latest report by Technavio, the need for operational efficiency has led organizations to implement the latest automation solutions to optimize their operational cost, as automation solutions minimize the failure rate of plant operations with fast and responsive actions. "Companies across industries are opting for different types of automation services in order to help consumers leverage with service provider's expertise in reducing their plant maintenance and project operating costs," says Faisal Ghaus, Vice President of Technavio. The latest report by Technavio also focuses on APAC countries such as China, Japan, and India, which have been driving the demand for industrial automation services, particularly for manufacturing activities. "Many countries from the Americas are outsourcing manufacturing activities to the APAC region, especially India and Japan, as these countries have favorable business conditions like low-cost labor as well as supporting government policies and FDI for manufacturing," says Ghaus. b>Market Scope and Calculation of Market Size The new Technavio report covers the present scenario and growth prospects of the global industrial automation services market from 2015-2019. To calculate the market size, we consider revenue generated from different types of services, including consulting, maintenance and support, operational services, and project engineering and installation. Key Information Covered in the Report:
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the automation services market:
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150826005042/en/ |
