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The global oil and gas automation solutions market at a CAGR of over 5% during the forecast periodNEW YORK, Nov. 18, 2019 /PRNewswire/ -- Global Automation Solutions Market in the Oil and Gas Industry: About this market Read the full report: https://www.reportlinker.com/p05826760/?utm_source=PRN This oil and gas automation solutions market analysis considers sales from hardware, software, and maintenance and services. Our report also provides a detailed analysis of the market in APAC, Europe, North America, MEA, and South America. In 2019, the SCADA systems product segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as monitoring and controlling activities for integral processes will play a vital role in helping the SCADA system segment to maintain its market position. Also, our global oil and gas automation solutions market report looks at factors such as growing regulatory compliance, gradual recovery in upstream activities, and rise in global demand for oil and gas. However, growing cyber security concerns, interoperability issues due to proprietary software, and volatile oil and gas environment may hamper the growth of the oil and gas automation solutions industry over the forecast period. The oil and gas industry is adopting IoT-enabled electric components and equipment to obtain increased efficiency and reduced downtime. The application of big data analytics can break down organizational and operational data and system silos and automate the data gathering process across business operations. Moreover, the application of IoT-enabled solutions ensures cost savings and increases operational efficiency of oil and gas industry. This development is expected to have a positive impact on the overall market growth. Competitive Landscape With the presence of several major players, the global oil and gas automation solutions market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas automation solutions manufacturers, that include ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Also, the oil and gas automation solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities. Read the full report: https://www.reportlinker.com/p05826760/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-oil-and-gas-automation-solutions-market-at-a-cagr-of-over-5-during-the-forecast-period-300959831.html SOURCE Reportlinker |