Burden of COVID-19 on the Market & Rehabilitation Plan| System Integration Services Market for Industrial Automation Market in India 2020-2024 | Increasing Plant Complexities to Boost Growth | Technavio
Technavio has been monitoring the system integration services market for industrial automation market in India and it is poised to grow by USD 491.33 million during 2020-2024, progressing at a CAGR of 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled System Integration Services Market for Industrial Automation in India 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Access Automation Pvt. Ltd., ACS (News - Alert) INDIA, Adage Automation Pvt. Ltd., Analogic Automation Pvt. Ltd., Axcend Automation and Software Solutions Pvt. Ltd., BASE Automation Technologies Pvt. Ltd., Captronic Systems Pvt. Ltd., John Wood Group Plc, Servilink System Ltd., and SOLPRO Automation Pvt. Ltd are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increasing plant complexities has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/system-integration-services-market-for-industrial-automation-in-India-industry-analysis
System Integration Services Market for Industrial Automation Market in India 2020-2024: Segmentation
System Integration Services Market for Industrial Automation Market in India is segmented as below:
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System Integration Services Market for Industrial Automation Market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The system integration services market for industrial automation market in India report covers the following areas:
This study identifies shortage of skilled workforce as one of the prime reasons driving the system integration services market for industrial automation market growth in India during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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System Integration Services Market for Industrial Automation Market in India 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Service
Drivers, Challenges, and Trends
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