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The industrial automation services market size is forecast to increase by USD 99.54 billion at a CAGR of 19.33% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for automation in various industries, particularly in heavy manufacturing. Key technologies driving this growth include programmable logic controllers (PLCs) and automation systems for both discrete and process automation applications. In discrete automation, the market is witnessing a wave in the adoption of robots for manufacturing processes, while AC and DC motors continue to dominate the power transmission segment. A key trend influencing market growth is the increasing focus on predictive maintenance, which enables early detection and resolution of potential equipment failures. Interoperability issues between different automation systems and components remain a challenge, necessitating the need for main automation contractors to ensure seamless integration and optimal system performance.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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