|By PR Newswire||
|April 8, 2014 11:59 AM EDT||
DUBLIN, April 8, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2gswjx/global_process) has announced the addition of the "Global Process Automation Market" report to their offering.
The analysts forecast the Global Process Automation market to grow at a CAGR of 6.62 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for automation solutions from the Oil and Gas industry. The Global Process Automation market has also been witnessing an increasing availability of wireless sensor networking. However, the reluctance of organizations to migrate to newer technologies could pose a challenge to the growth of this market.
The report, the Global Process Automation Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas and the EMEA and APAC regions; it also covers the Global Process Automation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The increasing availability of wireless sensor networking in SCADA-based industrial control systems is one of the major emerging trends in the market. This helps enterprises to overcome certain issues related to the rigid architecture of SCADA such as inflexibility and centralized architecture. With this technology, the deployment of sensors in SCADA-based industrial control systems becomes easier as it provides wireless networking access.
For instance, in the Energy and Power industry, sensors are generally deployed in either production or induction wells. Through wireless sensor technology, the sensors can be deployed inside gas pipelines in a cost-effective way, thereby resulting in increased process efficiency.
According to the report, one of the major drivers is the increasing demand for automation solutions from the Oil and Gas industry. The effective deployment of automation solution helps companies improve their productivity and enhance their monitoring and security systems.
Further, the report states that a major challenge in the market is the reluctancy in migrating to the latest technology. Several organizations across various process industries across globe find it difficult to shift from their legacy system to the latest technology because of various technical issues such as interoperability and compatibility with existing system.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Geographical Segmentation
8. Vendor Landscape
9. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Key Vendor Analysis
16. Other Reports in this Series
17. Other Reports in this Series
- ABB Ltd.
- Apriso Corp.
- Aspen Technologies Inc.
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- IBM Corp.
- Invensys plc
- Oracle Corp.
- PSI AG
- Rockwell Automation Inc.
- SAP AG
- Schneider Electric Co.
- Siemens AG
- Werum Software & Systems AG.
- and Yokogawa Electric Corp.; Applied Material Inc.
- iBASEt Inc.
For more information visit http://www.researchandmarkets.com/research/2gswjx/global_process
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets
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