PC-Based Automation Market Drivers and Opportunities [2021-2031]
The PC-Based Automation Market is expected to register a CAGR of 4.59% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The PC-Based Automation Market Report is segmented by Offering Type, including Hardware and Software. It is also segmented by Products, covering IPCs, HMIs, PLCs, and SCADA Systems. The market is analyzed by End-User sectors such as Manufacturing, Processing, and Control Systems. The regional analysis provides insights into key markets across the globe. The market evaluation is presented in US$ for the above segmental analysis, with projections through 2031.
Purpose of the ReportThe report PC-Based Automation Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
PC-Based Automation Market Segmentation
Offering- Hardware
- Software
- IPCs
- HMIs
- PLCs
- SCADA
- Online
- Offline
- Process Industries
- Discrete Industries
- Process Industries
- Discrete Industries
Strategic Insights
PC-Based Automation Market Growth Drivers- Increase in demand for automation in manufacturing: a shift towards automated production lines and smart factories where the growth spurt has occurred in the PC-based automation market because it involves the control and monitoring of automated systems through PCs.
- Cost-Efficiency and Scalability: PC-based automation provides a competitive and cost-effective option when compared to traditional PLC-based systems; it is, therefore attractive for businesses that want scalable automation.
- Integration with Industry 4.0: In the general direction towards Industry 4.0, coupled with an intensification of connected, networked systems for control, monitoring, and optimization, the demand for PC-based automation solutions increases to pump up the process.
- Edge Computing Integration: PC-based automation is incorporating edge computing in the system so that, for the first time ever, machines on the factory floor can make decisions in real time.
- Integrate with Cloud Technology: PC-based automation is being integrated with cloud technology for undertaking remote monitoring, analytics, and system control to help customers improve their operational efficiency.
- Open Source Solution Software: The development of PC-based automation solutions using open-source platforms has more recently gained popularity; its lower cost gives the potential for greater personalization.
- Adoption at SME: Market Development: PC-based automation has the prospect of being adopted by SMEs mainly because of its low costs and scalability, thereby offering considerable market growth opportunities.
- New opportunities: New opportunities have emerged in the automotive, manufacturing, and logistics industries: With PC-based automation systems combined with the power of digital twins and advanced simulation software.
- Integration with artificial intelligence: While AI applications are rapidly applied in production environments, it enables PC-based automation solutions to integrate even machine learning algorithms into predictive maintenance and process optimization.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the PC-Based Automation Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the PC-Based Automation Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the leading players in this market are ABB, Advantech Co., Ltd., Emerson Electric Co, General Electric, Honeywell International Inc, IDEC Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens,
The future trend of the market includes greater integration of IoT, artificial intelligence, and machine learning for more intelligent automation systems.
The market is expected to register a CAGR of 4.59% during 2023-2031.
The factors driving the PC-Based Automation Market include stronger needs for flexible and scalable automation solutions, integration of industrial IoT and the adoption of Industry 4.0 technologies.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 PC-Based Automation Market - By Offering
1.3.2 PC-Based Automation Market - By Product
1.3.3 PC-Based Automation Market - By Distribution Channel
1.3.4 PC-Based Automation Market - By Industry Vertical
1.3.5 PC-Based Automation Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PC-BASED AUTOMATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PC-BASED AUTOMATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PC-BASED AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
6.1. PC-BASED AUTOMATION - GLOBAL MARKET OVERVIEW
6.2. PC-BASED AUTOMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PC-BASED AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Oil and Gas Market
7.3.3.1. Overview
7.3.3.2. Oil and Gas Market Forecast and Analysis
7.3.4. Chemicals Market
7.3.4.1. Overview
7.3.4.2. Chemicals Market Forecast and Analysis
7.3.5. Pharmaceuticals Market
7.3.5.1. Overview
7.3.5.2. Pharmaceuticals Market Forecast and Analysis
7.3.6. Mining and Metals Market
7.3.6.1. Overview
7.3.6.2. Mining and Metals Market Forecast and Analysis
7.3.7. Food and Beverages Market
7.3.7.1. Overview
7.3.7.2. Food and Beverages Market Forecast and Analysis
7.3.8. Energy and Power Market
7.3.8.1. Overview
7.3.8.2. Energy and Power Market Forecast and Analysis
7.3.9. Others Market
7.3.9.1. Overview
7.3.9.2. Others Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.4.3. Automotive Market
7.4.3.1. Overview
7.4.3.2. Automotive Market Forecast and Analysis
7.4.4. Semiconductor and Electronics Market
7.4.4.1. Overview
7.4.4.2. Semiconductor and Electronics Market Forecast and Analysis
7.4.5. Aerospace and Defense Market
7.4.5.1. Overview
7.4.5.2. Aerospace and Defense Market Forecast and Analysis
7.4.6. Medical Devices Market
7.4.6.1. Overview
7.4.6.2. Medical Devices Market Forecast and Analysis
7.4.7. Machine Manufacturing Market
7.4.7.1. Overview
7.4.7.2. Machine Manufacturing Market Forecast and Analysis
7.4.8. Others Market
7.4.8.1. Overview
7.4.8.2. Others Market Forecast and Analysis
8. PC-BASED AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. IPCS
8.3.1. Overview
8.3.2. IPCs Market Forecast and Analysis
8.4. HMIS
8.4.1. Overview
8.4.2. HMIs Market Forecast and Analysis
8.5. PLCS
8.5.1. Overview
8.5.2. PLCs Market Forecast and Analysis
8.6. SCADA
8.6.1. Overview
8.6.2. SCADA Market Forecast and Analysis
9. PC-BASED AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. ONLINE
9.3.1. Overview
9.3.2. Online Market Forecast and Analysis
9.4. OFFLINE
9.4.1. Overview
9.4.2. Offline Market Forecast and Analysis
10. PC-BASED AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. PROCESS INDUSTRIES
10.3.1. Overview
10.3.2. Process Industries Market Forecast and Analysis
10.4. DISCRETE INDUSTRIES
10.4.1. Overview
10.4.2. Discrete Industries Market Forecast and Analysis
11. PC-BASED AUTOMATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America PC-Based Automation Market Overview
11.1.2 North America PC-Based Automation Market Forecasts and Analysis
11.1.3 North America PC-Based Automation Market Forecasts and Analysis - By Offering
11.1.4 North America PC-Based Automation Market Forecasts and Analysis - By Product
11.1.5 North America PC-Based Automation Market Forecasts and Analysis - By Distribution Channel
11.1.6 North America PC-Based Automation Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America PC-Based Automation Market Forecasts and Analysis - By Countries
11.1.7.1 United States PC-Based Automation Market
11.1.7.1.1 United States PC-Based Automation Market by Offering
11.1.7.1.2 United States PC-Based Automation Market by Product
11.1.7.1.3 United States PC-Based Automation Market by Distribution Channel
11.1.7.1.4 United States PC-Based Automation Market by Industry Vertical
11.1.7.2 Canada PC-Based Automation Market
11.1.7.2.1 Canada PC-Based Automation Market by Offering
11.1.7.2.2 Canada PC-Based Automation Market by Product
11.1.7.2.3 Canada PC-Based Automation Market by Distribution Channel
11.1.7.2.4 Canada PC-Based Automation Market by Industry Vertical
11.1.7.3 Mexico PC-Based Automation Market
11.1.7.3.1 Mexico PC-Based Automation Market by Offering
11.1.7.3.2 Mexico PC-Based Automation Market by Product
11.1.7.3.3 Mexico PC-Based Automation Market by Distribution Channel
11.1.7.3.4 Mexico PC-Based Automation Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe PC-Based Automation Market Overview
11.2.2 Europe PC-Based Automation Market Forecasts and Analysis
11.2.3 Europe PC-Based Automation Market Forecasts and Analysis - By Offering
11.2.4 Europe PC-Based Automation Market Forecasts and Analysis - By Product
11.2.5 Europe PC-Based Automation Market Forecasts and Analysis - By Distribution Channel
11.2.6 Europe PC-Based Automation Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe PC-Based Automation Market Forecasts and Analysis - By Countries
11.2.7.1 Germany PC-Based Automation Market
11.2.7.1.1 Germany PC-Based Automation Market by Offering
11.2.7.1.2 Germany PC-Based Automation Market by Product
11.2.7.1.3 Germany PC-Based Automation Market by Distribution Channel
11.2.7.1.4 Germany PC-Based Automation Market by Industry Vertical
11.2.7.2 France PC-Based Automation Market
11.2.7.2.1 France PC-Based Automation Market by Offering
11.2.7.2.2 France PC-Based Automation Market by Product
11.2.7.2.3 France PC-Based Automation Market by Distribution Channel
11.2.7.2.4 France PC-Based Automation Market by Industry Vertical
11.2.7.3 Italy PC-Based Automation Market
11.2.7.3.1 Italy PC-Based Automation Market by Offering
11.2.7.3.2 Italy PC-Based Automation Market by Product
11.2.7.3.3 Italy PC-Based Automation Market by Distribution Channel
11.2.7.3.4 Italy PC-Based Automation Market by Industry Vertical
11.2.7.4 United Kingdom PC-Based Automation Market
11.2.7.4.1 United Kingdom PC-Based Automation Market by Offering
11.2.7.4.2 United Kingdom PC-Based Automation Market by Product
11.2.7.4.3 United Kingdom PC-Based Automation Market by Distribution Channel
11.2.7.4.4 United Kingdom PC-Based Automation Market by Industry Vertical
11.2.7.5 Russia PC-Based Automation Market
11.2.7.5.1 Russia PC-Based Automation Market by Offering
11.2.7.5.2 Russia PC-Based Automation Market by Product
11.2.7.5.3 Russia PC-Based Automation Market by Distribution Channel
11.2.7.5.4 Russia PC-Based Automation Market by Industry Vertical
11.2.7.6 Rest of Europe PC-Based Automation Market
11.2.7.6.1 Rest of Europe PC-Based Automation Market by Offering
11.2.7.6.2 Rest of Europe PC-Based Automation Market by Product
11.2.7.6.3 Rest of Europe PC-Based Automation Market by Distribution Channel
11.2.7.6.4 Rest of Europe PC-Based Automation Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific PC-Based Automation Market Overview
11.3.2 Asia-Pacific PC-Based Automation Market Forecasts and Analysis
11.3.3 Asia-Pacific PC-Based Automation Market Forecasts and Analysis - By Offering
11.3.4 Asia-Pacific PC-Based Automation Market Forecasts and Analysis - By Product
11.3.5 Asia-Pacific PC-Based Automation Market Forecasts and Analysis - By Distribution Channel
11.3.6 Asia-Pacific PC-Based Automation Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific PC-Based Automation Market Forecasts and Analysis - By Countries
11.3.7.1 Australia PC-Based Automation Market
11.3.7.1.1 Australia PC-Based Automation Market by Offering
11.3.7.1.2 Australia PC-Based Automation Market by Product
11.3.7.1.3 Australia PC-Based Automation Market by Distribution Channel
11.3.7.1.4 Australia PC-Based Automation Market by Industry Vertical
11.3.7.2 China PC-Based Automation Market
11.3.7.2.1 China PC-Based Automation Market by Offering
11.3.7.2.2 China PC-Based Automation Market by Product
11.3.7.2.3 China PC-Based Automation Market by Distribution Channel
11.3.7.2.4 China PC-Based Automation Market by Industry Vertical
11.3.7.3 India PC-Based Automation Market
11.3.7.3.1 India PC-Based Automation Market by Offering
11.3.7.3.2 India PC-Based Automation Market by Product
11.3.7.3.3 India PC-Based Automation Market by Distribution Channel
11.3.7.3.4 India PC-Based Automation Market by Industry Vertical
11.3.7.4 Japan PC-Based Automation Market
11.3.7.4.1 Japan PC-Based Automation Market by Offering
11.3.7.4.2 Japan PC-Based Automation Market by Product
11.3.7.4.3 Japan PC-Based Automation Market by Distribution Channel
11.3.7.4.4 Japan PC-Based Automation Market by Industry Vertical
11.3.7.5 South Korea PC-Based Automation Market
11.3.7.5.1 South Korea PC-Based Automation Market by Offering
11.3.7.5.2 South Korea PC-Based Automation Market by Product
11.3.7.5.3 South Korea PC-Based Automation Market by Distribution Channel
11.3.7.5.4 South Korea PC-Based Automation Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific PC-Based Automation Market
11.3.7.6.1 Rest of Asia-Pacific PC-Based Automation Market by Offering
11.3.7.6.2 Rest of Asia-Pacific PC-Based Automation Market by Product
11.3.7.6.3 Rest of Asia-Pacific PC-Based Automation Market by Distribution Channel
11.3.7.6.4 Rest of Asia-Pacific PC-Based Automation Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa PC-Based Automation Market Overview
11.4.2 Middle East and Africa PC-Based Automation Market Forecasts and Analysis
11.4.3 Middle East and Africa PC-Based Automation Market Forecasts and Analysis - By Offering
11.4.4 Middle East and Africa PC-Based Automation Market Forecasts and Analysis - By Product
11.4.5 Middle East and Africa PC-Based Automation Market Forecasts and Analysis - By Distribution Channel
11.4.6 Middle East and Africa PC-Based Automation Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa PC-Based Automation Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa PC-Based Automation Market
11.4.7.1.1 South Africa PC-Based Automation Market by Offering
11.4.7.1.2 South Africa PC-Based Automation Market by Product
11.4.7.1.3 South Africa PC-Based Automation Market by Distribution Channel
11.4.7.1.4 South Africa PC-Based Automation Market by Industry Vertical
11.4.7.2 Saudi Arabia PC-Based Automation Market
11.4.7.2.1 Saudi Arabia PC-Based Automation Market by Offering
11.4.7.2.2 Saudi Arabia PC-Based Automation Market by Product
11.4.7.2.3 Saudi Arabia PC-Based Automation Market by Distribution Channel
11.4.7.2.4 Saudi Arabia PC-Based Automation Market by Industry Vertical
11.4.7.3 U.A.E PC-Based Automation Market
11.4.7.3.1 U.A.E PC-Based Automation Market by Offering
11.4.7.3.2 U.A.E PC-Based Automation Market by Product
11.4.7.3.3 U.A.E PC-Based Automation Market by Distribution Channel
11.4.7.3.4 U.A.E PC-Based Automation Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa PC-Based Automation Market
11.4.7.4.1 Rest of Middle East and Africa PC-Based Automation Market by Offering
11.4.7.4.2 Rest of Middle East and Africa PC-Based Automation Market by Product
11.4.7.4.3 Rest of Middle East and Africa PC-Based Automation Market by Distribution Channel
11.4.7.4.4 Rest of Middle East and Africa PC-Based Automation Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America PC-Based Automation Market Overview
11.5.2 South and Central America PC-Based Automation Market Forecasts and Analysis
11.5.3 South and Central America PC-Based Automation Market Forecasts and Analysis - By Offering
11.5.4 South and Central America PC-Based Automation Market Forecasts and Analysis - By Product
11.5.5 South and Central America PC-Based Automation Market Forecasts and Analysis - By Distribution Channel
11.5.6 South and Central America PC-Based Automation Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America PC-Based Automation Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil PC-Based Automation Market
11.5.7.1.1 Brazil PC-Based Automation Market by Offering
11.5.7.1.2 Brazil PC-Based Automation Market by Product
11.5.7.1.3 Brazil PC-Based Automation Market by Distribution Channel
11.5.7.1.4 Brazil PC-Based Automation Market by Industry Vertical
11.5.7.2 Argentina PC-Based Automation Market
11.5.7.2.1 Argentina PC-Based Automation Market by Offering
11.5.7.2.2 Argentina PC-Based Automation Market by Product
11.5.7.2.3 Argentina PC-Based Automation Market by Distribution Channel
11.5.7.2.4 Argentina PC-Based Automation Market by Industry Vertical
11.5.7.3 Rest of South and Central America PC-Based Automation Market
11.5.7.3.1 Rest of South and Central America PC-Based Automation Market by Offering
11.5.7.3.2 Rest of South and Central America PC-Based Automation Market by Product
11.5.7.3.3 Rest of South and Central America PC-Based Automation Market by Distribution Channel
11.5.7.3.4 Rest of South and Central America PC-Based Automation Market by Industry Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PC-BASED AUTOMATION MARKET, KEY COMPANY PROFILES
13.1. ABB
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ADVANTECH CO., LTD.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. EMERSON ELECTRIC CO
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GENERAL ELECTRIC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HONEYWELL INTERNATIONAL INC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. IDEC CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. OMRON CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ROCKWELL AUTOMATION, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SCHNEIDER ELECTRIC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SIEMENS
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ABB
2. Advantech Co., Ltd.
3. Emerson Electric Co
4. General Electric
5. Honeywell International Inc
6. IDEC Corporation
7. OMRON Corporation
8. Rockwell Automation, Inc.
9. Schneider Electric
10. Siemens
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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