Monday 28 February 2022

Industrial 3D Printing Market Size Global Forecast to 2026 | MarketsandMarkets

The industrial 3D printing market is projected to grow from USD 2.1 billion in 2021 to USD 5.2 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2026.

Industrial 3D printing technology is transforming from prototyping to high-volume production. Mass production using 3D printing can significantly reduce time to market by eliminating traditional tooling methods and cutting lead times on prototypes and end-use parts. The industrial 3D printing market has been segmented based on offering, process, technology, application, industry, and geography. These market segments are further analyzed on the basis of market trends across the four regions considered in this study.

Driver: Increased focus on high-volume production using 3D printing

Industrial 3D printing technology is transforming from prototyping to high-volume production. Currently, 3D printing is considered a suitable technology for low- to mid-volume production. However, opportunities for high-volume production with 3D printing are expected to emerge in the future. High-volume additive manufacturing (AM) refers to the use of 3D printing systems and processes for production at volumes less than 1 million units. The advantage of high-volume AM is its ability to support a large mix of products. By eliminating tooling, a single 3D printing system and the process can create numerous products of different designs in a batch. In highly competitive industries, time to market is a deciding factor determining a brand’s success. Mass production using 3D printing can significantly reduce time to market by eliminating traditional tooling methods and cutting lead times on prototypes and end-use parts.

Restraint: High capital requirement for additive manufacturing

Buying an industrial 3D printer can be a high capital expense for a company all on its own. For instance, a Metal FDM printer costs around USD 100,000, whereas an SLM printer costs ~USD 200,000. Additionally, it often involves investments in hiring staff to set up software, provide maintenance, and purchase and install materials. Fixed costs such as the costs associated with 3D printers, service contracts, installation, and maintenance together add to the total equipment ownership cost. These expenses arise regardless of whether the 3D printer is idle or produces dozens of parts a week. In addition, raw 3D printing materials and other consumables required to create parts are available at varying prices. Powdered metals used in 3D printers can be expensive and cost-prohibitive, especially when used to manufacture large items. Besides, an additive manufacturing setup may require reconfiguration of overall operations. Another point of concern for end users is the cost associated with pre- and post-processing of 3D-printed items. Post-processing workflows vary based on the 3D printing process, but in most cases include cleaning of parts and removal of supports or excess materials. For instance, FDM parts require lengthy manual post-processing to improve the quality and remove layer lines.

Opportunity: Smart manufacturing with Industry 4.0

The 3D printer is a vital part of Industry 4.0. Leading corporates and consultants worldwide are making substantial investments in gaining 3D printing knowledge and enhancing capabilities to advise and join their clients in the Industry 4.0 trend and revolutionize supply chains, product portfolios, and business models. A few important factors that are fueling the adoption rate of industrial 3D printers are printing speed, quality, safety, low environmental impact, and advancements in related software. In the industrial sector, many manufacturing companies are set to benefit by adopting 3D printing technology at the earliest.

3D printing and Industry 4.0 are being promoted through several initiatives worldwide. DFactory BCN is one such initiative undertaken by the Consorci de la Zona Franca de Barcelona (CZFB) organization with the aim to become the largest Industry 4.0 hub in southern Europe. Additionally, the facilities of the 3D Factory Incubator, Europe’s first high-tech incubator in 3D printing, has more than 50 companies specializing in AM. Project DIAMOnD in Michigan, US, seeks to help bring manufacturing into the revolution of Industry 4.0. The maturity of the technology, wide range of possibilities offered by 3D printing, and high emphasis by institutions are expected to establish additive manufacturing as a leading technology in multiple industries in the future.

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Challenge: Adverse impact of large-scale 3D printing on environment

Plastic filament is a widely used material for 3D printing. While it is relatively inexpensive, its byproduct ends up in landfills. The widespread use of 3D printing can lead to a significant release of byproducts, which can affect the environment. Another issue regarding 3D printing is energy use. 3D printers consume about 50–100 times more electrical energy than traditional injection molding when making an item of the same weight. Laser direct metal deposition, on the other hand, uses more than 100 times the electricity as traditional foundry machines. 3D printers for industrial applications must be equipped with exhaust ventilation or filtration accessories and be used in an adequately ventilated environment.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

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Northbrook, IL 60062

USA: 1-888-600-6441

Monday 21 February 2022

Semiconductor IP Market Size, Share and Trends Forecast to 2026 | MarketsandMarkets

 

The global semiconductor IP market is expected to grow from USD 5.5 billion in 2021 to USD 7.2 billion by 2026, at a CAGR of 5.4%.

Increasing the advancements for multicore technology across various sectors as well as rising demand for modern SoC (system on chip) designs for different applications are the primary factors driving the market growth. Moreover, growing adoption of semiconductor IPs in consumer electronics, telecommunications & data center as well as automotive verticals will drive the demand for this technology in the near future.

Driver: Advancements in multicore technology for consumer electronics vertical

The consumer electronics industry offers immense growth opportunities for the players operating in the semiconductor and semiconductor IP markets. The semiconductor industry’s growth is highly dependent on the sales of consumer electronics, such as smartphones, tablets, and memory as well as processor  products, as ICs and SoCs are being increasingly used in their manufacturing. The market for multicore processors is growing rapidly due to the advancements in personal computing for consumer electronics and the emergence of octa-core processors for smartphones. The growth of the multicore processor market is expected to create lucrative opportunities for the semiconductor IP market in the future. Presently, most portable consumer electronics operate on multicore (dual-core or quad-core) processors. These processors are helping companies to be competitive in the consumer electronics market by exhibiting fast, efficient, and error-free performance.

Restraint: Constant technological changes

Technology is an ever-changing concept, especially in the semiconductor industry. In each leap, new technologies would enter the market and break the equilibrium. The same applies to the IC industry, where process nodes play a vital role. Changes in the nodes of a semiconductor chip can change design complexity, chip form factor, and IP core design architecture. The most common task in advanced SoC design is the effective implementation of these SoC chips in advanced technologies, such as 20 nm planar and FinFET processes. The adoption of advanced technology nodes increases design costs for IP vendors, while payments for licensing the IP suitable as per the new technology node may not match up to the rise in expenditure.

Opportunity: Rising demand for advanced semiconductor components in automotive and telecommunications & data center verticals

The companies in the automotive and telecommunications & data center verticals rely on highly sophisticated, complex electronic systems. In these industries, the demand for electronic and semiconductor components is rising, which has created the need for an innovative design solution for chip manufacturing. The applications of microprocessor units (MPUs), microcontroller units (MCUs), sensors, analog integrated circuits (ICs), interfaces, and memory are increasing in autonomous and premium cars. With the growing significance of connected cars, vehicle connectivity, and electronic mobility, the demand for small gadgets with high functionality and performance improvements is expected to rise in the automotive industry, which will create an opportunistic environment for the players operating in the semiconductor IP market.

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Challenge: IP thefts, counterfeits, and conflicts

IP counterfeiting, particularly the development of counterfeit components and system-level designs of IP cores, is the major threat for the current business models followed worldwide. Static random-access memory (static RAM or SRAM) FPGAs are most vulnerable to IP thefts and frequently fail to offer full functionality. However, nonvolatile flash and anti-fuse FPGAs are more secure against IP thefts than ASIC technologies, which are expected to substitute ASIC technologies. To resist IP thefts, industry experts recommend using nonvolatile flash and anti-fuse FPGAs.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Monday 14 February 2022

Optical Sorter Market Size Share Forecast to 2027 | MarketsandMarkets

 

The optical sorter market is projected to grow USD 2.6 billion in 2022 to USD 4.1 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.9% from 2022 to 2027. The market has a promising growth potential due to several driving factors including, growing focus on automation to increase productivity in various industries, increasing adoption in the food industry for food processing activities and for reducing process and delivery time; increase in wages of the manual workforce in various countries; and stringent government regulations regarding food safety. All these factors plays a key role in driving the growth of the optical sorter market.

The camera type optical sorters to dominate the market during the forecast period

Camera type optical sorters are expected to dominate the optical sorter market throughout the forecast period. It is further expected to grow at a significant rate during the forecast period. Camera-based optical sorters are more accurate and can detect minute defects in products; therefore, these optical sorters are preferred in various applications such as food and recycling. The camera sorting machines are the most ideal and cost-effective optical food sorting machines in the quick-frozen vegetable and fruit processing industry. The TOMRA’s (Norway) Blizzard, a free fall optical sorting machine is an example of a camera-based optical sorting machine with pulsed LED technology that is used for sorting frozen vegetables and fruits. Further, the RGB full-color series cameras are ideal for multi-color applications or minor shade variations. As a result, camera-based sorters are an ideal platform and series of sorters for detecting and sorting/separating by subtle shade and color differences, speck defects, foreign material, insect damage, mold, decaying product, and so on.

The market for hyperspectral cameras & combined sorters to grow at fastest CAGR during the forecast period

The market for hyperspectral cameras & combined sorters is expected to grow at the highest CAGR during the forecast period and account for the second-largest share of optical sorter market during 2022-2027. This technology increases FM (foreign material) and/or EVM (extraneous vegetable matter) removal, often achieving efficiency with very low false reject rates. The hyperspectral cameras are used to identify the unique fingerprint of the material. Hyperspectral imaging (HSI) has been used in a variety of applications and industries, including the detection of rock minerals from airborne images and the detection of foreign materials in food processing. For quality inspection, hyperspectral imaging is gradually becoming a viable alternative or supplement to X-rays, RGB cameras, and 3D models. Combined sorters, on the other hand, combine a variety of sorting technologies to achieve optimal sorting quality. TOMRA 3C freefall optical sorter by TOMRA (Norway), for example, employs a high-resolution camera and dual laser units.

The camera type segment is expected to dominate the optical sorter market from 2022 to 2027

The camera type segment is further expected to dominate the optical sorter market for hybrid platform throughout the forecast period and grow at a significant rate between 2022 and 2027. The 360ยบ vision cameras allow for an easy and effective inspection of every part of the subject under consideration. Furthermore, infrared cameras provide the most effective identification of colors in food application, while the latest smart digital color cameras provide exceptional defect identification accuracy. This is the main reason for the domination of food application in the optical sorter market for hybrid platform throughout the forecast period. The cameras are capable of accurately classifying the various qualities of each fruit, ensuring a precise division of the various quality characteristics of every type and variety of fruit.

Optical sorter market in North America is expected to maintain the highest share during 2022–2027

North America is expected to hold the largest share of the optical sorter market throughout the forecast period. North America is the leading regions in the optical sorter market owing to the increasing popularity of the optical sorting machines in the food industry.

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This growth can be attributed to factors such as rising population, technological advancements, growing industries, strong manufacturing sectors, and overall increase in demand for automation. In North America, automated sorting is an important technology for many food processing operations. The presence of strict regulations regarding food safety is another factor driving the growth of this market. Recycling is another major application area in North America, mainly due to the focus on waste management in the US. The growth of the North American market is also driven by the existing well-established infrastructure for mining application in the region. The US is one of the countries where automation in food, recycling, and mining industries is contributing to the demand for optical sorters. Major companies such as Key Technology (US), Machinex (Canada), NATIONAL RECOVERY TECHNOLOGIES (NRT) (US), and CP Global (US) are based in North America.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Sunday 13 February 2022

Optical Sorter Market expected to reach $4.1 billion by 2027

 

According to a research report "Optical Sorter Market with COVID-19 Impact Analysis, by Type (Cameras, NIR, Lasers, Hyperspectral Cameras & Combined Sorters, Other types), Platform (Freefall, Belt, Lane, and Hybrid), Application and Geography - Global Forecast to 2027" published by MarketsandMarkets, the optical sorter market is expected to grow from USD 2.6 billion in 2022 to USD 4.1 billion by 2027.; it is expected to grow at a CAGR of 9.9% from 2022 to 2027. Growing focus on automation to increase productivity in various industries is driving the market for optical sorter. Moreover, increasing adoption in the food industry for food processing activities and for reducing process and delivery time; increase in wages of the manual workforce in various countries; and stringent government regulations regarding food safety plays a key role in driving the growth of the optical sorter market.

Food Application to hold the largest size of optical sorter market during the forecast period

The optical sorter market for food applications is expected to grow at the highest CAGR during the forecast period. The growing demand for high-quality food products within shorter delivery cycles and growing automation are major factors driving growth in the optical sorter market for food applications. The food items are considered as essentials and with disrupted supply chains due to COVID-19, the food companies are keen on adopting the automation for their food processing to meet the strong quality norms and government regulations related to food products. This will affect the investments in food processing equipment, including optical sorters. In addition, the appearance of global pandemic COVID-19 has driven an increase in the demand for healthy and sanitized food and consequently also for frozen vegetables. Product quality is critical to ensuring consumer food safety, protecting manufacturers’ reputations, and keeping packers customers satisfied.

Market for belt platform optical sorter expected to grow at fastest CAGR during the forecast period

The belt platform is expected to dominate the optical sorter market throughout the forecast period; it is further expected to grow at the highest CAGR from 2022 to 2027. Belt sorting equipment is widely used in various applications such as food, recycling, and mining, as they provide higher sorting accuracy and a low carryover ratio. Belt sorting equipment has high-performance capabilities for fresh, frozen, and dried vegetables and fruits, processed potato products, and nuts. This process minimizes the risk of food contamination further down the line and leads to improved product quality. Furthermore, it aids in the detection of minor flaws and foreign materials, improving ejection accuracy system, assisting in defect removal performance, and increasing sorter yield.

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North America expected to dominate the optical sorter market during the forecast period

North America is expected to dominate the optical sorter market throughout the forecast period while growing at a significant CAGR between 2022 and 2027. North America is one of the early adopters of automation with deployment of optical sorter in food application. The market is driven by developments in optical sorting solutions by North American companies such as Key Technology (US), Machinex (Canada), NATIONAL RECOVERY TECHNOLOGIES (NRT) (US), and CP Global (US) to list a few. These companies replenish the growing demand for optical sorting machines by integrating the new-generation optical sorters with AI-based deep learning technology, hyperspectral cameras, cost-efficient & low power consumption sorters, visual recognition, and metal detectors to analyze material streams in various industries. The large share of the optical sorter market in North America is mainly attributed to the food industry and to the presence of stringent regulations for food safety. The demand for optical sorters in food application is driven by these stringent regulations to ensure hygiene and safety with minimal human intervention.

The key players in the optical sorter market are TOMRA (Norway)Bรผhler (Switzerland)Hefei Meyer Optoelectronic Technology (China)Satake (Japan)Allgaier Werke (Germany), Key Technology (US), Binder+Co (Austria), Hefei Taihe Intelligent Technology Group (China), STEINERT (Germany), AWETA (Netherlands), Pellenc ST (France), Techik Instrument (China), Unitec (Italy), Sesotec (Germany), National Recovery Technologies (US), CP Global (US), Machinex (Canada), MAF RODA AGROBOTIC (France), NEWTEC (Denmark), Raytec Vision (Italy), Cimbria (Denmark), Daewon GSI (South Korea), Angelon (China), REDWAVE (Austria), and Elica ASM s.r.l. (Italy).

Optimum Sorting (Sweden), ZXY Technology (Taiwan), Anhui Jiexun Optoelectronic Technology Co., Ltd (Anysort) (China), Reemoon (China), Hefei Pinghao Optoelectronic Technology (China), Insort (Austria), Eagle Vizion (Canada), PICVISA (Spain), Spectrum Industries (India), Ellips (Netherlands), GREEFA (Netherlands), Fowler Westrup (India), Csort (Russia), and Van Wamel B.V. (Netherlands) are few startup and SMEs companies that cater the optical sorter market.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Friday 11 February 2022

Process Automation & Instrumentation Market Size Global Forecast to 2027 | MarketsandMarkets

 

The global process automation and instrumentation market size is expected to grow from USD 66.2 billion in 2022 to USD 86.6 billion by 2027, at a CAGR of 5.5%.

The growth of this market can be attributed to the growing importance of energy efficiency and cost optimization, increased productivity, minimized errors and better scalability; the increasing use of digital technologies such as IIoT, machine learning, and artificial intelligence; and the rising emphasis on industrial automation and optimum utilization of resources.

DRIVERS: Increasing focus of manufacturing firms on achieving cost saving and better efficiency

Industries worldwide increasingly focus on improving production efficiency and reducing operating costs to sustain in the changing global industrial environment. The efficiency of a production site is assessed by its ability to respond quickly to rapid and unexpected changes in demand, preferences, and resource availability. This can be accomplished through process automation. Instrumentation products help measure and analyze process parameters such as pressure, temperature, level, and humidity, while process automation solutions help monitor and control processes to lower rework costs, minimize inspection costs, and reduce system failures. Thus, process automation helps manufacturing firms decrease costs and increase revenue. Industries are actively adopting process automation and instrumentation solutions across their production sites to streamline industry operations, achieve enhanced productivity, and reduce labor-related costs.

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RESTRAINTS: High implementation and maintenance costs associated with process automation

Establishing a new automated manufacturing plant requires deploying the latest automation technologies such as SCADA, DCS, PLC, and HMI. One of the most significant factors limiting the growth of the process automation and instrumentation market is the need for high initial investments to set up an automated production plant. Huge capital is required to deploy automation solutions such as DCS and SCADA, as well as instrumentation devices such as process analyzers and transmitters. The installation of solutions such as DCS at an industrial site involves various stages, including system implementation, process running, data acquisition, and consultation; this subsequently increases the overall costs, thereby increasing the operating expenses of the plant owner. Furthermore, automation software solutions require frequent upgrades owing to ongoing technological advancements. It is not feasible for small businesses to bear such expenses. Thus, system installation, maintenance, and upgrade require huge capital investment, restricting market growth to a certain extent.

OPPORTUNITIES: Growing adoption of Industry 4.0 by manufacturing firms

The process automation market is expected to grow at a significant rate owing to the rising adoption of Industry 4.0 principles in manufacturing industries, including oil & gas, food & beverages, chemicals. With the adoption of Industry 4.0, most processes and systems in the manufacturing sector are automated using a variety of technologies, such as cyber-physical systems, IoT, cloud computing, which allow production units to operate efficiently 24/7 with zero human errors. It helps reduce production cycle time, achieve process efficiency, right from the raw material procurement stage to the development of the end product. Automation enhances industrial processes through improved communication and self-monitoring techniques, intelligent collection of real-time data, which analyzes and diagnoses issues without human intervention. Industry 4.0 enables improvement in operational efficiency, productivity, product quality, asset utilization, supply chain management, workplace safety, and environmental sustainability. Thus, the adoption of Industry 4.0 principles by several industries is expected to create lucrative opportunities for market players in the next few years.

CHALLENGES: Shortage of skilled personnel to operate sophisticated automation systems

Skilled resources are required to operate process automation and instrumentation solutions because of the complex processes, which can be misinterpreted and may lead to errors and faults if handled by an unskilled workforce. As artificial intelligence (AI) and the Internet of Things (IoT) are changing the nature of work, process automation will accelerate the shift in required skill sets. The demand for a skilled workforce will increase as companies seek to use IoT data to predict outcomes, optimize operations, prevent failures, develop new products, and deploy advanced analytics competencies, including artificial intelligence (AI) and machine learning (ML), in manufacturing. Process automation systems integrated with advanced technologies, such as AI and IoT, need attention and expertise while handling various scenarios. Therefore, the shortage of skilled workforce creates challenges for providers of process automation and instrumentation products.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441