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Process Automation Market to Show Strong Growth with Forecast 2028

Process Automation Market to Show Strong Growth with Forecast 2028

Submitted by • April 21, 2020 www.quincemarketinsights.com

The Global Process Automation Market is expected to grow from USD 87.98 billion in 2019, to USD 152.99 billion by 2028, growing at a CAGR of 6.4 % during the forecast period. Owing to the integration of the digital and physical aspects of manufacturing, the automation sector has been revolutionized to deliver optimum productivity. Furthermore, the focus on attaining zero-waste manufacturing and shorter manufacturing time, have augmented the process automation market growth during the forecast period.
Many industries are using legacy equipment that cannot be linked to IP networks, which significantly restricts the implementation of IoT solutions. On the other hand, the country's networks do not provide the low latency required for successful functioning of these systems.

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