Dublin, July 18, 2024 (GLOBE NEWSWIRE) -- The "Virtualization in Industrial Automation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Virtualization in Industrial Automation was valued at an estimated US$1.9 Billion in 2023 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 2.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Significant trends in the virtualization in industrial automation market include the rising use of edge computing, which brings computing resources closer to industrial devices, thereby reducing latency and enhancing data processing capabilities. The integration of artificial intelligence (AI) and machine learning with virtualized environments is also on the rise, improving predictive maintenance and process optimization, and making industrial operations smarter and more efficient. Cybersecurity is becoming increasingly important, with enhanced measures being developed to protect virtualized industrial systems from threats.
The adoption of hybrid cloud solutions, which blend on-premises infrastructure with public and private clouds, is growing due to the need for seamless integration and management. Efforts to improve interoperability and standardization in virtualization technologies are making it easier to integrate different systems and vendors. Furthermore, the expansion of virtual training and simulation environments offers cost-effective and risk-free training options. These trends are driving the ongoing evolution and growth of the virtualization in industrial automation market, ensuring its continued importance and development.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Process Industry End-Use segment, which is expected to reach US$1.3 Billion by 2030 with a CAGR of a 2.7%. The Discrete Industry End-Use segment is also set to grow at 2.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $510.4 Million in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $440.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cisco Systems, Inc., Citrix Systems, Inc., Honeywell International, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 177 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.9 Billion |
| Forecasted Market Value (USD) by 2030 | $2.2 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Virtualization in Industrial Automation - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Industrial Automation Needs Propel Demand for Scalable Solutions
- Advances in Virtualization Technology Propel Growth and Innovation
- Increasing Demand for Cost Efficiency Expands Addressable Market Opportunity
- Integration with IIoT Platforms Drives Adoption and Enhances Capabilities
- Rising Need for High Availability and Disaster Recovery Generates Demand
- Scalability and Flexibility of Virtualized Environments Sustain Growth
- Enhanced Security Features Strengthen Business Case for Virtualization Solutions
- Growing Adoption of Edge Computing Spurs Real-time Data Processing
- Cloud-based Virtualization Solutions Accelerate Market Expansion
- AI and Machine Learning Integration Throws the Spotlight on Predictive Maintenance
- Expansion of Virtual Training and Simulation Generates New Opportunities
- Cybersecurity Innovations Addressing Threats and Challenges Drive Market Confidence
- Virtualization in Industrial Automation Expands Addressable Market for Legacy Systems
- Innovations in Hypervisor Technology Propel Virtualization Capabilities
- Emphasis on Disaster Recovery Solutions Sustains Market Growth
FOCUS ON SELECT PLAYERS(Total 39 Featured)
- Cisco Systems, Inc.
- Citrix Systems, Inc.
- Honeywell International, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Pepperl + Fuchs Vertrieb Deutschland GmbH
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Snow Software AB
- SolarWinds Worldwide LLC
- Stratus Technologies, Inc.
- TTech Industrial Automation AG
- Vmware, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4fsq1b
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
