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Industrial Automation Vendors Consolidate Their Product Portfolios to Generate New Revenue Streams
"The advent of is disrupting the partnership ecosystem in industrial automation, with start-ups and ( ) partnering with automation vendors to develop digital capabilities and solutions," said . "Automation vendors will aim to standardize their portfolios through M&As and partnerships, and drive growth in their respective business segments. The consolidation of their IIoT portfolios will result in the upselling and cross-selling of automation solutions and create fresh revenue streams."
Frost & Sullivan's recent analysis, , highlights the IIoT platform offerings of major automation companies and compares their products and services. It underlines the role of start-ups with niche capabilities in operational and information technologies in 2017. The analysis also details the market landscape of the key participants in process automation, hybrid automation, and discrete automation markets.
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"As the North American and European markets are in the midst of a downturn, vendors are focusing on the developing economies of Asia-Pacific , Africa , and Latin America . Not only do these regions have a high number of greenfield projects, but they also enjoy significant government support," noted Karthikeyan. "More than 40 percent of the end users in these markets are small- and medium-sized enterprises encouraging vendors to deliver cost-effective products and educate them on the value of IIoT-ready solutions in process optimization and control."
In addition to maximizing market expansion opportunities, proactive automation vendors will also explore opportunities in:
is part of Frost & Sullivan's global Industrial Automation & Process Control Growth Partnership Service program.
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