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Industrial Process Automation Market Report 2023: Increasing Adoption of Industrial IoT Fuels Growth

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Dublin, May 17, 2023 (GLOBE NEWSWIRE) — The “Industrial Process Automation Market by Component, by Industry Vertical – Global Opportunity Analysis and Industry Forecast, 2023-2030” report has been added to ResearchAndMarkets.com’s offering.

The Industrial Process Automation Market size was valued at USD 58.36 billion in 2022 and is expected to reach USD 96.06 billion by 2030, at a CAGR of 5.4% during the forecast period from 2023 to 2030.

The growth of the Internet of Things (IoT) and sensor technology has led to an increase in the amount of data that can be collected from industrial processes. This data can be used to optimize and automate production processes, leading to improved efficiency and productivity, which in turn increases demand for industrial process automation solutions.

However, lack of standardization related to security issues in the industrial process automation that creates cybersecurity risks hinders the market growth. On the contrary, integration of Industry 4.0, which includes automation, artificial intelligence, IoT, and other digital technologies as companies seek to remain competitive in an increasingly digital marketplace is expected to create ample opportunities for the key players operating in the industrial process automation market during the coming decade.

Segment Overview

  • The global industrial process automation industry is segmented on the basis of components, end user, and geography.
  • Based on components, the market is bifurcated into Manufacturing Execution System (MES), Distributed Control System (DCS), Programmable Logic Control (PLC), Supervisory Control & Data Acquisition (SCADA), field instruments, industrial robots, Human Machine Interface (HMI), industrial PCS, process analyzers & drives.
  • Based on end-user, the market is classified into oil & gas, chemicals & refining, energy & power, pulp & paper, metals & mining, pharmaceuticals, cement & glass and others.
  • Region wise, the market is segmented into North America, Europe, Asia-Pacific, and RoW.

Regional Analysis

The European market holds the dominant share

Europe dominates the global industrial process automation market and is expected to remain dominant in the market throughout the forecast period. The European Union has implemented strict environmental regulations, which drive the adoption of automation technologies that can help businesses reduce waste, minimize emissions, and conserve energy.

Developments such as energy-efficient sensors and smart building systems enable businesses to reduce their environmental footprint while also enhancing their profitability. Industrial process automation can play a significant role in helping companies achieve their sustainability goals while also improving their financial performance.

Moreover, various market leaders are taking robust initiatives to revolutionize the automation processes with Industry 4.0 technologies in industries such as oil and refinery, pharmaceuticals, and energy among others. For instance, in January 2023, Schneider Electric partnered with Ryse Energy – the global leader in decentralised renewable energy systems – to design and implement a new standardised control system for improved power quality.

It enables the integration of small wind turbines with the National Grid, which could lead to increased use of renewable energy sources and a reduction in greenhouse gas emissions. This is expected to accelerate the growth of the market throughout the forecast period.

Key Market Players

The emerging and efficient key players in the industrial process automation market include the following:

  • Hitachi Ltd.
  • Siemens AG
  • Mitsubishi Electric
  • Schneider Electric
  • Honeywell International
  • ABB Ltd.
  • Toshiba Corporation
  • Emerson Electric Co.
  • Rockwell Automation
  • Omron Corporation
  • Fanuc Corporation
  • Valmet OYJ
  • Yokogawa Electric
  • Endress Hauser
  • Dwyer Instruments

Recent Developments

February 2023

Yokogawa Electric Corporation developed a new sensor called FKDPP for measuring oxygen concentration in industrial processes. The sensor offers high accuracy & stability even in harsh environments, and is expected to contribute to improved productivity and efficiency in a variety of industries.

January 2023

ABB opened a new industrial automation HQ in Mexico to serve process industries in North and South America. The move aims to expand ABB’s presence in the region and meet the growing demand for automation solutions in various industries.

December 2022

Emerson introduced a new Crosby J-Series pressure relief valve product line designed to offer reliable and efficient overpressure protection for various industries. The new product line features advanced technology, a soft-seat design for tightness and durability, and customization options for users.

July 2022

Mitsubishi Electric announced its plan to build a new factory for its factory automation control system products in Nagoya, Japan. The new facility is expected to start operating in October 2023 and help to meet the growing demand for factory automation control system products in the global market.

March 2022

Hitachi Vantara, a subsidiary of Hitachi Ltd, launched Lumada DataOps Suite, which provides data integration, orchestration, and management capabilities for enterprise & industrial control. The Lumada SuiteOps suite simplifies data management processes, offers data governance, and quality controls, and is available in both cloud-based and on-premises options.

KEY BENEFITS

  • The industrial process automation market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
  • The study comprises a deep dive analysis of the industrial process automation market trend including the current and future trends for depicting the prevalent investment pockets in the market.
  • The information related to key drivers, restraints, and opportunities and their impact on the industrial process automation market is provided in the report.
  • The competitive analysis of the market players along with their market share in the industrial process automation market is provided in the report.
  • The SWOT analysis and Porter’s Five Forces model is elaborated in the study.
  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Topics Covered:

1. Introduction

2. Industrial Process Automation Market- Executive Summary

3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics
3.2.1 Drivers
3.2.1.1. Increasing Adoption of Industrial IoT
3.2.1.2. Integration of Ar Technology and Digital Twins in Manufacturing
3.2.1.3. Government Initiatives to Promote Industrial Automation
3.2.2 Restraints
3.2.2.1. Growing Fluctuations in End-Use Industries
3.2.2.2. Lack of Standardization Processes
3.2.3 Opportunities
3.2.3.1. Industry 4.0 Revolution to Embrace Collaborations and Partnerships
3.2.3.2. Increasing Adoption of Cloud-Based Automation Solutions

4. Market Share Analysis
4.1. Market Share Analysis of Top Industrial Process Automation, 2022

5. Global Industrial Process Automation Market, by Component
5.1. Overview
5.2. Mes
5.2.1 Global Mes Market, by Component
5.2.1.1. Hardware Market, by Region
5.2.1.2. Software Market, by Region
5.2.1.3. Services Market, by Region
5.2.2 Mes Market, by Region
5.3. Dcs
5.3.1 Global Dcs Market, by Component
5.3.1.1. Hardware Market, by Region
5.3.1.2. Software Market, by Region
5.3.1.3. Services Market, by Region
5.3.2 Dcs Market, by Region
5.4. Plc
5.4.1 Global plc Market, by Component
5.4.1.1. Hardware Market, by Region
5.4.1.2. Software Market, by Region
5.4.1.3. Services Market, by Region
5.4.2 Plc Market, by Region
5.5. Scada
5.5.1 Global Scada Market, by Component
5.5.1.1. Hardware Market, by Region
5.5.1.2. Software Market, by Region
5.5.1.3. Services Market, by Region
5.5.2 Scada Market, by Region
5.6. Hmi
5.6.1 Hmi Market, by Region
5.7. Field Instruments
5.7.1 Field Instruments Market, by Region
5.8. Industrial Robots
5.8.1 Industrial Robots Market, by Region
5.9. Process Analyzers & Drives
5.9.1 Process Analyzers & Drives Market, by Region

6. Global Industrial Process Automation Market, by Enduser
6.1. Overview
6.2. Oil & Gas
6.2.1 Oil & Gas Market, by Region
6.3. Chemicals & Refining
6.3.1 Chemicals & Refining Market, by Region
6.4. Energy & Power
6.4.1 Energy & Power Market, by Region
6.5. Pulp & Paper
6.5.1 Pulp & Paper Market, by Region
6.6. Metals & Mining
6.6.1 Metals & Mining Market, by Region
6.7. Pharmaceutical
6.7.1 Pharmaceutical Market, by Region
6.8. Cement & Glass
6.8.1 Cement & Glass Market, by Region
6.9. Others
6.9.1 Others Market, by Region

7. Global Industrial Process Automation Market, by Region

8. Company Profile

A selection of companies mentioned in this report includes

  • Hitachi Ltd.
  • Siemens
  • Mitsubishi Electric Corporation
  • Schneider Electric SE
  • Honeywell International Inc
  • ABB Ltd.
  • Toshiba Corporation
  • Emerson Electric Co.
  • Rockwell Automation Inc
  • Omron Corporation
  • Fanuc Corporation
  • Valmet OYJ
  • Yokogawa Electric
  • Endress+Hauser
  • Dwyer Instruments Inc.

For more information about this report visit https://www.researchandmarkets.com/r/mtcblm

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.


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Cisco Doubles Down on Network Assurance with AWS

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News Summary: 
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.

With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey. 
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
Availability
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research

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The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.

Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players. 
Download Sample Pages: https://www.alliedmarketresearch.com/request-sample/13364
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$227.8 Million
Market Size in 2032
$1.4 Billion
CAGR
19.9 %
No. of Pages in Report
450
Segments covered
Component, Deployment Mode, Enterprise Size Industry, and Region.
Drivers
Growing demand for AI-based solutions
The rising need for intelligent business processes
Opportunities
Advancements in big data analytics.
The availability of high-performance computing systems.
Restraints
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
Buy this Complete Report (450 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/artificial-neural-network-market/purchase-options
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment. 
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue.  The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/13364
Competition Analysis:
Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int’l: +1-503-894-6022Toll Free: +1-800-792-5285UK: +44-845-528-1300India (Pune): +91-20-66346060Fax: [email protected]
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New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers

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WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.

Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
About IDBS
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
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