North America to dominate the Global Control Room Solutions Market
Increasing digitization
initiatives by leading authorities and high penetration of internet services is
driving the global control room solutions market for the forecast period.
According to TechSci Research report, “Control Room
Solutions Market - Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2016-2026”, global control room solutions market is
expected to witness significant growth for the next five years owing to the
high demand for digital solutions all over the world. Control room solutions
are crucial for decision-making process and maintain the operational efficiency
and administer the information obtained through various sources. Control room
solutions are extensively used for different purposes including decision-making,
monitoring, controlling, collaborating and for communication purpose. Organization
preference shift to change the control rooms into operation hubs is expected to
foster the market growth. Rise in business to implement latest technologies is
expected to surge the demand for control rooms. Need for information visibility
in the system, upgrading the outdated technologies and providing cost-effective
solutions are some effective strategies adopted by the players of the control
room solutions market. Due to continuous evolution of human machine interface
functionalities of control room solutions have evolved rapidly. Growing
awareness of consumers to improve the aesthetics of control rooms to improve
the efficiency and performance plethora of industries are investing huge
amounts to streamline the control room solutions. Advancements in human machine
interface and distributed control system is expected to accelerate the demand
for control room solutions around the world. Growing
adoption of Industry 4.0 and use of virtual reality in control rooms is
expected to attribute to high market demand. Industry 4.0 aids in building
cost-effective interface in the existing infrastructure to collect and
reallocate the data. It also aids in creating digital dashboards by modernizing
the communication sector which makes information accessible in real-time to
increase the performance of the control rooms. Rising demand for video walls
and controllers around the globe is expected to significantly contribute to
growth of the market. Industries such as media & entertainment as well as
healthcare industry is actively using virtual reality technology for their
operational activities. Virtual reality-based systems are generally used for
creating engaging and immersive environments in control rooms which enhances
the experience and displays the outcome in an effective way.
Due to the ongoing pandemic COVID-19, lockdown is
imposed all around the globe. Government has imposed precautionary guidelines
and safety precautions to fight the novel coronavirus. Leading authorities to
fight the virus have made makeshift control rooms to improve and streamline the
management of the pandemic. Commercial sector is expected to witness a decline
while the high demand from government is expected to create lucrative
opportunities for the control room solutions market growth.
However, lack of trained professionals may create
hindrance in the global control room solutions market growth.
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Global
control room solutions market is segmented into type, service, organization
size, application, end user, region, and company. Based on type, market is further
divided into control room design, operator workplace, touch screens & collaborative
equipment and control room furniture & equipment. Touch screens and
collaborative environment segment is expected to witness growth in the forecast
period owing to rising adoption of advanced technologies for making visually
attractive presentations and creating immersive environment in control rooms.
ABB
Ltd., Honeywell International Inc., NEC Corporation, Siemens AG, Barco NV, Data
Projections, Inc., Critical Room Solutions Pty Ltd, Evans Consoles Corporation,
Black Box Corporation, Delta Electronics, Inc., Winsted Company LLC are the
leading players operating in global control room solutions market. Service
Providers are increasingly focusing on research and development process to fuel
higher growth in the market. To meet evolving customer demand with respect to
better efficiency and durability, several control room solutions providers are
coming up with their technologically advanced offerings.
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“Key
players are increasingly focusing on developing and modernizing the control
room solutions by integrating modern technologies including artificial
intelligence, cloud computing-based decision-making control systems which is
expected to foster the global control room solutions market. Expected roll-out
of 5G technology and the exponential surge in bandwidth of mobile and internet
connectivity is expected to propel the market growth until 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Control
Room Solutions Market - Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2016-2026 Segmented By Type (Control Room Design, Operator
Workplace, Touch Screens & Collaborative Equipment, Control Room Furniture
& Equipment) By Application (Bank Control Room, Enterprise Control Room,
Meeting Room, Command Center) By Sales Channel (Service Provider, Aftermarket)
By Region” has
evaluated the future growth potential of global control room solutions market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of global control room
solutions market.
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