Global Business Services Market (2020 to 2025)

Dublin, January 11, 2021 (GLOBE NEWSWIRE) – The “Business Services Market with COVID-19 Impact by Type (Engineering & Consulting, Installation & Commissioning, Development & Operational Maintenance), Demand (MES, Motors & Drives , DCS, Added to HMI (PLC) report, Industry, and Department – World Forecast to 2025 ” ResearchAndMarkets.com’s offering.

The global industrial services market is expected to be valued at USD 33.6 billion in 2020 and is expected to reach USD 44.1 billion by 2025, at a CAGR of 5.6% between 2020 and 2025.

The growth of the business services market is due to the growing need for operational excellence, a growing demand for maintenance as a service, and the increasing complexity of equipment. Operational excellence is one of the key factors that help business players to achieve the best performance in the production process.

The market for operational development & maintenance services will grow at a higher CAGR in the forecast period.

The operational development and maintenance services department includes ad-hoc and emergency maintenance, scheduled maintenance, and forecast maintenance. These services help process and segregate businesses to avoid unexpected cracks and improve the life of equipment and systems. Operational development and maintenance services use an integrated approach that combines both organizational and technical solutions to strengthen plant operational efficiency. These factors are due to higher growth in operational development & maintenance services over the expected period.

The market for the food & beverage industry will grow at the highest CAGR over the forecast period.

There is a strong demand for processed foods from emerging markets due to the growing population and increasing food consumption around the world. In addition to raising costs, the food and beverage industry faces other challenges such as regulatory compliance, global supply chain management, product quality, and continuous process development. These challenges are overcome by using SCADA, PLC, DCS, and MES systems to increase productivity, save resources, and reduce downtime, as well as adhere to regulatory compliance.

APAC at CAGR is expected to grow higher over the forecast period.

APAC is expected to be the fastest growing market for the business services market. APAC is considered one of the fastest growing economies. Countries in this region focus on large-scale industrial manufacturing and, as such, almost every major company worldwide has a large number of manufacturing plants. Countries such as China, India, Japan, South Korea, Australia and Indonesia are rapidly expanding manufacturing output. China is considered one of the largest manufacturing countries in the world, thus driving the manufacturing sector in APAC. Various multinational companies have established their manufacturing plants in APAC and are adopting higher safety standards leading to increased demand for business services. However, as a result of the introduction of COVID-19, various companies in APAC saw a decline in demand for business services.

Key topics covered:

1 Introduction

2 Research Methodology

3 Executive Minutes
3.1 Ro-COVID-19
3.2 Real-world setting
3.3 Difficult Situation
3.4 Optimistic position

4 Premium Insights
4.1 Attractive market opportunities in the overall business services market
4.2 Business Services Market, by Type
4.3 Business Services Market, By Demand
4.4 Geographical Analysis of the Business Services Market

5 Market outlook
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Fiscal Policy Measures Taken by Regional Financial Institutions to Maintain Manufacturing Facilities in the Middle of an Emergency COVID-19
5.2.1.2 Growing Need for Operational Excellence
5.2.1.3 Increasing demand for maintenance-as-a-service
5.2.1.4 Increasing the complexity of equipment
5.2.2 Barriers
5.2.2.1 Different compliance across departments
5.2.2.2 Lack of skilled personnel
5.2.3 Opportunities
5.2.3.1 Predictive maintenance services
5.2.3.2 Business Service Provider Collaboration with OEMs
5.2.4 Challenges
5.2.4.1 Supply chain disruption due to COVID-19 pandemic
5.2.4.2 Demand for Integration of Services
5.3 Value chain analysis
5.4 Patent Analysis
5.5 Technology Review
5.6 Case Study
5.6.1 Use Case 1: Enel Green Energy SPA
5.6.2 Use Case 2: Siemens
5.7 Ecosystem
5.8 Business Safety Standards & Regulations
5.8.1 Process Industry
5.8.1.1 I Ec 61508
5.8.1.2 I Ec 61511
5.8.2 Machine
5.8.2.1 Iec 62061

6 Business Services Market, by Type
6.1 Introduction
6.2 Engineering & Consulting
6.2.1 System configuration
6.2.1.1 Business service providers help end users select an appropriate configuration of automation equipment and systems
6.2.2 Compliance
6.2.2.1 Increasing compliance and the need for a safe working environment in businesses leading to widespread adoption of business services
6.2.3 Infrastructure Review
6.2.3.1 Research Reports assist Presales in considering automation systems such as Dsc, Scada, and Mes
6.3 Installation & Commissioning
6.3.1 Training
6.3.1.1 A Training Service is an integral part of establishing business systems
6.3.2 Test & Certification
6.3.2.1 Certification Services helps to demonstrate compliance with national or international standards
6.4 Development & Operation
6.4.1 Ad-Hoc and emergency maintenance
6.4.1.1 Ad-Hoc and Emergency Maintenance Services help end users reduce unplanned downtime
6.4.2 Scheduled maintenance
6.4.2.1 Scheduled maintenance services provide up-to-date maintenance of tools, software and equipment
6.4.3 Mechanical
6.4.3.1 Electric motors and drivers require mechanical services throughout their lives
6.4.4 Maintenance
6.4.4.1 Predictive maintenance services are used to improve the reliability and life of machines

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