The global process automation market is driven by the growing emphasis on increasing productivity and removing hazardous manual tasks. Strong demand for productivity via automation and the development of advanced technologies in the forecast period is expected to drive the market in the next five years. The process automation market is driven by operational efficiency, robust growth of SMEs, preference towards the Internet of Things (IoT) and cloud-based automation, and rising demand for smart factories. Mass customization, supply chain synchronization, systems integration, rising R&D and innovation in artificial intelligence, and advancement in the M2M communication technology are the major growth drivers of the market.

The global process automation market attained a value of nearly USD 167.2 billion in 2020. It is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 6.6%. The industry is projected to reach a volume of around USD 245.3 billion by 2026.

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The major drivers of the industry, such as rising disposable incomes, increasing population, rising urbanization, growing innovations, and increasing preference for the Internet of Things and cloud-based automation, are driving the growth of the industry globally.

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The half-day conference will focus on the latest transformations in the field of Process Automation and Instrumentation and will bring together top industry experts to discuss practical case studies, best practices, and challenging examples of global implementation of automation in various industries. Leading professionals from global brands will be in attendance to share their experiences and discuss the ethical, technical, and strategic challenges of IPA development and applications.

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Topics covered in the conference:

• Process Automation Trends

• Futuristic Instrumentation