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 Need for information visibility in the system, upgrading the outdated technologies and providing cost-effective solutions are some effective strategies adopted by the players of the control room solutions market.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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According to TechSci Research Report 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.