LONDON -
- Frost & Sullivan to Host Analyst Briefing on Automation Services Market during Recession, on Wednesday, 9 September 2009, at 16.00 BST
Economic recession has trampled the growth of major control systems and automation products. However, automation services are expected to offer avenues of sustained growth. Increased investments will likely trigger the growth of maintenance services across all process industries. Furthermore, legal and regulatory issues across chemical, food and pharmaceutical industries are expected to drive the need for consulting services. Automation suppliers will have to strategically re-align their offerings in order to capitalize on services market opportunities.
(Logo: www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
“Automation components such as Distributed Control System (DCS) and Manufacturing Execution Systems (MES) earn more than 50 percent of their total product revenue from services components alone. Increased usage of these devices across major process industries provides abundant opportunities for growth,” states Khadambari Shangabaraman, Research Analyst for Industrial Automation & Process Control Group at Frost & Sullivan.
Frost & Sullivan is pleased to announce its 2009 quarterly Analyst Briefing presentation on the Automation Services Market during Recession. The briefing will be held on Wednesday, 9 September 2009, at 16.00 BST.
The briefing will highlight the impact of global economic recession on different automation components and identify the pressing need for suppliers to concentrate on services components to sustain growth. It provides various drivers that catalyse services adoption as well as barriers to growth across the process industries. Recommendations are also provided on how suppliers can leverage their automation expertise to fulfill end user needs.
This briefing will benefit automation suppliers; automation service providers, distributors, system integrators, Engineering and Procurement Construction contractors (EPCs), main automation contractors, and also main instrumentation vendors.
To participate in the briefing, please email Joanna Lewandowska at joanna.lewandowska@frost.com with the following information: your full name, company name, title, telephone number, e-mail, address, city, state and country. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 35 offices on six continents. To join our Growth Partnership, please visit www.frost.com.
CONTACT: Joanna Lewandowska Corporate Communications P: +48-22-390-41-46 E: joanna.lewandowska@frost.com www.frost.com
Source: Frost & Sullivan
Joanna Lewandowska, Corporate Communications of Frost & Sullivan, +48-22-390-41-46, joanna.lewandowska at frost.com; Photo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO
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