Control Room Solutions Market Forecast Analysis up to 2020 – 2030

Posted by Dinesh on April 19th, 2021

Market Players Focus on Improving Operator Comfort and Integrating New Technologies to Boost Efficiency

Control room solutions are essential to maintain operational efficiency and administer an array of information streams to improve the process of mission-critical decision-making. As the trend of digitalization gradually sets its foot in several industrial domains, management of multiple content sources and applications has become a requisite– a major factor that is expected to drive the growth of the global control room solutions market during the assessment period (2020-2030). At present, players involved in the current control room solutions market landscape are increasingly focusing on offering improved and cost-effective system management solutions to their customers, while simultaneously working toward attaining optimum operator comfort.

Control room solutions are extensively used for several applications, including decision-making, monitoring, controlling, collaborating, and communicating. Government as well as the commercial sector are the primary customers of the participants operating in the control room solutions market.

In the current scenario, control room solutions are increasingly being utilized by a host of end users in the commercial sector, including retail, healthcare, food & beverages, hospitality, power plants, manufacturing, and media & entertainment. Advancements in technology are expected to play the role of a catalyst in the modernization of the control room solutions of the future.

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Industry 4.0 and Entry of IoT to Boost Demand for Control Room Solutions

Technological advancements are set to play a key role in driving the overall growth of the global control room solutions market. The Internet revolution over the span of the last couple of decades and high demand for digital services across the world have opened up several untapped avenues in the field of data analytics.

However, with the entry of novel technologies driven by AI, such as the Internet of Things, the control room solutions market is set to step into a new era of powerful IoT analytics and improved connectivity. Due to the exponential surge in the bandwidth of both mobile as well as fixed connectivity along with growing investments in 4G and 5G technologies, control room solutions, particularly the emergency service network segment is expected to witness considerable growth during the assessment period.

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Several companies across various industrial sectors are transforming control rooms into operation hubs and the trend is expected to gain further momentum over the course of the forecast period– a factor that is likely to propel the expansion of the control room solutions market. In addition, as businesses evolve in sync with new technologies, the demand for control room solutions is on the rise.

Improved processor ability, advancements in Ethernet, and the Internet are some of the other driving factors that are likely to influence the development of the HMI technology in the upcoming years. Access to data across multiple sources, along with transition from hardware devices to electronic terminals have also played an imperative role in the boosting the growth of the global control room solutions market in the past few years– a trend that is expected to continue over the forthcoming decade.

Control Room Activities Rise amid COVID-19 Pandemic

The ongoing COVID-19 pandemic is expected to have a strong influence on the global control room solutions market, particularly in 2020. As governments across the world enforce stringent lockdown measures to curb the spread of the novel coronavirus, municipalities and government authorities around the world continue to set up makeshift control rooms to improve the management of the current situation.

Evolving Trends in Control Room Designs to Aid Market Growth

Over the past decade, functionalities of control room solutions have evolved at a rapid pace due to consistent progress in the human-machine interface sphere. In addition, due to consistent advancements in technology coupled with growing awareness pertaining to the aesthetic importance of control rooms to optimize efficiency, several companies around the world are investing resources to optimize and streamline control room designs to attain the required objectives.

Control Room Solutions Market: Overview

• The global control room solutions market is expected to expand at a CAGR of ~7% during the forecast period, primarily driven by growing adoption of Industry 4.0 and utilization of VR in control room
• The control room solutions market is expected to be valued at US$ 29.2 Bn in 2020 and reach US$ 58.2 Bn by 2030     
• In terms of component, the infrastructure segment is anticipated to account for notable share as compared to the other components of the control room solutions market  
• In the infrastructure segment, video walls is set to dominate the market during the forecast period. Additionally, video walls & controllers is likely to remain the fastest growing segment during the forecast period.

North America Control Room Solutions Market Snapshot

• Key countries that significantly contribute to the growth of the control room solutions market in North America are the U.S., Canada, and Mexico. The U.S. witnesses higher spending on IT industry than other countries worldwide.
• Spending on digitization of operational facilities in the country is also considerably high. This results in increasing adoption of advanced technologies such as AR/ML, and AR/VR in the country, thereby driving the control room solutions market in the U.S.

Key Drivers of Control Room Solutions Market

• Growing Adoption of Industry 4.0: Industrial automation is the use of control systems, for instance, PCs or robots, and information advancements to deal with different methods and mechanical assemblies in the industry to replace a person. The improved technology helps to complete the work in less time, which, in turn, helps manufacturers to be more efficient and productive. Digitalization, Artificial Intelligence/Machine Learning, Big Data, and Internet of Things (IoT) are some of the best examples of rapidly growing areas of technology to improve operational processes, likely to be operated in the future. Artificial Intelligence/Machine Learning, IoT, and Big Data analytics makes it possible to form a data-driven improvement program for operators and helps the operators to take the right decisions at the right time.

Consequently, growing adoption of Industry 4.0 is driving the growth of the control room solutions market worldwide.

• Utilization of VR in Control Room Validation: Industries such as media & entertainment and healthcare are at the forefront of adopting virtual reality compared to other end-use sectors. With the current advancement in technology in virtual reality, the expectations of end users is increasing in order to experience virtual surroundings to improve their operational activities. Virtual Reality (VR) based-systems help to design control rooms and create visualized immersive environments.

Key Restraints of Control Room Solutions Market

• Lack of Trained Professionals: One of the major restrains of the control room solutions market is the lack of trained professionals. The industry relies on the skills of older workers and the service quality may decrease during the forecast period 2020 – 2030. The industry is facing challenges such as shortage of talent with right competencies, lack of trainers, and shortage of labor. Therefore, lack of trained professionals is expected to hamper the growth of the market.