Re: Why is the Automation market declining?
Oct 14, 2001 8:29 am, by Faiz M Bhutta Intech Process Automation
Text :
Yes, I read the article at JimPinto address. We have to see the factors causing market change
1.Globalization of markets causing highly volatile environment for market forces
2.customers have limitless choice because of internet access to websites
3.shorter product life cycle because of fastly changing technologies & needs
4.Easy and low cost access to markets and information because of fastly developing web technology and netwroking/communication tools.
5.cost and efficiency a prime concern
6. continous restructuring to improve efficiency
7. Contingency management theories devoid of human element

All above factors are instumental in causing change in the market which does not mean that autoamtion market is declining. Yes, it is true that above factors are casing decline in marginal profits but market expnasion and growth creates more avenues for business.

Will it stay. Yes, it will stay till the market forces balance. It is matter of supply and demand. Old forces will die and new forces will emerge and I think that this process will continue till 2010 and marginal profits can be increased if the asian markets be provided impetus to grow quickly.
Faiz M Bhutta

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