Industrial Services Market Analysis

Service Type Segment Analysis

By the end of 2035, the installation services segment is expected to grow with the largest revenue share of 36.5% in the industrial services market. The growth is mainly propelled by industries deploying new automated and digital systems, requiring expert setup, calibration, and integration of advanced equipment. In September 2025, GlobalLogic, in collaboration with Ericsson, reported that it had deployed a private 5G network at Hitachi Rail’s digital factory in Hagerstown, Maryland, serving as the backbone for advanced automation and smart manufacturing. Besides, this installation enabled real-time operations such as predictive maintenance, digital twins, AI-powered inspections, and IoT-driven material transport by requiring expert setup, integration, and calibration of cutting-edge systems. Hence, this project exemplifies that the prominence of industrial services, particularly installation services, is driving efficiency, safety, and digital transformation in modern factories.

Application Segment Analysis

The manufacturing execution system is expected to attain a considerable share in the market during the forecast period. Manufacturers are opting for digital production management systems to optimize workflow, track real-time data, and integrate with advanced analytics, positioning the segment at the forefront to generate revenue in this sector. In December 2024, Sumitomo Rubber Industries announced the deployment of a manufacturing execution system platform from Rockwell Automation at its Shirakawa Factory, Japan. It also notes that this MES will integrate production data, quality metrics, and forecasts with the company’s ERP system, enabling standardized, real-time management across global manufacturing sites. Moreover, this initiative is part of Sumitomo’s broader digital transformation strategy to enhance operational efficiency, accelerate decision-making, and optimize factory operations across the world, hence denoting a wider segment scope.

Technology Used Segment Analysis

The cloud computing segment based on technology used is anticipated to gain a significant revenue stake in the market during the forecast duration. The cloud-based industrial services are relied upon to optimize uptime and system performance.  Most of the manufacturers and utilities are dependent upon cloud platforms to centralize operational data, integrate IoT devices, and support remote diagnostics. Cloud-based solutions also facilitate scalable and flexible IT infrastructure, reducing the need for heavy on-premise investments by ensuring high system reliability. In addition, cloud computing enhances collaboration across multiple sites, thereby enabling consistent performance tracking and process optimization. Furthermore, government and enterprise initiatives emphasize digital transformation and Industry 4.0 adoption, accelerating demand for cloud-based industrial services.

Our in-depth analysis of the global market includes the following segments: