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The PLC software market size is estimated to grow at a CAGR of 5.82% between 2022 and 2027. The market size is forecast to increase by USD 867.32 million. The growth of the market depends on several factors, including increasing industrial automation and digitization, growing demand for efficient and flexible manufacturing processes, and advancements in software technologies and programming languages. This software enables transactions in offline, real-time, and hybrid (a combination of offline and real-time modes) modes. The PLC software accepts different payment methods, such as e-commerce transactions, contactless card transactions, and mobile-based near-field communication (NFC) transactions.
This PLC software market report extensively covers market segmentation by deployment (cloud-based and on-premise), type (ladder logic, FBD, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Increasing industrial automation and digitization is the key driver notably driving the growth of the market. Industries try to rise efficiency, production, and cost-effectiveness. Industrial control systems frequently add PLCs to automate machines and operations. Thus, automation is important. Due to the integration of cutting-edge technologies like cloud computing PLC software has raised, big data analytics, and the Internet of Things.
Moreover, PLC software plays an important role in the journey of the global industrial sector toward digital transformation since it offers the programming and logic required to manage and automate industrial processes. thus, rising industrial automation and digitization driving the growth of the market during the forecast period.
The adoption of edge computing and edge PLC software for faster processing is the primary trend notably driving the growth of the global PLC software market. Due to factors such as lower latency and faster reaction times, edge computing involves processing data closer to the source or at the network's edge. In the context of PLC software which is edge computing enables real-time data control and processing within industrial contexts, improving productivity and responsiveness. vendors can boost processing rates, minimize reliance on cloud connectivity, and support decentralized decision-making through such software which will fuel the growth of the programmable logic controller software market.
Moreover, the demand for time-sensitive applications such as critical control systems and predictive maintenance where rapid response is essential is driving this trend. Through the use of distributed computing, edge computing can help companies to streamline operations and improve efficiency and reliability. Hence, the adoption of edge computing and edge PLC software for faster processing is expected to drive the growth of the market in focus during the forecast period.
Cybersecurity concerns and the need for robust PLC software security is the major challenge for the growth of the global PLC software market. Due to cybersecurity concerns and the demand for strong PLC software security the global PLC software market faces a major challenge. Due to industrial automation and digitization progress rise in the dependence on PLC systems happens, making PLC software desirable targets for cyberattacks. PLC software issues can have serious effects, such as production loss, operational interference, and even safety risks. Programmable logic controller (PLC) software market vendors and industrial businesses must make significant investments in strong security measures to overcome these challenges.
Moreover, it is important to set appropriate access restrictions and ensure the security of PLC networks. Maintaining an edge in a threat environment that is continuously evolving, requires constant improvements and modifications in security measures. Hence, the inability to resolve cybersecurity issues could reduce confidence in PLC systems and impede the global PLC software market during the forecast period.
The market share growth by the cloud-based segment will be significant during the forecast period. Cloud-based deployment has many benefits, including scalability, adaptability, cost-effectiveness, and simplicity of use. The current state programmable logic controller software market in focus demonstrates a rising trend among companies to select cloud-based PLC software solutions to automate their processes. After realizing the potential of cloud-based deployment leading PLC software vendors, including Siemens, Rockwell Automation, Schneider Electric, and ABB, have created cloud-enabled products. which will boost the programmable logic controller software market.
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The cloud-based segment shows a gradual increase in the market share of USD 1,306.64 million in 2017 and continue to grow by 2021. By cloud-based PLC software systems remote monitoring, real-time data analysis, and predictive maintenance are made possible, increasing operating efficiency and reducing downtime. Because of the ability to enable cooperation and data sharing across numerous sites, cloud-based PLC software systems are excellent for distributing industrial installations. Thus, this trend will drive the market growth during the forecast period.
In the global programmable logic controller (PLC) software market, the ladder logic segment will be significant during the forecast period. This segment .provides industrial automation with a graphical programming language based on relay ladder diagrams that are easy to use and understand. Many other industries, such as manufacturing, automotive, and process control, have adopted this logic. The growing popularity of ladder logic is owing to the similarities it has to conventional relay circuits, making it simple for engineers and technicians to apply electrical circuits to PLC programming. Due to the high prevalence of ladder logic, this segment is expected to grow during the forecast period.
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North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The North American PLC software market is expanding significantly. With factors such as rising industrial automation, a focus on enhancing manufacturing efficiency, and the adoption of cutting-edge technology, the demand for PLC software solutions in the region is High. Key vendors such as Rockwell Automation, Siemens AG, Schneider Electric, and Mitsubishi Electric Corporation are all based in North America. These businesses provide an extensive selection of PLC software solutions designed for various industries which boost the programmable logic controller (PLC) software market. Due to the continuous digital revolution across various sectors such as manufacturing and automation, the rising adoption of Industrial Internet of Things (IIoT) technologies, the raised focus on energy efficiency, and the increasing demand for real-time monitoring and control are some of the factors expected to duel the PLC software market in North America during the forecast period.
The PLC Software Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global PLC Software Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The PLC software market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
PLC Software Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.82% |
Market growth 2023-2027 |
USD 867.32 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.07 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 31% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Delta Electronics Inc., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hitachi Ltd., Honeywell International Inc., IDEC Corp., Keyence Corp., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., Yokogawa Electric Corp., Beckhoff Automation GmbH and Co. KG, and FANUC Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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