Global Advanced Process Control (APC) Software Market 2017-2021

The infographic below contains key findings from our analysis of the advanced process control (APC) software market

Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

Overview of the global advanced process control (APC) software market

As per the Technavio’s market research report, the global APC software market is expected to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The implementation of APC software results in the minimal resource requirement, which will drive the growth prospects for the global APC software market from 2017 to 2021. Since process industries are required to use different systems and technologies that have different technological features, the sorting out of information becomes very complex, and the chances of making errors in analyzing the data also increases. This will result in the deployment of APC software since it requires less number of resources to monitor processes and integrates industrial processes of the entire production unit to systematically deliver the data.

The integration of APC software with existing technologies will be one of the major trends gaining traction in the global APC software market during the predicted period. Benefits such as cost reduction, time-saving, and better operations, will be the major factor for the integration of APC management software and will significantly fuel the growth of the APC software in the coming years.

Competitive landscape and key vendors

The vendors in market are increasingly focusing on the development of APC software that enables the optimization of processes and ensures minimal energy use in systems. Some of the vendors are offering APC software to various end user industries that enable performance control, improved production and energy efficiency, and accurate monitoring. Other vendors are taking efforts to develop APC software that enables plant-wide optimization and facilities to maintain operations within the plant.

Key vendors in this market are:

• ABB
• Honeywell International
• Schneider Electric
• Siemens

Other prominent vendors in the market include Aspen Technology, Rockwell Automation, Rudolph Technologies, Emerson, General Electric, MAVERICK Technologies, and Yokogawa.

Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo

Segmentation by end-user and analysis of the APC software market

• Chemical industry
• Oil and gas industry
• Power industry

During 2016, the oil and gas industry was the major end-user segment of the APC software market and is expected to witness significant growth in the coming years. Since a small error in the production unit of the plant can lead to the wastage of a large amount of valuable raw material, the industry will increasingly adopt APC software since it can ensure the accuracy of data and processes and solves the complexity associated with the production.

Segmentation by geography and analysis of the APC software market

• Americas
• APAC
• EMEA

During 2016, the global APC software market was led by the Americas and the market in this region is likely to experience a high growth rate during the estimated period as well. Factors such as the growing number of investments by end-users in new techniques and tools, the heavy spending on automating the manufacturing or business units by various industrial stakeholders, the developments in software, and the need to increase the overall efficiency, will drive the growth of the market in this region.

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global advanced process control (APC) software market?
• What are the key market trends impacting the growth of the global advanced process control (APC) software market?
• What are the challenges to market growth?
• Who are the key vendors in the global advanced process control (APC) software market?
• What are the market opportunities and threats faced by the vendors in the global advanced process control (APC) software market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global advanced process control (APC) software market?

Technavio also offers customization on reports based on specific client requirement.

By enabling the optimal utilization of resources, APC software allows organizations to increase their operational efficiency and also achieve enhanced productivity by reducing their downtime. With several efficient APC software providers competing to gain maximum revenue shares, the upcoming industry research report from Technavio on advanced process control (APC) software for the forecast period of 2017 to 2021 will help clients develop sustainable growth strategies. To provide detailed insights on the global market landscape, our industry research experts identify and analyze factors that play a significant role in the growth of the overall automation sector. By studying the current market scenario, our analysts have identified factors that will play a major role in the growth of the vendors in both the global and regional markets. Additionally, Technavio’s reports also provide detailed information on the major vendors including Siemens, Honeywell, TERI, DuPont, Schneider Electric, Bosch, Applied Robotics, SAS Automation, ABB, and OMRON who have established a significant presence in the global industrial automation industry.

To meet the client’s specific business requirements, this upcoming market research report on advanced process control (APC) software also takes into account the growth of other similar markets such as process automation and instrumentation and industrial automation software, which are expected to grow at a CAGR of about 7% and more than 6%, respectively by 2020. The increasing focus of several industrial sectors like the chemical, petrochemical, and power industries towards automating their processes to improve the productivity of their organizations will contribute significantly to the growth of the market. Additionally, the decreasing process of crude oil will also induce oil and gas companies to adopt APC software to minimize their operational costs. With an in-depth analysis of the various parameters including the shift in customer preferences and the overall market performance, Technavio offers customized reports that help businesses identify new growth opportunities.

The upcoming report for advanced process control (APC) software also identifies the key drivers, emerging trends, as well as the challenges currently experienced by the automation sector. To offer a realistic picture of the future direction of the industrial automation industry, the market study also offers insights into the changing competitive landscape and the products and services offered by major market suppliers and their presence across various geographical regions.