Global PLC Software Market 2016-2020

  • Published: Apr 2016
  • Pages: 56
  • SKU: IRTNTR9256
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This global market research report presents a detailed segmentation of the PLC software market by type (ladder logic, functional block diagrams, and others) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Mitsubishi Electric, Rockwell Automation, Schneider Electric, and Siemens.

Overview of the global PLC software market

Technavio’s market research analyst predicts that the global programmable logic control (PLC) software market will grow at a steady CAGR of just over 7% during the forecast period. A key market driver is the increased capital investment in automating industrial processes. PLC software is used in sectors such as power, oil and gas to implement automation for uniformity. PLC software is an essential component in automation solutions as it helps in real-time communication at a higher speed. PLC programs can also execute different tasks and are compatible with standards like the IEC61499, which covers function blocks for industrial control systems (ICS). Research shows that the automotive industry has invested a lot of money in automation and is likely to do so over the forecast period. PLCs and automation boost productivity and consume little power; thus, helping manufacturers streamline their production processes. Increasing investments in process automation will boost market growth until the end of 2020.

In this industry report, the analysts consider the impact of innovations on the expansion of features and functionalities in PLC software. Recent innovations have helped to make PLCs very compact, powerful, and available at lower prices. Features like data sharing between the shop floor and PLCs have been made possible with web servers, FTP services, and the use of relational databases. New features installed in the MS Windows software can be accessed and programmed with ladder logic, the most preferred PLC programming language. The ability to access and use relational databases is making PLCs more popular than PCs. This increase in the preference for PLCs will impel market growth over the forecast period.

Segmentation by type and analysis of the PLC software market

  • Ladder logic
  • Functional block diagrams

The ladder logic segment accounts for the largest share of the global PLC software market and will account for close to 82% of the total market share by the end of 2020. Ladder logic makes it easy to implement processes where sequential control is required. As PLCs have become more sophisticated, ladder logic programming language has also improved and is being used in complex automatic systems.

Geographical segmentation of the PLC software market

  • Americas
  • APAC
  • EMEA

The APAC region currently dominates the global PLC software market and will generate revenues of over USD 303 million by the end of the forecast period. An increased need for automation solutions in countries like India, China, South Korea, and Japan has led to the adoption of PLCs during the estimated period.

Competitive landscape and key vendors

The global PLC software market is a highly fragmented one due to the presence of vertically integrated automation providers, system integrators, and open source PLC software vendors. According to the OEMs and machine builders, key success factors in this market includes the ability to reuse code, support multiple programming languages, ease of use, capacity to connect automatically to a controller, and the availability of a single programming language for a family of controllers.

Key vendors in the market are -

  • Mitsubishi Electric
  • Rockwell Automation
  • Schneider Electric
  • Siemens

Other prominent vendors in this market are ABB, Beckhoff, Bosch Rexroth, GE, Honeywell International, IDEC, and Hitachi.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global PLC software market?
  • What are the key market trends influencing the growth of the global PLC software market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global PLC software market?
  • What are the market opportunities and threats faced by the vendors in the global PLC software market?
  • 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 PLC software market?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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