Global Motion Control Software Market 2017-2021

Overview of the global motion control software market

Technavio's market study identifies the high demand for process automation in the manufacturing industry to be one of the primary growth factors for the motion control software market. The manufacturing industry is growing rapidly and there is an increased need to simplify the manufacturing processes. The installation of advanced automation systems such as motion control system helps in reducing defects, increasing process visualization, and improving process efficiency. Process automation aids in resolving the complex task of analyzing real-time data and in reducing human intervention and the time taken for operational processes. Our industry research analysts estimate that this market will grow steadily at a CAGR of almost 3% by 2021.

The integration of wireless technology and wireless devices have benefitted the motion control software market as data can be retrieved from all the devices in the loop and can be stored in cloud storage. Increased connectivity between hardware and software improves the efficiency of the industrial processes and improves the strategic decision-making ability of the users. Vendors are developing wireless embedded chips that can be installed in motors and are compatible with motion control software. Cloud technology helps in data sharing as the data can be recovered and accessed securely. This will increase the need for cloud-based and wireless technology which will be one of the key trends contributing towards the growth of the motion control software market.

Competitive landscape and key vendors

The motion control software market is highly fragmented due to the presence of several established vendors that are providing customized software as per the individual and industrial need. Industrial automation motion control software market vendors are engaging in strategic alliances and are integrating with the software developers to expand and consolidate their market share. Technological innovations in the software and the improvement of software quality will increase the level of competition among the vendors.