DUBLIN, May 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global PLC Software Market 2016-2020" report to their offering.
The global PLC software market to grow at a CAGR of 7.13% during the period 2016-2020.
Global PLC Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Increased investments in factory and process automation, especially in developing countries like India and China, will lead to steady growth of the PLC software market during the forecast period. We expect the market to register a high growth rate due to entrance of multiple software vendors offering software that can be easily adapted to by machine operators, technicians, and maintenance engineers. Also, enhanced functionalities offered by software tool vendors, which can integrate the PLC software with the business system software to increase the efficiency of industrial process control, will have a positive influence on market growth in the coming five years.
A key trend driving market growth is the advancements in features and functionalities of PLCs. Rising innovations are making PLCs powerful, compact, and cheaper. These PLCs include features like data sharing between PLCs and shop floor. In an automation project, PLCs bring new features such as web servers, FTP servers, e-mails, and internal relational databases. These new features are installed in the MS Windows framework with ladder logic as the most preferred PLC programming language.
According to the report, a major driver in the growth of this market is the increased capital investment in factory automation. The PLC software is a major component of factory automation solutions as it supports communications in real time. It is distinguished by its high speed and capacity at a lower cost. The software can execute different tasks and support longer lifecycles of systems, and is compatible with strategic standards, such as IEC61499, which cover function blocks for ICS and guidelines for distributed intelligence in control systems.
Further, the report states that cybersecurity risks due to internet connectivity can hinder market growth.
Key vendors
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
- Siemens
Other prominent vendors
- ABB
- Beckhoff
- Bosch Rexroth
- GE
- Honeywell International
- IDEC
- Hitachi
For more information visit http://www.researchandmarkets.com/research/km3qt5/global_plc
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