TechNavio recognizes the following companies as the key players in the Global PLC Market: Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric Co., and Siemens AG
Commenting on the report, an analyst from TechNavio’s team said: “Earlier, PLCs were designed with a focus on reliability and safety rather than security. With the increasing automation being witnessed in recent years, there has been a growing need to continuously monitor the processes and connect the system with a company’s enterprise networks and ethernet. Therefore, obtaining the data from PLCs is necessary to monitor the efficiency and effectiveness of the plant floor. However, this process exposes the PLCs to numerable threats in the form of viruses and malware originating from the internet. In a bid to secure their systems, manufacturing companies are now actively looking for PLCs that are secured against cyber attacks.”
According to the report, one of the major drivers in this market is the increasing demand for enhanced efficiency in manufacturing. Many manufacturing companies are focusing on increasing the efficiency of their production facilities.
Further, the report states that one of the main challenges in this market is the high customer switching cost. End-users are struggling to change their existing PLC suppliers because it is a very expensive process. Hence, many end-users are forced to continue with their existing PLC vendor, which affects the growth of other vendors in the Global PLC market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-plc-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global PLC Market 2012-2016
