London, 24 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Advanced Process Control (APC) Software Market 2014-2018, which is expected to post a CAGR of 9.97 percent from 2014–2018.
APC software is an integrated tool used to increase the efficiency of process management and plant operations. Effective deployment of APC software enables the organizations to reduce the downtime and increase the productivity of the industrial plant. It enables them to optimize their resource utilization, which increases their overall organizational productivity.
“APC software vendors are collaborating to create customized APC software that suits the requirements of customers,” says Faisal Ghaus, Vice President of TechNavio.
“The use of customized ACP software helps an organization achieve an increased operational efficiency to gain an edge over the competition.”
Key Market Drivers
- Increase in Adoption of APC Software in Power Industry
- Strong Demand from APAC Region
- Need for Enhanced Organizational Productivity
Key Market Trends
- Increased Need for Customized APC Software
- Increase in Number of Mergers and Acquisitions
- Emergence of Open-source APC Software
Key Market Vendors
- ABB Ltd.
- Honeywell International Inc.
- Schneider Electric SA
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
