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.
Technavio’s market research analysts estimate the global programmable logic controller (PLC) market to grow at a CAGR of over 7% between 2016 and 2020. Increased investments in factory and process automation, especially in developing countries like India and China, is a primary factor contributing to the growth of this market. At present, the APAC dominates the global PLC software market, accounting for a market share of around 44% and is expected to continue its dominance during the forecast period. The increased need for automation solutions in China, India, Japan, and South Korea has fuelled greater adoption of PLCs is majorly contributing to the growth of the PLC software market in this region.
The new market research report from Technavio presents a breakdown and detailed analysis of the PLC software segments by type.
“Constant innovations in functionalities and features are making PLCs more powerful, compact and cheaper. PLCs can enable new features such as web servers, FTP servers, e-mails, and internal relational databases in an automation process. The ability to access and use relational databases is making PLCs more popular than PCs, thereby influencing the market growth over the forecast period,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
At present, the ladder logic segment accounts for the major share of the global PLC software market and is expected to account for around 82% of the total market share by 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 been developed and is being used in complex automatic systems.
The key vendors in the market include Mitsubishi Electric, Rockwell Automation, Schneider Electric, and Siemens. 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.
A more detailed analysis is available on the Technavio report, Global PLC Software Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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