TechNavio recognizes the following companies as the key players in the Global Advance Process Control Software Market: ABB Ltd., Honeywell International Inc., Siemens AG and Invensys plc.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Although large companies and original equipment manufacturers do not use or prefer open source APC solutions, several SMEs, which are cost-driven companies, prefer open source APC solutions. These companies prefer open source vendors because they offer well-featured APC software that is affordable. The main factors differentiating between the open source vendors and the commercial APC vendors are the support and services and the standardization. SMEs and other infrequent users of APC software are increasingly adopting open source APC software. This is mainly owing to the cost benefit of using open source software. Most of the open source APC solutions are affordable and they contain the basic features that are needed and often used by SMEs. Nevertheless, a considerable amount of market share has been taken by open source vendors, especially in the SME segment.”
According to the report, the Global APC Software market is witnessing many growth drivers such as the migration from the legacy system to APC software. Several organizations across the globe are shifting their focus to APC software from the conventional system to improve their plant’s efficiency.
Further, the report states that a major challenge in the market is the lack of awareness about APC software. Several large and small organizations are reluctant to using APC software because they are not very well aware about the benefits of APC software.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Yokogawa Electric Corp., General Electric Co., Rockwell Automation Inc., Aspen Technology, Inc., and Rudolph Technologies Inc.
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/content/global-advance-process-control
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TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report “ Global Advance Process Control Software Market 2012-2016
