Global Advanced Process Control (APC) Software Market 2017-2021

  • ID: 4225826
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Aspen Technology
  • Emerson
  • General Electric
  • Honeywell International
  • MAVERICK Technologies
  • MORE
About Advanced Process Control Software

Advanced Process Control (APC) software consists of tools such as statistical process control, run-to-run control, and fault detection and classification. These tools together form a control unit that enables industries to optimally use their resources, increase productivity, and improve the accuracy level of the entire unit. APC software includes techniques that are widely used in industries to cater to the requirements of process control systems. The advanced control technology consists of advanced hardware such as online sensors, digital control units and other digital systems, and advanced software at the regulatory and optimization levels, in an industry.

The analysts forecast the global advanced process control (APC) software market to grow at a CAGR of 8.45% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global advanced process control (APC) software market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Advanced Process Control (APC) Software Market 2017-2021, 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.

Key vendors
- ABB
- Honeywell International
- Schneider Electric
- Siemens

Other prominent vendors
- Aspen Technology
- Rockwell Automation
- Rudolph Technologies
- Emerson
- General Electric
- MAVERICK Technologies
- Yokogawa

Market drivers
- Advantage of minimal resource requirement post implementation.
- For a full, detailed list, view the full report

Market challenges
- Lack of well-trained workforce is required to operate APC software.
- For a full, detailed list, view the full report

Market trends
- Deployment of mobile apps to leverage APC software.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Aspen Technology
  • Emerson
  • General Electric
  • Honeywell International
  • MAVERICK Technologies
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Market overview
  • Global APC software market by oil and gas industry
  • Global APC software market by chemical industry
  • Global APC software market by power industry
  • Global APC software market by others
PART 07: Geographical segmentation
  • Market overview
  • APC software market in Americas
  • APC software market in APAC
  • APC software market in EMEA
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 10: Market trends
  • Rising use of IoT
  • Deployment of mobile apps to leverage APC software
  • Integration of APC software with existing technology
  • Increase in robotics in process industries
PART 11: Vendor landscape
  • Competition overview
  • Other prominent vendors
PART 12: Competitive analysis
  • ABB
  • Honeywell International
  • Schneider Electric
  • Siemens
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Benefits of APC software.
Exhibit 02: Segmentation of APC software
Exhibit 03: APC software functioning
Exhibit 04: Key market dynamics
Exhibit 05: Global APC software market 2016-2021 ($ millions)
Exhibit 06: Five forces analysis
Exhibit 07: Global APC software market by end-user 2016 and 2021
Exhibit 08: Global APC software market by oil and gas industry 2016-2021 ($ millions)
Exhibit 09: Global APC software market by chemical industry 2016-2021 ($ millions)
Exhibit 10: Global APC software market by power industry 2016-2021 ($ millions)
Exhibit 11: Global APC software market by others 2016-2021 ($ millions)
Exhibit 12: Global APC software market by geography 2016 and 2021
Exhibit 13: APC software market in Americas 2016-2021 ($ millions)
Exhibit 14: APC software market in APAC 2016-2021 ($ millions)
Exhibit 15: APC software market in EMEA 2016-2021 ($ millions)
Exhibit 16: Impact of drivers
Exhibit 17: Impact of challenges
Exhibit 18: ABB: APC software product portfolio
Exhibit 19: Honeywell International: APC software product portfolio
Exhibit 20: Schneider Electric: APC software product portfolio
Exhibit 21: Siemens: APC software product portfolio
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Aspen Technology
  • Emerson
  • General Electric
  • Honeywell International
  • MAVERICK Technologies
  • MORE
New Report Released: – Global Advanced Process Control (APC) Software Market 2017-2021

The author of the report recognizes the following companies as the key players in the global advanced process control (APC) software market: ABB, Honeywell International, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Aspen Technology, Rockwell Automation, Rudolph Technologies, Emerson, General Electric, MAVERICK Technologies, and Yokogawa.

Commenting on the report, an analyst from the research team said: “One trend in market is deployment of mobile apps to leverage APC software. APC software, in the future, will be managed by mobile apps. This is to provide better control within industries. Managing all the processes through an application will reduce the workload at the back-end, wherein data from different sources are collected and analyzed. Mobiles will reduce the wastage of time during processes through effective and seamless communication.”

According to the report, one driver in market is advantage of minimal resource requirement post implementation. Process industries use many systems and different technologies to carry out their operations. This makes their work difficult as the companies are required to sort out information from a massive assemblage of data through various machines, which have different technological features attached to them. This makes the whole process complex, and the propensity of making errors in analyzing the data also increases. With the deployment of APC software, industries require fewer resources to monitor processes. This is because the APC software integrates the industrial processes of an entire industry to deliver data systematically. The advanced software deployed in each unit displays real-time data, performs complex calculations, and represents the result in an organized manner. This reduces the adoption rate of other technology or software. With adoption of industry wide APC software, businesses can enhance profit due to optimization of resources and reducing the level of resource wastage. It is expected that resource optimization will arise as a major driving factor behind the adoption of APC software in industries during the forecast period.

Further, the report states that one challenges in market is lack of well-trained workforce is required to operate APC software. Individuals working in industries need to possess subject matter expertise. Therefore, it is required to train employees for the company to meet the desired output with quality. However, there have always been challenges while training the workforce to adapt to a new technology in any industry. Getting acclimatized with operational changes in an industry is difficult for many employees. In line with this, since many of the industries are adopting the APC software, most of the employees are reluctant on adapting to this change. The absence of a definite preparedness can also slow down the process with which operations are carried out. Although APC software data collection and analysis followed by sending the refined information to the control unit require minimal time, the entire process becomes cumbersome for employees, who are not technically sound, to understand. In addition, employees are apprehensive toward the implementation of software such as APC as they are under the impression that they may lose their employment owing to automation.

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.
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  • ABB
  • Honeywell International
  • Schneider Electric
  • Siemens
  • Aspen Technology
  • Rockwell Automation
  • Rudolph Technologies
  • Emerson
  • General Electric
  • MAVERICK Technologies
  • Yokogawa.
Note: Product cover images may vary from those shown
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