#Global Advanced Process Control (APC) Software Market 2019
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Advanced Process Control Market Statistics, Size, Share, Future Trend, Global Demand and Current Scenario by Forecast to 2027
Market Highlights
According to Market Research Future (MRFR), the global advanced process control market would register 12.09% CAGR throughout the forecast period (2017-2023), witnessing exponential accruals.
Advanced Process Control (APC) is a comprehensive model predictive control software that enhances process profitability by improving quality, increasing throughput while reducing energy usages. This state-of-the-art technology provides automatic control systems that are capable of releasing process potential across the industries including Food & Beverages, Refining, Petrochemical, and Mining.
Leverage to the economic environment, today, manufacturers are confronted by the need to curtail the capital budgets due to the rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the market competition.
Advanced process control helps manufacturers to address such complex challenges with various solutions that can extract maximum value from the manufacturing processes. APC also improves production yield, quality, and reduce energy consumption, optimizing manufacturing operations.
Resultantly, advanced process control solutions are garnering a colossal market prominence, getting quickly absorbed in various industries for optimized operational techniques. The APC market is witnessing rising deployments of these solutions. Moreover, increasing mandates to save energy are acting as significant tailwinds escalating the market on the global platform.
Additional factors influencing the growth of the market include the introduction of new labor safety norms, increasing requirement for energy-efficient process control solutions, and the integration of APC with the traditional business process.
The demand for high efficiency and a low-cost model and the success achieved in easing business processes are major driving forces supporting the growth of the market. Conversely, high costs of implementation and the reduced potential APC for knowledge-based business processes are some of the factors challenging the growth of APC market.
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Regional Analysis:
The North American region leads the global advanced process control market holding the largest market share. Factors fueling the growth of the regional market include substantial investments transpired into the field of technological development and the presence of the fervent market players that can offer cutting-edge technologies. Simultaneously, the increasing adoption of these tools in some of the burgeoning sectors such as healthcare, media & entertainment, BFSI, and IT & telecommunication are impacting the market growth, positively.
Besides the availability of well-established infrastructure that allows faster implementation of advanced technologies provides impetus to the market growth. The U.S. and Canada heading with the increasing technological advancements and the uptake of APC solutions are leading the North American market. Continuing with the same growth trends, North America is expected to retain its dominance over the global APC market creating a larger revenue pocket.
The European APC market, led by the demand from the various sectors accounts for the second-largest market, globally. Also, the augmented uptake of these solutions fuels the increase in the regional market. The resurging economy is playing a major role in contributing to the market growth in the region, significantly.
Asia Pacific region, on the other hand, is emerging as a profitable market for the advanced process control and is expected to witness a healthy growth over the review period. Factors such as increasing urbanization alongside the growing healthcare and entertainment industry which is driven by the improving economy in the region foster the market growth.
Segmentation:
The report is segmented into four key market dynamics to widen the scope of understanding,
By Type: Multivariable Model Predictive Control, Advanced Regulatory Control, Inferential Control, Compressor Control, and Sequential Control, among others.
By Revenue Source: Software and Services, among others.
By Application: Pharmaceuticals, Oil & Gas, Power, Food & Beverages, Chemicals, Petrochemicals, and Semiconductors among others.
By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Competitive Dashboard:
Highly competitive, the advanced process control market appears to be diversified due to the presence of several large and small-scale small players. To gain an edge over their competitors in the market, matured players adopt strategies such as acquisition and merger, expansion, collaboration, and technology launch.
These players also invest increasingly in R&D to develop a cost-competitive product portfolio and to acquire small yet promising companies in the emerging markets. They strive to address the critical market needs with a wide range of solutions and effective & complete workflow.
Major Players:
Players leading the global APC market are Aspen Technology, Inc., Emerson Electric Co., ABB Ltd., Honeywell International, Inc., Rockwell Automation, Inc., General Electric Co., Schneider Electric SE, Yokogawa Corporation, Rudolph Technologies, Inc., and Siemens AG, among others.
Industry/ Innovation /Related News:
June 24, 2019 --- Nanometrics Incorporated (the US), a leading provider of advanced process control metrology and software analytics, and Rudolph Technologies, Inc. (the US), a leading provider of semiconductor process control systems, announced the signing of a merger to create a premier semiconductor process control company.
Combining an all-stock merger of equal transactions, the merged company will be a premier company, providing end-to-end process control software, metrology, inspection, and lithography equipment to the semiconductor industry and other advanced markets. Considering the fact that customers are to continue to invest in more advanced process control (APC) solutions, the combined technology portfolio and established channels to these markets are estimated to accelerate the ability to serve both front-end and back-end markets.
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Global Advanced Process Control (APC) Software Market -Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2025
Summary – A new market study, titled " Global Advanced Process Control (APC) Software Market -Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2025 " has been featured on WiseGuyReports.
Advanced process control software includes model-based software that is used to direct the process operation and is commonly referred to as multivariable predictive control (MPC) or model predictive control. These applications require that the process model created accurately represents the process dynamics. Improved economics of the operation or production improve-ments are typical driving forces for using these applications.
Also read – https://industrytoday.co.uk/telecoms/global-advanced-process-control--apc--software-market-2019-size--trends--industry-analysis--leading-players---future-forecast-by-2025
The vendors in market are increasingly focusing on the development of APC software that enables the optimization of processes and ensures minimal energy use in systems. Some of the vendors are offering APC software to various end user industries that enable performance control, improved production and energy efficiency, and accurate monitoring. Other vendors are taking efforts to develop APC software that enables plant-wide optimization and facilities to maintain operations within the plant.
In 2018, the global Advanced Process Control (APC) Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Advanced Process Control (APC) Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Advanced Process Control (APC) Software development in United States, Europe and China.
The key players covered in this study
ABB
Honeywell International
Schneider Electric
Siemens
Aspen Technology
Rockwell Automation
Rudolph Technologies
Emerson
General Electric
MAVERICK Technologies
Yokogawa
Aspen Technology
Yokogawa Electric
Market segment by Type, the product can be split into
Advanced Regulatory Control
Multivariable Model Predictive Control
Inferential Control
Sequential Control
Compressor Control
Market segment by Application, split into
Oil and Gas
Petrochemicals
Chemicals
Power
Pharmaceuticals
Food & Beverages
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Advanced Process Control (APC) Software status, future forecast, growth opportunity, key market and key players.
To present the Advanced Process Control (APC) Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Advanced Process Control (APC) Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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PAC Programming Software | Schneider Electric, Opto 22, AutomationDirect
Global PAC Programming Software Market Insights, Forecast to 2025 offers built-in trends, share, and analysis to the people intending to have it. The report functions crucial inspection facets such as PAC Programming Software drivers, restraints, challenges, and patterns, openings, limits, and methods framing the global PAC Programming Software market development. A team of experts, research workers, and analysts have obtained extra efforts in applying global PAC Programming Software market information together side tools and practices to examine analysis and research about analysis information successfully.
Summary of the report: It begins with PAC Programming Software market review and goes on to growth prospects. International PAC Programming Software industry 2019 is an extensive, professional report bringing research data which will be relevant for new market entrants and recognized players.
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This report covers the market size of leading companies, and also their profiles key players covered in the report are:Dominance by Key Players:
Schneider Electric, Opto 22, AutomationDirect, Mitsubishi Electric Corporation, Siemens AG, KINGSTAR, ABB Ltd., Panasonic Electric Works Europe AG, Lamonde Automation Ltd., Phoenix Contact (I) Pvt. Ltd.
Based on product types, Split-by:
HMI (Human Machine Interface) Software
Advanced Process Control (APC)
OPC Server
Database Connectivity
Asset Management
Integrated Development Environment (IDE)
Others
On the Grounds of their end-users/applications, such as:
Discreet Manufacturing
Process Manufacturing
Automotive
Semiconductor
Energy & Utilities
Chemical
Others
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The report assesses the global PAC Programming Software industry requirement. Significant countries covered in this report comprises regional analysis:
North America, China, Rest of Asia-Pacific, UK, Europe, Central & South America, Middle East & Africa
Important Facets Included within this Report:
The PAC Programming Software report provides players fundamental data, product classification, price, and gross advantage (2014-2019);
Market stocks PAC Programming Software drivers, imperatives, openings, threats, and challenges;
Information regarding top PAC Programming Software regions, end-users together with the market quantity;
Valuing methods, geological propagate, crucial PAC Programming Software methodologies, growth patterns, and also distinct financials systems;
Various happenings in the market along with previous data and PAC Programming Software innovative prediction are analyzed in the report;
Cost evaluation, value chain evaluation, business strategies, and usage examination
Reliant ability and manufacturing information, supply, the current R&D advancements;
Company profiling with comprehensive PAC Programming Software plans, financials, and present advancements;
Dominant tendencies developing increased chances;
The substantial application and potential businesses regions;
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Customization of this Report:
This report can be customized to satisfy up with the customer's requirements. Please contact our sales team ([email protected]), who will assist you in acquiring which works for your needs.
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Global Advanced Process Control (APC) Software Market 2019 - ABB, Honeywell, Schneider Electric, Siemens
Global Advanced Process Control (APC) Software Market 2019 – ABB, Honeywell, Schneider Electric, Siemens
The “Global Advanced Process Control (APC) Software 2019 Market” report delivers a comprehensive and systematic framework of the Global Advanced Process Control (APC) Software 2019 market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the Global Advanced Process Control (APC) Software 2019 market and the research team…
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#Advanced Process Control (APC) Software Market#Advanced Process Control (APC) Software Market Analysis#Global Advanced Process Control (APC) Software Market 2019
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Global Advanced Process Control Market: Industry Analysis and Forecast (2019-2026)
Global Advanced Process Control Market was valued US$ XX Bn in 2018 and is expected to reach US$ 27.10 Bn by 2026, at a CAGR of around XX % during a forecast period.
Global Advanced Process Control Market
Process manufacturers have been using advanced process control (APC) for several decades. Advances are being made on the business front, increasing manufacturers’ needs to simplify systems on open computing platforms, and robust representation of the plant or plants. As such, one of their most pressing challenges lies in the efficient deployment and sustainment of assets with minimum human resources so that plants can effectively respond to new opportunities with-out compromising quality and profitability.
Increasing adoption of advanced process control in development industries in demand to reduce productions and to increase operational flexibility is expected to drive the market during the forecast period. However, to address specific economic improvement and data accuracy and faster implementation of software provides necessary growth opportunities in process control. Hence, the high implementation costs of advanced process control are likely to restrict the market growth.
The report covers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a significant role in the enlargement of the market from 2019 to 2026.
The multivariable model predictive control segment is expected to dominate the XX% market share during the forecast period. The multivariable model predictive control segment is a current technology, generally planned on a management control computer that categorizes important dependent process dynamic relationships between them, and optimization algorithms to control multiple variables simultaneously. Some constraint of multivariable model predictive control is that the representations must be linear across the operating range of the control.
By applications, the oil and gas segment is held to dominate the XX% market share during the forecast period. The oil and gas industry needs to attain a low margin of fault to maintain an innocent working atmosphere, requiring the use of advanced process controls. Moreover, changing the controlling structure of the industry makes the implementation of advanced process control systems essential.
Regionally, North America is expected to account for the largest share of the advanced process control market during the forecast period, Owing to the establishment of different power plants, the occurrence of primary semiconductor manufacturing industries, and demand for industrial automation is expected to augment the North American advanced process control systems. Furthermore, technological advancements in drilling fracturing of shale formations have led to a rise in oil and gas production. As advanced process control systems improve atomic power plant reliability, they are observing a significant increase in their demand in the region.
The report covers the recent development in the advanced process control market like in April 2018, Yokogawa announced their plant resource management software tools implements for managing and observing a large size of data that provides statistical data to identify the complete status of the procedures in the manufacturing industry.
The objective of the report is to present a complete calculation of the Global Advanced Process Control Market and contains thoughtful insights, historical data, facts, industry-validated market data and plans with a suitable set of assumptions and methodology. The report also helps in the Global Advanced Process Control Market is a dynamic structure by identifying and analyzing the market segments and project the global market size. The additional, report also focuses on the competitive analysis of key player’s by-product, financial position, price, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Advanced Process Control Market. Scope of the Global Advanced Process Control Market
Global Advanced Process Control Market, By Product Type
• Hardware o Control Systems o Interface and Display o Computing Systems o Others • Software Global Advanced Process Control Market, By Control Type
• Advanced regulatory control • Multivariable model predictive control • Inferential control • Sequential control • Compressor control Global Advanced Process Control Market, By Applications
• Oil & Gas • Petrochemicals • Chemicals • Power • Pharmaceuticals • Food & Beverages • Automobiles • Others Global Advanced Process Control Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America Key players operating in the Global Advanced Process Control Market
• ABB Ltd • Aspen Technology Inc. • Emerson Electric Co. • General Electric Co. • Honeywell International Inc. • Rockwell Automation Inc. • Rudolph Technologies Inc. • Schneider Electric SE • Siemens AG • Panasonic Corporation • Maverick Technologies • Yokogawa Electric Corp.
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Vikas Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: [email protected] Website:www.maximizemarketresearch.com
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System Integrator Market World’s Leading Business In 2019-Know Your Competitors New Strategy's, Innovations and Technique's To sustain In Market From Data Bridge Market Research Report Till 2026
The System Integrator business report is an ultimate solution for businesses if they want to stay ahead of the competition in today's fast moving business environment. This report studies the global market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region.
Market Characterization-:
The overall System Integrator market is characterized on the basis of different analysis-:
Global System Integrator Market is expected to rise from its initial estimated value of USD 58.73 billion in 2018 to an estimated value of USD 90.82 billion by 2026, registering a CAGR of 5.6% in the forecast period of 2019-2026.
System Integrator market Definition-:
A systems integrator can be system that integrates together elements subsystems into a whole and ensuring that those subsystems function together, and a practice known as system integration. System Integrator performs multiple tasks at the same time to optimize the business operation and increase productivity.
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Market Dynamics Analysis-:
This includes two major categories which are-:
Market Drivers:
· There is high demand for low-cost, energy-efficient production processes which is expected to act as a driver to the market growth
· There is high demand for advance cloud computing technology which is driving the market.
· There is rice in automation systems due to safety and security concerns which is expected to act as a driver to the market growth
Market Restraints:
· High investments required for automation implementation and maintenance is expected to act as a restraint to the market growth
· Fluctuation in crude oil prices affecting investments in infrastructure automation is expected to act as a restraint to the market growth
Key System Integrator market players Analysis-:
The study given in this section offers details of key market players. It likewise clarifies the marketing strategies adopted by these players as well as portrays their shareholdings in the SYSTEM INTEGRATOR market.
Details of few key market players are given here- ABB (Switzerland), Emerson Electric Co (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc (U.S.), Siemens AG (Germany). Prime Controls LP (U.S.), MAVERICK Technologies, LLC (U.S.), John Wood Group PLC (U.S.), INTECH Process Automation Inc (U.S.), Mangan Inc. (U.S.), ATS Automation Tooling Systems Inc (Canada), Wunderlich – Malec Engineering Inc (US), Avanceon (US), Dynamysk Automation Ltd. (Canada), Tesco Controls Inc. (US), Stadler+Schaaf Mess–Und Regeltechnik GmbH (Germany), IG Design Group plc (UK), CEC Controls Company, Inc..(US), Burrow Global LLC (US), Matrix Technologies Group (US), and others.
Segmentation Analysis-:
The total System Integrator market is further divided by company, by country, by manufacturer and by application/type for the competitive landscape examination.
Product Segmentation-
Global System integrator Market Service Outlook (Consulting, Infrastructure Integration, Software Integration) Technology (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Programmable Automation Controller (PAC), and Remote Terminal Unit (RTU), Distributed Control System (DCS), Manufacturing Execution System (MES), Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Human-Machine Interface (HMI), Advanced Process Control (APC), Operator Training Simulator (OTS), Safety Automation {Burner Management Systems (BMS), Emergency Shutdown Systems (ESD), Fire and Gas Monitoring and Control, High-Integrity Pressure Protection Systems (HIPPS), Turbomachinery Control (TMC)}, Industry (Oil & Gas, Chemicals & Petrochemical, Pulp & Paper, Pharmaceuticals, Automotive, Mining & Metals, Food & Beverages, Power Generation, Aerospace & Defense, Electrical & Electronics, Others)
Geographical Analysis-:
Under this section, Regional and country-level analysis of the System Integrator market has been performed-
Regional Segments Analysis:
The Middle East and Africa (GCC Countries and Egypt.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia.)
Set of Chapter covered in this report-:
Part 01: System Integrator Market Overview Part 02: Manufacturers Profiles Part 03: Global System Integrator Market Competition, by Players Part 04: Global System Integrator Market Size by Regions Part 05: North America System Integrator Revenue by Countries Part 06: Europe System Integrator Revenue by Countries Part 07: Asia-Pacific System Integrator Revenue by Countries Part 08: South America System Integrator Revenue by Countries Part 09: Middle East and Africa Revenue System Integrator by Countries
…….so on
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC Click here https://www.databridgemarketresearch.com/toc/?dbmr=global-system-integrator-market&sc
Highlights of TOC:
Market Overview: It starts with product overview and scope of the global System Integrator market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and System Integrator market size analysis for the review period 2019-2026.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price; System Integrator market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of System Integrator market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the System Integrator report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
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Advanced process control software includes model-based software that is used to direct the process operation and is commonly referred to as multivariable predictive control (MPC) or model predictive control.
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Advanced Process Control Market Size and Growth Prospects From 2014 To 2025
San Francisco, 27 Sep 2019 - The global advanced process control market size is expected to reach USD 24.9 billion by 2025, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to witness considerable growth across the globe owing to the growing emphasis of several end use industries on the improvement and optimization of the production process. Advanced process control solutions enable organizations to significantly improve the accuracy of product testing, enhance quality, and reduce error.
As companies seek ways of improving the quality of their products and reduce the cost of operations to be able to maintain their competitive edge, the demand for advanced process control systems is likely to continue to rise in the near future. Furthermore, the increasing adoption of advanced process control systems across industries such as nuclear power, chemical, and semiconductor is encouraging APC companies to invest in research and development activities to develop systems with enhanced capabilities. These factors are anticipated to further propel the growth of the global market over the forecast period.
APC is a software-based closed-loop feedback-based process control system that helps increase productivity, minimize waste, and improve quality assurance under real-world operating conditions. By enabling the easy deployment of technologies such as model predictive control and advanced computing systems in the processing and manufacturing sectors, the use of APCs has enabled companies to increase the affordability of products. Moreover, APC systems also aid in lead time reduction to decrease the operational cost associated with it.
Additionally, APCs have a significant demand in the oil and gas sector and are used for optimization and control of a variety of processes. The steady expansion of the chemical industry is also anticipated to drive the adoption of APCs over the forecast period to stabilize industrial operations and optimize plant performance by minimizing the fluctuations of key process variables. Increasing competition has compelled process industries to adopt advanced process control systems to bring about an improvement in economic performance to maintain their competitive edge. However, the need for high initial investments could restrain the growth of the APC market to a certain extent over the forecast period.
Explore Complete Report: https://www.grandviewresearch.com/industry-analysis/advanced-process-control-apc-market
Further key findings from the report suggest:
In terms of product type, the hardware segment is anticipated to witness high CAGR over the forecast period. This can be attributed to the increasing adoption and deployment of advanced process control systems in various verticals such as nuclear power plants, petrochemicals, oil and gas upstream, downstream, and processing operations
Of the key end use segments covered in the report, the energy and power segment is expected to witness significant growth during the forecast period. This can be attributed to the significant adoption of advanced process control systems in nuclear power plants and other alternative sources of power generation
The Asia Pacific APC market is anticipated to witness high CAGR over the forecast period owing to robust industrialization in countries such as China and India and the higher adoption rate of advanced process control systems in several industries
The APC market is oligopolistic and is dominated by companies such as Schneider Electric, Siemens, Rudolph Technologies, Aspen Technology, Inc., Emerson Electric Co., ABB, Yokogawa Electric Corporation, Panasonic Corporation, Rockwell Automation, Inc., and Honeywell International Inc. Collectively, these companies account for nearly 80% of the market
Leading Advanced Process Control (APC) market players are in the process of acquiring small startups for technological advantage, provision of better services, and regional expansion.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] For More Information: www.grandviewresearch.com
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Advanced Process Control Market Growth, Size, Share, Global Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions, Research Report Forecast to 2023 | Corona-Virus Impact
Market Highlights
According to Market Research Future (MRFR), the global advanced process control market would register 12.09% CAGR throughout the forecast period (2017-2023), witnessing exponential accruals.
Advanced Process Control (APC) enhances process profitability by improving quality, increasing throughput while reducing energy usages. The state-of-the-art APC technologies are capable of releasing process potential across the industries, including food & beverages, refining, petrochemical, and mining.
Leverage to the economic environment, today, manufacturers are confronted by the need to curtail the capital budgets due to the rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the market competition.
Advanced process control helps manufacturers to address such complex challenges with various solutions that can extract maximum value from the manufacturing processes. APC also improves production yield, quality, and reduce energy consumption, optimizing manufacturing operations.
Resultantly, advanced process control solutions are garnering a colossal market prominence, getting quickly absorbed in various industries for optimized operational techniques. The APC market is witnessing rising deployments of these solutions. Moreover, increasing mandates to save energy are acting as significant tailwinds escalating the market on the global platform.
Additional factors influencing the growth of the market include the introduction of new labor safety norms, increasing requirement for energy-efficient process control solutions, and the integration of APC with the traditional business process.
The demand for high efficiency and a low-cost model and the success achieved in easing business processes are major driving forces supporting the growth of the market. Conversely, high costs of implementation and the reduced potential APC for knowledge-based business processes are some of the factors challenging the growth of APC market.
Competitive Dashboard:
Highly competitive, the advanced process control market analysis appears to be diversified due to the presence of several large and small-scale small players. To gain an edge over their competitors in the market, matured players adopt strategies such as acquisition and merger, expansion, collaboration, and technology launch.
Major Players:
Players leading the global APC market are Aspen Technology, Inc., Emerson Electric Co., ABB Ltd., Honeywell International, Inc., Rockwell Automation, Inc., General Electric Co., Schneider Electric SE, Yokogawa Corporation, Rudolph Technologies, Inc., and Siemens AG, among others.
Regional Analysis:
North America would retain its leading position in the global advanced process control market. Factors fueling the regional market growth include substantial investments made into the development of technologies and the presence of major manufacturers that can offer cutting-edge technologies. Also, the increasing adoption of these solutions in some of the burgeoning sectors, including healthcare, O&G, and Power, is influencing the growth of the market in the region.
Besides, the well-established infrastructure in the region provides impetus to the regional market growth, allowing faster development and implementation of advanced technologies. The US and Canada lead the North American APC market, heading with the increasing technological advancements and the uptake of these solutions.
The advanced process control market in the European region accounts for the second-largest market, globally. The demand from the various sectors and the augmented uptake of these solutions lead the market growth, predominantly. The resurging economy in the region s playing a significant role in the growth of the market.
The advanced process control market in the Asia Pacific region is emerging as a profitable market, globally. The improving economy that drives the urbanization and healthcare and entertainment industry in the region fosters market growth. The market is estimated to witness healthy growth over the review period.
These players also invest increasingly in R&D to develop a cost-competitive product portfolio and to acquire small yet promising companies in the emerging markets. They strive to address the critical market needs with a wide range of solutions and effective & complete workflow.
Segmentation:
The report is segmented into four key market dynamics to widen the scope of understanding,
By Type: Multivariable Model Predictive Control, Advanced Regulatory Control, Inferential Control, Compressor Control, and Sequential Control, among others.
By Revenue Source: Software and Services, among others.
By Application: Pharmaceuticals, Oil & Gas, Power, Food & Beverages, Chemicals, Petrochemicals, and Semiconductors among others.
By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Industry/ Innovation /Related News:
June 24, 2019 --- Nanometrics Incorporated (the US), a leading provider of advanced process control metrology and software analytics, and Rudolph Technologies, Inc. (the US), a leading provider of semiconductor process control systems, announced the signing of a merger to create a premier semiconductor process control company.
Combining an all-stock merger of equal transactions, the merged company will be a premier company, providing end-to-end process control software, metrology, inspection, and lithography equipment to the semiconductor industry and other advanced markets. Considering the fact that customers are to continue to invest in more advanced process control (APC) solutions, the combined technology portfolio and established channels to these markets are estimated to accelerate the ability to serve both front-end and back-end markets.
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Advanced Process Control Market Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry from 2019-2023
Market Highlights
Advanced Process Control (APC) is a comprehensive model predictive control software that enhances process profitability by improving quality, increasing throughput while reducing energy usages. This state-of-the-art technology provides automatic control systems that are capable of releasing process potential across the industries including Food & Beverages, Refining, Petrochemical, and Mining.
Leverage to the economic environment, today, where manufacturers are confronted by the challenges of curtailed capital budgets and rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the competition in the global market.
Advanced Process Control helps them address complex manufacturing challenges with various solutions that can extract maximum value from the manufacturing processes. It improves production yield, quality, and reduce energy consumption optimizing manufacturing operations.
As a result, advanced process control is being quickly absorbed in various industries for optimizing operational techniques. Consecutively, the APC market is growing rapidly witnessing the widened deployment of APC solution. Moreover, increasing mandates to save energy are key driving force escalating the market on the global platform.
Considering the impressive growth records, the market perceives, today, Market Research Future (MRFR) in its recently published study report asserts that the global advanced process control market will register an impressive CAGR over 12.09% throughout the forecast period (2017-2023), witnessing exponential accruals.
Introduction of new labor safety norms and increasing requirement for energy efficient process control solutions are major driving forces supporting the growth of the market. The factors providing impetus to the APC market growth include the high efficiency at low-cost model and ease in business processes demonstrated by APC and the integration of advanced process control with the traditional business process.
On the other hand, factors challenging the growth of APC market include high costs of implementation and the reduced potential APC for knowledge-based business processes.
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Segmentation:
The MRFR analysis is segmented into four key dynamics for enhanced understanding.
By Type: Advanced Regulatory Control, Multivariable Model Predictive Control, Inferential Control, Sequential Control, and Compressor Control among others.
By Revenue Source: Software and Service among others.
By Application: Oil & Gas, Pharmaceuticals, Power, Food & Beverages, Petrochemicals, Chemicals, and Semiconductors among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis:
The North American region leads the global advanced process control market holding the largest market share. Factors fueling the growth of the regional market include substantial investments transpired into the field of technological development and the presence of the fervent market players that can offer cutting-edge technologies. Simultaneously, the increasing adoption of these tools in some of the burgeoning sectors such as healthcare, media & entertainment, BFSI, and IT & telecommunication are impacting the market growth, positively.
Besides the availability of well-established infrastructure that allows faster implementation of advanced technologies provides impetus to the market growth. The U.S. and Canada heading with the increasing technological advancements and the uptake of APC solutions are leading the North American market. Continuing with the same growth trends, North America is expected to retain its dominance over the global APC market creating a larger revenue pocket.
The European APC market, led by the demand from the various sectors accounts for the second-largest market, globally. Also, the augmented uptake of these solutions fuels the increase in the regional market. The resurging economy is playing a major role in contributing to the market growth in the region, significantly.
Asia Pacific region, on the other hand, is emerging as a profitable market for the advanced process control and is expected to witness a healthy growth over the review period. Factors such as increasing urbanization alongside the growing healthcare and entertainment industry which is driven by the improving economy in the region foster the market growth.
Global Advanced Process Control Market – Competitive Analysis
The advanced process control market appears to be highly competitive characterized by the presence of several well-established as well as small players. Matured players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage and thus to maintain their positions in this market.
Well-established players are increasingly investing in R&D to develop a cost-effective product portfolio and are seeking expansion through various strategic initiatives. These players tap the growing markets for expansions and strive to address the critical needs of the market with a broad range of solutions and effective and complete workflow.
Major Players:
Key players leading the global APC market include Aspen Technology, Inc., ABB Ltd., Emerson Electric Co., Honeywell International, Inc., General Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Rudolph Technologies, Inc., Yokogawa Corporation, and Siemens AG among others.
Industry/ Innovation /Related News:
January 28, 2019 --- Saki Corporation (Japan), an innovator in the field of automated optical and x-ray inspection and measurement equipment, announced that its automated optical inspection (AOI) systems are the first AOI systems to be certified by Panasonic to support its APC-MFB2 System.
This partnership with Panasonic Smart Factory Solutions brings Saki a very important aspect for yield improvement, not only in the pre-reflow process but in the entire SMT line for meeting M2M connection requirements.
January 10, 2019 --- ControlSoft, Inc. (the US), a leading global provider of software products and advanced control technologies used for real-time process control in industrial markets announced the acquisition of eSimulation, Inc. (the US), a pioneer in the field of midstream natural gas gathering and processing cloud-based software solutions.
The acquisition allows eSimulation to offer a range of solutions to the midstream and upstream industries. For instance, ControlSoft’s MANTRA advanced process control (APC) platform can help stabilize gas plants, condensate stabilizers, and fractionation facilities and enable operators to effectively hit optimization targets among others.
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List of Tables
TABLE 1 GLOBAL VIRTUAL REALITY MARKET BY COMPONENT, 2017-2027 (USD BILLION)
TABLE 2 GLOBAL VIRTUAL REALITY MARKET, BY DEVICE TYPE, 2017-2027 (USD BILLION)
TABLE 3 GLOBAL VIRTUAL REALITY MARKET, BY TECHNOLOGY, 2017-2027 (USD BILLION)
TABLE 4 GLOBAL VIRTUAL REALITY MARKET, BY VERTICAL 2017-2027 (USD BILLION)
TABLE 5 GLOBAL VIRTUAL REALITY MARKET, 2017-2027 (USD BILLION)
TABLE 6 NORTH AMERICA VIRTUAL REALITY MARKET BY COUNTRY,2017-2027 (USD BILLION)
TABLE 7 NORTH AMERICA VIRTUAL REALITY MARKET BY COMPONENT, 2017-2027 (USD BILLION)
TABLE 8 NORTH AMERICA VIRTUAL REALITY MARKET BY DEVICE TYPE, 2017-2027 (USD BILLION)
TABLE 9 NORTH AMERICA VIRTUAL REALITY MARKET BY TECHNOLOGY,2017-2027 (USD BILLION)
TABLE 10 NORTH AMERICA VIRTUAL REALITY MARKET BY VERTICAL, 2017-2027 (USD BILLION)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
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Advanced Process Control Market 2019 Better Investment Opportunities with Top Key Leaders
The report on the global Advanced Process Control market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
Market Highlights:
Advanced Process Control (APC) is a comprehensive model predictive control software that enhances process profitability by improving quality, increasing throughput while reducing energy usages. This state-of-the-art technology provides automatic control systems that are capable of releasing process potential across the industries including Food & Beverages, Refining, Petrochemical, and Mining.
Leverage to the economic environment, today, where manufacturers are confronted by the challenges of curtailed capital budgets and rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the competition in the global market.
Advanced Process Control helps them address complex manufacturing challenges with various solutions that can extract maximum value from the manufacturing processes. It improves production yield, quality, and reduce energy consumption optimizing manufacturing operations.
Major Key Players
ABB Ltd.,
Aspen Technology, Inc.,
Emerson Electric Co.,
General Electric Co.,
Honeywell International, Inc.,
Rockwell Automation, Inc.,
Rudolph Technologies, Inc.,
Schneider Electric SE,
Siemens AG,
Yokogawa Corporation.
According to MRFR, the global Advanced Process Control Market is set to surge at an impressive CAGR of 12.09% between 2017 and 2023. Introduction of new labor safety & security norms and increasing requirement for energy efficient process control solutions are two of the major factors supporting the growth of the market.
Industry/ Innovation /Related News:
January 28, 2019 --- Saki Corporation (Japan), an innovator in the field of automated optical and x-ray inspection and measurement equipment, announced that its automated optical inspection (AOI) systems are the first AOI systems to be certified by Panasonic to support its APC-MFB2 System.
This partnership with Panasonic Smart Factory Solutions brings Saki a very important aspect for yield improvement, not only in the pre-reflow process but in the entire SMT line for meeting M2M connection requirements.
January 10, 2019 --- ControlSoft, Inc. (the US), a leading global provider of software products and advanced control technologies used for real-time process control in industrial markets announced the acquisition of eSimulation, Inc. (the US), a pioneer in the field of midstream natural gas gathering and processing cloud-based software solutions.
The acquisition allows eSimulation to offer a range of solutions to the midstream and upstream industries. For instance, ControlSoft’s MANTRA advanced process control (APC) platform can help stabilize gas plants, condensate stabilizers, and fractionation facilities and enable operators to effectively hit optimization targets among others.
Competitive Analysis
The advanced process control market appears to be highly competitive characterized by the presence of several well-established as well as small players. Matured players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage and thus to maintain their positions in this market.
Well-established players are increasingly investing in R&D to develop a cost-effective product portfolio and are seeking expansion through various strategic initiatives. These players tap the growing markets for expansions and strive to address the critical needs of the market with a broad range of solutions and effective and complete workflow.
Regional Analysis
The North American region leads the global advanced process control market holding the largest market share. Factors fueling the growth of the regional market include substantial investments transpired into the field of technological development and the presence of the fervent market players that can offer cutting-edge technologies. Simultaneously, the increasing adoption of these tools in some of the burgeoning sectors such as healthcare, media & entertainment, BFSI, and IT & telecommunication are impacting the market growth, positively.
The European APC market, led by the demand from the various sectors accounts for the second-largest market, globally. Also, the augmented uptake of these solutions fuels the increase in the regional market. The resurging economy is playing a major role in contributing to the market growth in the region, significantly.
Asia Pacific region, on the other hand, is emerging as a profitable market for the advanced process control and is expected to witness a healthy growth over the review period. Factors such as increasing urbanization alongside the growing healthcare and entertainment industry which is driven by the improving economy in the region foster the market growth.
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Intended Audience
Software Developers
End-Users
Government
Research
Education
Distribution vendors
Technology Innovators
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
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Advanced Process Control (APC) Market 2019 Size, Share, Trend, Key Vendor Analysis and Outlook to 2023 | COVID-19 Impact
Market Highlights
Advanced Process Control (APC) is a comprehensive model predictive control software that enhances process profitability by improving quality, increasing throughput while reducing energy usages. This state-of-the-art technology provides automatic control systems that are capable of releasing process potential across the industries including Food & Beverages, Refining, Petrochemical, and Mining.
Leverage to the economic environment, today, where manufacturers are confronted by the challenges of curtailed capital budgets and rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the competition in the global market.
Advanced Process Control helps them address complex manufacturing challenges with various solutions that can extract maximum value from the manufacturing processes. It improves production yield, quality, and reduce energy consumption optimizing manufacturing operations.
As a result, advanced process control is being quickly absorbed in various industries for optimizing operational techniques. Consecutively, the APC market is growing rapidly witnessing the widened deployment of APC solution. Moreover, increasing mandates to save energy are key driving force escalating the market on the global platform.
Considering the impressive growth records, the market perceives, today, Market Research Future (MRFR) in its recently published study report asserts that the global advanced process control (APC) market will register an impressive CAGR over 12.09% throughout the forecast period (2017-2023), witnessing exponential accruals.
Introduction of new labor safety norms and increasing requirement for energy efficient process control solutions are major driving forces supporting the growth of the market. The factors providing impetus to the APC market growth include the high efficiency at low-cost model and ease in business processes demonstrated by APC and the integration of advanced process control with the traditional business process.
On the other hand, factors challenging the growth of APC market include high costs of implementation and the reduced potential APC for knowledge-based business processes.
Segmentation:
The MRFR analysis is segmented into four key dynamics for enhanced understanding.
By Type: Advanced Regulatory Control, Multivariable Model Predictive Control, Inferential Control, Sequential Control, and Compressor Control among others.
By Revenue Source: Software and Service among others.
By Application: Oil & Gas, Pharmaceuticals, Power, Food & Beverages, Petrochemicals, Chemicals, and Semiconductors among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis:
The North American region leads the global advanced process control market holding the largest market share. Factors fueling the growth of the regional market include substantial investments transpired into the field of technological development and the presence of the fervent market players that can offer cutting-edge technologies. Simultaneously, the increasing adoption of these tools in some of the burgeoning sectors such as healthcare, media & entertainment, BFSI, and IT & telecommunication are impacting the market growth, positively.
Besides the availability of well-established infrastructure that allows faster implementation of advanced technologies provides impetus to the market growth. The U.S. and Canada heading with the increasing technological advancements and the uptake of APC solutions are leading the North American market. Continuing with the same growth trends, North America is expected to retain its dominance over the global APC market creating a larger revenue pocket.
The European APC market, led by the demand from the various sectors accounts for the second-largest market, globally. Also, the augmented uptake of these solutions fuels the increase in the regional market. The resurging economy is playing a major role in contributing to the market growth in the region, significantly.
Asia Pacific region, on the other hand, is emerging as a profitable market for the advanced process control and is expected to witness a healthy growth over the review period. Factors such as increasing urbanization alongside the growing healthcare and entertainment industry which is driven by the improving economy in the region foster the market growth.
Global Advanced Process Control Market – Competitive Analysis
The advanced process control market appears to be highly competitive characterized by the presence of several well-established as well as small players. Matured players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage and thus to maintain their positions in this market.
Well-established players are increasingly investing in R&D to develop a cost-effective product portfolio and are seeking expansion through various strategic initiatives. These players tap the growing markets for expansions and strive to address the critical needs of the market with a broad range of solutions and effective and complete workflow.
Major Players:
Key players leading the global APC market include Aspen Technology, Inc., ABB Ltd., Emerson Electric Co., Honeywell International, Inc., General Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Rudolph Technologies, Inc., Yokogawa Corporation, and Siemens AG among others.
Industry/ Innovation /Related News:
January 28, 2019 --- Saki Corporation (Japan), an innovator in the field of automated optical and x-ray inspection and measurement equipment, announced that its automated optical inspection (AOI) systems are the first AOI systems to be certified by Panasonic to support its APC-MFB2 System.
This partnership with Panasonic Smart Factory Solutions brings Saki a very important aspect for yield improvement, not only in the pre-reflow process but in the entire SMT line for meeting M2M connection requirements.
January 10, 2019 --- ControlSoft, Inc. (the US), a leading global provider of software products and advanced control technologies used for real-time process control in industrial markets announced the acquisition of eSimulation, Inc. (the US), a pioneer in the field of midstream natural gas gathering and processing cloud-based software solutions.
The acquisition allows eSimulation to offer a range of solutions to the midstream and upstream industries. For instance, ControlSoft’s MANTRA advanced process control (APC) platform can help stabilize gas plants, condensate stabilizers, and fractionation facilities and enable operators to effectively hit optimization targets among others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/advanced-process-control-market-4805
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Advanced Process Control Market Size, Share, by Top Manufacturer Overview, Production and Revenue, Sales, Growth Opportunities, Future and Business Analysis by Forecast – 2023 | Analysis of Corona-Virus
Market Highlights
According to Market Research Future (MRFR), the global advanced process control market would register 12.09% CAGR throughout the forecast period (2017-2023), witnessing exponential accruals.
Advanced Process Control (APC) is a comprehensive model predictive control software that enhances process profitability by improving quality, increasing throughput while reducing energy usages. This state-of-the-art technology provides automatic control systems that are capable of releasing process potential across the industries including Food & Beverages, Refining, Petrochemical, and Mining.
Leverage to the economic environment, today, manufacturers are confronted by the need to curtail the capital budgets due to the rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the market competition.
Advanced process control helps manufacturers to address such complex challenges with various solutions that can extract maximum value from the manufacturing processes. APC also improves production yield, quality, and reduce energy consumption, optimizing manufacturing operations.
Resultantly, advanced process control solutions are garnering a colossal market prominence, getting quickly absorbed in various industries for optimized operational techniques. The APC market is witnessing rising deployments of these solutions. Moreover, increasing mandates to save energy are acting as significant tailwinds escalating the market on the global platform.
Additional factors influencing the growth of the market include the introduction of new labor safety norms, increasing requirement for energy-efficient process control solutions, and the integration of APC with the traditional business process.
The demand for high efficiency and a low-cost model and the success achieved in easing business processes are major driving forces supporting the growth of the market. Conversely, high costs of implementation and the reduced potential APC for knowledge-based business processes are some of the factors challenging the growth of APC market.
Regional Analysis:
The North American region leads the global advanced process control market holding the largest market share. Factors fueling the growth of the regional market include substantial investments transpired into the field of technological development and the presence of the fervent market players that can offer cutting-edge technologies. Simultaneously, the increasing adoption of these tools in some of the burgeoning sectors such as healthcare, media & entertainment, BFSI, and IT & telecommunication are impacting the market growth, positively.
Besides the availability of well-established infrastructure that allows faster implementation of advanced technologies provides impetus to the market growth. The U.S. and Canada heading with the increasing technological advancements and the uptake of APC solutions are leading the North American market. Continuing with the same growth trends, North America is expected to retain its dominance over the global APC market creating a larger revenue pocket.
The European APC market, led by the demand from the various sectors accounts for the second-largest market, globally. Also, the augmented uptake of these solutions fuels the increase in the regional market. The resurging economy is playing a major role in contributing to the market growth in the region, significantly.
Asia Pacific region, on the other hand, is emerging as a profitable market for the advanced process control and is expected to witness a healthy growth over the review period. Factors such as increasing urbanization alongside the growing healthcare and entertainment industry which is driven by the improving economy in the region foster the market growth.
Segmentation:
The report is segmented into four key market dynamics to widen the scope of understanding,
By Type: Multivariable Model Predictive Control, Advanced Regulatory Control, Inferential Control, Compressor Control, and Sequential Control, among others.
By Revenue Source: Software and Services, among others.
By Application: Pharmaceuticals, Oil & Gas, Power, Food & Beverages, Chemicals, Petrochemicals, and Semiconductors among others.
By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Competitive Dashboard:
Highly competitive, the advanced process control market appears to be diversified due to the presence of several large and small-scale small players. To gain an edge over their competitors in the market, matured players adopt strategies such as acquisition and merger, expansion, collaboration, and technology launch.
These players also invest increasingly in R&D to develop a cost-competitive product portfolio and to acquire small yet promising companies in the emerging markets. They strive to address the critical market needs with a wide range of solutions and effective & complete workflow.
Major Players:
Players leading the global APC market are Aspen Technology, Inc., Emerson Electric Co., ABB Ltd., Honeywell International, Inc., Rockwell Automation, Inc., General Electric Co., Schneider Electric SE, Yokogawa Corporation, Rudolph Technologies, Inc., and Siemens AG, among others.
Industry/ Innovation /Related News:
June 24, 2019 --- Nanometrics Incorporated (the US), a leading provider of advanced process control metrology and software analytics, and Rudolph Technologies, Inc. (the US), a leading provider of semiconductor process control systems, announced the signing of a merger to create a premier semiconductor process control company.
Combining an all-stock merger of equal transactions, the merged company will be a premier company, providing end-to-end process control software, metrology, inspection, and lithography equipment to the semiconductor industry and other advanced markets. Considering the fact that customers are to continue to invest in more advanced process control (APC) solutions, the combined technology portfolio and established channels to these markets are estimated to accelerate the ability to serve both front-end and back-end markets.
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Digital Signage Market Overview, Competitors Strategy, Regional Analysis, Share, Growth, Statistics, Competitor Landscape, Trends and Forecasts | Corona-Virus Analysis
Market Highlights
The application of digital signage boards in diverse locations such as transportation systems, public spaces, museums, and stadiums, among others, is expected to motivate the demand for the digital signage market in the approaching period. The increasing emphasis on audience engagement is expected to further reinforce the development of the digital signage industry in the approaching period.
The need to drive the band value across the entire selling process has led companies to strategize in a way that optimizes most mediums. Reports that deliver insights into the semiconductor and electronics industry has been presented by Market Research Future, which creates reports on industry verticals that judge the market progress and options for growth. An income level worth USD 26.3 Billion is foreseen to be achieved by the market with the aid of a 6 % CAGR.
Primary Drivers and Top Barriers
Digital signage systems are used for getting rid of frequent interoperability and compatibility issues between displays and media players. In addition, digital signage boards have now gained widespread use as arrival and departure boards that are called Flight Information Display Systems (FIDS).
The surge in public infrastructure, new commercial buildings and transport networks, especially in in developing countries is presenting the market with a host of growth opportunities. Digital signage enjoys robust demand in almost every mode of public transportation, which helps gain the attention of all the on-the-go viewers. These systems are used to give the real-time location along with the context awareness associated with traveler information as well as advertising. Besides, digital signage system has almost become a standard in several educational facilities, with corporate campuses as well as schools making extensive use of digital signage systems.
Furthermore, mounting brand awareness combined with the high perception among the worldwide companies regarding this technology is expected to induce market growth in the coming years. On the downside, digital signage boards, due to the fact they need a huge amount of electricity, can be expensive to maintain, which can negatively affect its sale in the years ahead.
Detailed Regional Analysis
The regional exploration of the digital signage market size includes regions such as the Americas, Europe, the Asia Pacific, and the other regions in the world. According to the report, the North American region is foreseen to command the digital signage market with the primary market stake due to the occurrence of a huge network that is retained by the organizations in the region. The Asia Pacific countries such as China, Japan, and South Korea have a good share in the digital signage market through the course of the forecast period. The study also discloses that the Asia Pacific region is expected to present an optimistic growth in the digital signage market throughout the forecast period.
Competitive Analysis
The enhancement of production resources is expected to create a favorable impetus for the advance of the market. The contenders in the market are crafting their strategy in a way that supports optimum profits and resource utilization. The development of more integrated supply channels is anticipated to provide an upper hand to the market contenders in the forthcoming period. The governmental bodies around the world are increasing their contribution to market development. The improvement in international trade is expected to further develop the development of the market in the coming years. The stabilization of export trends in the international market is expected to further encourage the market’s development in the coming period. The amplification in the number of investments is predicted to motivate the market considerably in the coming years. The presence of apt investments or funding is expected to motivate the progress of the global market in the forecast period.
The exceptional companies in the digital signage market are Samsung Corporation (South Korea), NEC Display Solutions Ltd (South Korea), Hewlett-Packard Company (U.S.), 3M Co. (U.S.), Bright Sign LLC (U.S.), Cisco System Inc. (U.S.), Panasonic Corporation (Japan), LG Display Co. Ltd. (South Korea), Ad flow Networks (Canada), and Omni Vex Corporation (Canada), among others.
Segmentation:
The segmental investigation of the digital signage market globally is conducted out on the basis of the product type, component type, region, technology type, and application. On the basis of the product types, the market for digital signage is segmented into kiosks, billboards, and signboards. The technology type-based segmentation of the digital signage market comprises of LCD, LED, and OLED. Based on the component types, the digital signage market is segmented into service, hardware, and software. based on applications, the segmentation of the digital signage market comprises of transportation, education, retail, and government. The regions considered in the digital signage market are the Americas, Europe, the Asia Pacific, and the rest of the world.
Industry Updates:
Dec 2019 Psycho Bunny, a clothing brand for men's contemporary and golf attires, has included iGotcha Media's digital signage solution at more than a few of its stores across the US. The company chose iGotcha Media to run the content for displays alternating from 55-inch LG LCD displays toward 14 by 7.88-foot Absen LED displays.
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Managed Print Services Market 2018: Global Analysis, Business Strategy, Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2023 | Corona-Virus Analysis
Market Highlights
The research report on the managed print services market provides a detailed historical review of the managed print services along with a detailed analysis of the microeconomic and macroeconomic factors affecting the market the most. The major drivers and restraints for the global managed print services market are profiled in the report, thus providing readers with a clear picture of what is making the managed print services market move.
The global managed print services market is expected to rise at a strong 9% CAGR over the forecast period from 2017 to 2023 to reach a valuation of USD 51 billion, according to the latest research report from Market Research Future (MRFR). The global managed print services market is set to rise at a strong growth rate over the forecast period due to the increasing demand for managed print services and the increasing incorporation of cloud and other modern facilities to make managed print services more capable and useful to the client.
Market Boosters and Key Restraints
The size of the managed print services market is set to expand in the coming years, on account of rising need to bring down the cost of operations and elevate the convenience in providing customized services. Managed print services help gather hindsight for businesses to collect the skillset as well as the expertise needed for curbing the risk, complexity, and cost of the unorganized infrastructure. These services also help gain visibility and control document processes, which saves time, augment productivity, enhances security and sustainability and automates further steps.
Large enterprises and small and medium enterprises (SMEs) are now making extensive use of managed print services. These companies realize the returns on investment (ROI) potential of the technology and are constantly looking for opportunities that can help them elevate business efficiency. They are expected to take advantage of the new era of digital transformation, which is estimated to increase exponentially in the following years.
Rising adoption of big data solutions seems to have a significant effect on the managed print services market. Also, the demand for cloud-based print services is set to surge among large companies, which is deemed to add to the market strength in the following years.
Regional Analysis
The global managed print services market share has been regionally split into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
North America is the most profitable market for managed print services, thanks to the soaring demand for cloud-based services across large enterprises. In addition, most of the esteemed copier and print manufacturers are based in North America, which enhances the revenue potential of the market.
APAC is estimated to attain the highest growth rate during the conjectured time frame, on account of the quickly rising number of small & medium-sized businesses among others. Amplifying demand for managed application services in the BFSI sector benefits the regional market as well. Executives across the region face issues related to data security, as it directly affects their brand reputation. These data security issues call for managed print services, increasing their demand in the region. The surge in cybercrime activities, high adoption of mobile devices for accessing the corporate network, and surging importance of e-business are projected to boost market demand in the ensuing years.
A number of countries in Europe like France, the United Kingdom (U.K), and Germany are emerging as lucrative markets for managed print services. The regional market is also progressing as a result of the intensifying demand for multi-functional printers as well as cloud-based services.
Segmentation:
The global managed print services market is segmented on the basis of component, deployment, organization size, end use, and region.
By component, the global managed print services market is segmented into hardware, software, services, and others. The hardware segment is further sub-segmented into copiers, fax machines, printers, and others.
By deployment, the global managed print services market is segmented into cloud and on-premise.
By organization size, the global managed print services market is segmented into large enterprises and small & midsized enterprises.
By end use, the global managed print services market is segmented into BFSI, IT and telecom, government, healthcare, and others.
Leading Companies
The players that are leading the worldwide market for managed print services are Konica Minolta (U.K), HP Development Company, L.P. (U.S.), Lexmark International Corporation (U.S.), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Kyocera Corporation (Japan), Xerox Corporation (U.S.), Konica Minolta, Inc. (Japan), ARC Document Solutions, Inc. (U.S.), HCL Technologies (India), Ricoh Company, Ltd. (Japan), Canon UK Limited (U.K), Sharp Corporation (Japan), Acrodex Inc. (Canada), Wipro LTD (India), Systems Technology, Inc. (U.S.), Seiko Epson Corporation (Japan), to mention a few.
Recent News
September 2019
Flex Technology Group (FTG), a leading managed print services provider, has announced the opening of four new office locations across the United States (U.S). These locations include Texas, California, Dallas, Connecticut, New Haven, Arizona, Chico, and Mess.
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