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

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

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.

Technavio’s 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
Technavio's 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 driver
  • Advantage of minimal resource requirement post implementation.
  • For a full, detailed list, view our report
Market challenge
  • Lack of well-trained workforce is required to operate APC software.
  • For a full, detailed list, view our report
Market trend
  • Deployment of mobile apps to leverage APC software.
  • For a full, detailed list, view our 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Advanced Process Control (APC) Software Market 2017-2021

Technavio 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 Technavio’s 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.

Companies Mentioned

ABB, Honeywell International, Schneider Electric, Siemens, Aspen Technology, Rockwell Automation, Rudolph Technologies, Emerson, General Electric, MAVERICK Technologies, and Yokogawa.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Benefits of APC software.
  • Market landscape
    • Market overview
      • Table Segmentation of APC software
      • Table APC software functioning
      • Table Key market dynamics
    • Market size and forecast
      • Table Global APC software market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global APC software market by end-user 2016 and 2021
    • Global APC software market by oil and gas industry
      • Table Global APC software market by oil and gas industry 2016-2021 ($ millions)
    • Global APC software market by chemical industry
      • Table Global APC software market by chemical industry 2016-2021 ($ millions)
    • Global APC software market by power industry
      • Table Global APC software market by power industry 2016-2021 ($ millions)
    • Global APC software market by others
      • Table Global APC software market by others 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global APC software market by geography 2016 and 2021
    • APC software market in Americas
      • Table APC software market in Americas 2016-2021 ($ millions)
    • APC software market in APAC
      • Table APC software market in APAC 2016-2021 ($ millions)
    • APC software market in EMEA
      • Table APC software market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • 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
  • Vendor landscape
    • Competition overview
    • Other prominent vendors
  • Competitive analysis
    • ABB
      • Table ABB: APC software product portfolio
    • Honeywell International
      • Table Honeywell International: APC software product portfolio
    • Schneider Electric
      • Table Schneider Electric: APC software product portfolio
    • Siemens
      • Table Siemens: APC software product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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