Global Plant Automation Solutions Market 2016-2020

Outlook of the global plant automation solutions market

Technavio’s market research analyst predicts the global plant automation solutions market to grow at a CAGR of around 6% during the forecast period. The rising need to enhance productivity, improve safety, and reduce production costs will foster the prospects for growth in this market. The augmented adoption of plant automation solutions, such as DCS, PLC, SCADA, and MES, is enabling industries to control, monitor, and manage various plant operations on a real-time basis. This enhances sharing and access to real-time data and information for management level decision making.

The rising demand for cyber secure automation solutions is the primary growth driver for this market. There have been considerable cyber threats to plant automation solutions over the past decade. For instance, Stuxnet cyber worms attacked Siemens’ PLC in 2010, affecting the security of a whole plant. Such attacks are not limited to PLC, but also to other plant automation solutions such as DCS, SCADA, and MES. Consequently, vendors have been compelled to develop foolproof cyber secure plant automation solutions. The advent of such infallible cyber secure plant automation solutions will impel the prospects for growth in this market until the end of 2020.

Segmentation by solution type and analysis of the plant automation solutions market

• Hardware
• Software
• Services