HUNTSVILLE, Ala., Oct. 19, 2016 /PRNewswire/ -- One company has consistently stood atop the ARC Advisory Group's annual "Engineering Design Tools for Plants and Infrastructure Global Market Research Study" since it was released in 2006. For the 10th consecutive year, ARC – the leading research and advisory firm for industry and infrastructure – ranks Intergraph® Process, Power & Marine as the No. 1 overall worldwide provider of engineering tools for plant design, based on 2015 revenue data reported by participating market providers.
This year's study finds Intergraph owns the largest market share in five industry market segments (Oil & Gas, total; Oil & Gas, exploration and production; Chemical; Mining & Metals; and Power) and is the only engineering design solution provider to lead more than one segment. It marks the second consecutive year that Intergraph has led in five industry market segments.
The ARC Advisory Group Engineering Design Tools for Plants and Infrastructure study is a comprehensive, five-year forecast that offers an analysis of the worldwide engineering design tools market. The scope encompasses two design solution market domains: engineering design for projects in the process, power and marine industries (process plants, power generation and shipbuilding/marine/offshore), and engineering design for infrastructure projects (utilities, buildings, civil engineering and heavy construction, and transportation).
The study is based on ARC's industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, market sectors among plant design and infrastructure, sales channels and customers.
"Intergraph has continued to expand its comprehensive portfolio of solutions that provides a compelling value proposition to its markets," said Dick Slansky, ARC Advisory Group senior analyst and co-author of the study. "Intergraph has firmly established itself as the leading provider of plant design engineering tools, and that's reflected by 10 consecutive years as the No. 1-ranked company in our annual market study."
Gerhard Sallinger, Intergraph Process, Power & Marine president, said, "This is an important and well-respected study, and Intergraph is again very pleased to be recognized as the unquestioned market leader by the ARC Advisory Group. For 10 years in a row Intergraph PP&M has consistently led the market by continuing to invest in innovative technologies that drive the industry."
The ARC Advisory Group market research study is available in multiple editions including worldwide and all regions. For more information or to purchase a copy of the study, please visit www.arcweb.com/market-studies/pages/engineering-design-tools.
Intergraph Technical User Forum (TUF) LinkedIn groups provide an online discussion forum for year-round networking between users. To learn more about Intergraph solutions and network with other Intergraph users, visit ppm.intergraph.com/technical-user-forums.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry and infrastructure. Its coverage of technology and trends extends from business systems to product and asset lifecycle management, supply chain management, operations management, energy optimization, industrial internet of things (IoT) and automation systems. ARC has more than 70 professionals worldwide with extensive experience servicing business issues, technologies and vertical industries. For more information, visit www.arcweb.com.
About Intergraph Process, Power & Marine
Soon to be known as Hexagon Process, Power & Marine, Intergraph Process, Power & Marine is the leading global provider of engineering software for the design, construction and operation of plants, ships and offshore facilities.
Process, Power & Marine is part of Hexagon (Nasdaq Stockholm: HEXA B; hexagon.com), a leading global provider of information technologies that drive quality and productivity across geospatial and industrial enterprise applications.
© 2016 Hexagon AB and/or its subsidiaries and affiliates. Intergraph is part of Hexagon. All rights reserved. Intergraph and the Intergraph logo are registered trademarks of Intergraph Corporation or its subsidiaries in the United States and in other countries. Other brands and product names are trademarks of their respective owners.
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SOURCE Intergraph Process, Power & Marine