LONDON, Dec. 17, 2014 /PRNewswire/ -- Forecast Trend and Market Analysis for 2009–2020
In this research service, analysis is provided for future trends in the global distributed control systems (DCS) market. The study covers revenue forecasts for key global regions, revenue types, industry verticals, system sizes, and distribution channels till 2020. Also analyzed is the market share evolution for leading companies (2009 to 2013). Market share and competitive analysis by revenue type, industry vertical, and geographic region are covered. Analysis and impact of key technology trends including cybersecurity, intelligent universal I/O, mobility, wireless, virtualization, and industrial internet of things (IIoT) are included. The study includes key strategies for future growth opportunities and market drivers and restraints.
Key Findings
1 Regionally, Latin America (LATAM) and Asia-Pacific (APAC) offer maximum growth opportunity and are growing at a CAGR of % and %, respectively. LATAM's higher growth is due to its comparatively smaller market size.
2 In the revenue category, service revenue is expected to continue to lead the market in terms of higher market size of service segment and an above average growth rate is expected at a CAGR of % during 2013–2020.
3 Industrial expansion due to the shale gas revolution is the most significant growth driver in North America (NA). APAC growth is anticipated due to several greenfield expansions in developing markets, such as China, India, and Indonesia. The Europe, Middle East, and Africa (EMEA) market is growing mostly through renovation and retrofits opportunities. Growth in LATAM is mainly due to the opportunities in Brazil.
4 DCS market has moved from the need for basic control applications to collaborative solutions. Users are increasingly integrating DCS systems with operations management systems (lSA level 3) and other business systems (ISA level 4).
5 In 2013, the global DCS market accounted for $ billion in revenue and is expected to reach $ billion by 2020, growing at a compound annual growth rate (CAGR) of % during 2013–2020.
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