Global Advanced Process Control Software Market in the Oil and Gas Industry Market 2015-2019 With ABB, Honeywell International, Schneider Electric & Siemens Dominating

Nov 26, 2015, 04:00 ET from Research and Markets

DUBLIN, November 26, 2015 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Advanced Process Control Software Market in the Oil and Gas Industry Market 2015-2019" report to their offering. 

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The report forecasts the global APC software market in the oil and gas industry to grow at a CAGR of 7.37% during 2014-2019. 

This report covers the present scenario and growth prospects of the global APC software market in the oil and gas industry for 2015-2019. To calculate the market size, the report considers the revenue generated from sales of APC software to oil and gas industry. It also presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market. 

Analytics measures the economic benefits of all processes and it is a fast growing tool in today's business environment. APC vendors are incorporating analytics into APC software as an additional feature to provide added value and also to facilitate the realization of the benefits of APC. They are integrating APC with other automation systems to reduce the time required to implement APC software.

According to the report, there is a growing need to reduce operational costs and increased productivity in the process industries as they require high capital expenditure and it takes years to attain a return on investment. A reduction in the number of errors, amount of process re-engineering, and raw material usage, as well as increased quality are some of the major requirements of the oil and gas industry.

Further, the report states that the increased supply of oil and gas in the global market has resulted in a fall in oil prices, which is leading to heavy inventory losses and also a reduction in revenue and profit.

Key vendors 

  • ABB
  • Honeywell International
  • Schneider Electric
  • Siemens

Other prominent vendors  

  • Aspen Technology
  • GE
  • Rockwell Automation
  • Yokogawa Electric

Key Topics Covered: 

Part 1: Executive summary

Part 2: Scope of the report

Part 3: Market research methodology

Part 4: Introduction

Part 5: Market landscape

Part 6: Geographical segmentation

Part 7: Market drivers

Part 8: Impact of drivers

Part 9: Market challenges

Part 10: Impact of drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

Part 14: Appendix 

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Media Contact:
Laura Wood

SOURCE Research and Markets