|By PR Newswire||
|April 16, 2014 08:50 AM EDT||
DUBLIN, Apr. 16, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/phbqj3/global_plc_market) has announced the addition of the "Global PLC Market Report" report to their offering.
The analysts forecast the Global PLC market to grow at a CAGR of 9.80 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for enhanced efficiency in manufacturing. The Global PLC market has also been witnessing the increased demand for cyber-secured PLC. However, the high customer switching cost could pose a challenge to the growth of this market.
The report, the Global PLC Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and EMEA regions, and the Americas; it also covers the Global PLC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Earlier, PLCs were designed with a focus on reliability and safety rather than security. With the increasing automation being witnessed in recent years, there has been a growing need to continuously monitor the processes and connect the system with a company's enterprise networks and ethernet.
Therefore, obtaining the data from PLCs is necessary to monitor the efficiency and effectiveness of the plant floor. However, this process exposes the PLCs to numerable threats in the form of viruses and malware originating from the internet. In a bid to secure their systems, manufacturing companies are now actively looking for PLCs that are secured against cyber attacks.
According to the report, one of the major drivers in this market is the increasing demand for enhanced efficiency in manufacturing. Many manufacturing companies are focusing on increasing the efficiency of their production facilities.
Further, the report states that one of the main challenges in this market is the high customer switching cost. End-users are struggling to change their existing PLC suppliers because it is a very expensive process. Hence, many end-users are forced to continue with their existing PLC vendor, which affects the growth of other vendors in the Global PLC market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
04. Market Research Methodology
05. Scope of the Report
06. Market Landscape
07. Geographical Segmentation
08. End User Segmentation
09. Key Leading Countries
10. Vendor Landscape
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Key Vendor Analysis
- ABB Ltd.
- GE Co.
- Honeywell International Inc.
- Invensys Plc.
- Mitsubishi Electric Corp.
- Omron Corp.
- Rockwell Automation Inc.
- Schneider Electric Co.
- Siemens AG
- Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/phbqj3/global_plc_market
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
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