The PAC programming software market is estimated to grow at a CAGR of 13.78% during the forecast period.
The programmable automation controller (PAC) programming software market is projected to grow steadily during the forecast period. PAC refers to any automation controller that incorporates complex or higher-level instructions and is commonly used in industrial control systems for machinery in several industries. PACs allow provisions for complex instructions to automated equipment. The PAC programming software market can be classified in the following ways: by type, solution, end-user, and geographic region. The major drivers for the growth of this market include increased demand in several booming industries, such as automotive and manufacturing.Market Drivers:
- Demand from growing industries like automotive and manufacturing.
- Growth in industrial activities.
Restraints:
High initial investments- A significant challenge faced by the PAC programming software industry relates to the high levels of investments required at the initial stages, which hinder the industry's growth as it negatively impacts profitability. PACs provide long-term benefits in terms of cost reductions and saving time. However, the initial investments required for configuration and proper deployment of this software are deterrents as it becomes challenging for several small and medium-sized industrial operations.Technical complexities- Another additional barrier to the industry's growth is the need for technically skilled and competent labor for proper configuration and maintenance of the software infrastructure, which restricts the market's growth.
Product Offerings.
The market for control applications is witnessing a surge in demand, leading to a wide range of PAC programming software products offered by established market leaders and emerging start-ups. This diverse product landscape caters to the varying needs and preferences of customers in the market. Here are a few examples that highlight the product differences offered by some key leaders:- ABB Ltd. offers a Compact Control Builder, a Windows OS-based tool for creating control solutions for their AC 800M products, including integrating the company’s drive and motor starter products. The software offers several functional benefits, such as enabling the handling of all automation systems in a single database, along with increased security and flexibility provided by the software.
- Schneider Electric’s EcoStruxure Control Expert is a useful software platform for increasing the performance levels and design productivity of Schneider’s Modicon range of PAC products. It offers features such as easy access to data and integration of different systems. The product, formerly Unity Pro, has added security features to protect against cyber threats and helps with diagnostic and maintenance functions.
- Opto 22’s Snap-PAC-R2 belongs to their R-series of PAC products. It provides control, communication, and processing features in a compact product. The product is a part of Opto 22’s PAC system and offers the capacity for full integration with its PAC project software, SNAP PAC brains, and SNAP modules. It is a flexible and intelligent system that can be used in multiple ways. The product is based on Opto’s PAC control software, which is used for developing control applications and creating and debugging strategies.
Database connectivity is expected to expand rapidly.
Database connectivity is a type of PAC software that helps in supporting different database software, such as Oracle and MS SQL Server, to access real-time data from several industrial controllers for automation purposes. The COVID-19 pandemic has accelerated cloud adoption; for instance, in Q4 2022, Microsoft reported a 28% rise in revenue from server products and cloud services, amounting to US$14.7 billion. This growth can be attributed to the success of Azure and various other cloud services. Moreover, revenue from server products witnessed a 5% increase, primarily driven by the adoption of hybrid solutions, such as Windows Server and SQL Server, operating in multi-cloud environments.Geographical Insights:
The Asia-Pacific region market is expected to witness robust growth:
Asia Pacific PAC programming software market is expected to expand owing to the growth in industrial and automotive sectors in the region's major economies, such as China, Japan, and India, as well as increased investments in automation and policy changes in some countries in the region. China is expected to experience promising growth in this market due to rapid development in several industries, such as automotive, electronics, and oil & gas. The rise in industrial operations in these sectors will drive the demand for PACs as awareness about automation tools and their benefits also increases in these regions.North America and Europe are key markets:
European and North American PAC programming software markets are expected to experience steady growth too. The need for PAC programming software will experience moderate growth in the North American market due to the presence of well-established industrial regions and higher levels of awareness about the benefits of automation. In addition, as labor is scarcer in these regions due to lower population levels, automation will be more widely adopted in the coming years to meet the needs of growing industrial operations. Therefore, the North American markets will continue to grow for PAC programming software.Market Segmentation:
By Type
- MI
- APC
- Asset Management
- Database Connectivity
By Solution
- Open PAC System
- Compact PAC System
- Distributed PAC System
By End-User
- Oil and Gas
- Energy and Power
- Building and Construction
- Food and Beverage
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Taiwan
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. PAC PROGRAMMING SOFTWARE MARKET BY TYPE
6. PAC PROGRAMMING SOFTWARE MARKET BY SOLUTION
7. PAC PROGRAMMING SOFTWARE MARKET BY END-USER
8. PAC PROGRAMMING SOFTWARE MARKET BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
- Schneider Electric
- Panasonic Electric Works Europe AG
- Mitsubishi Electric Corporation
- Opto 22
- ABB Ltd.
- AutomationDirect
- Phoenix Contact (I) Pvt. Ltd.
- KINGSTAR
- Siemens AG
- Lamonde Automation Ltd.
Methodology
LOADING...