PLC Software Market Growth Analysis | ABB Ltd., Delta Electronics Inc., and Eaton Corp. Plc are Market Pioneers

Competitive Benchmarking and Forecasts for Market Players 2023-2027

Increasing industrial automation and digitization, growing demand for efficient and flexible manufacturing processes, and advancements in software technologies and programming languages are some of the determinants propelling the market advancements of the PLC Software Market. It is estimated the market will exhibit growth at a CAGR of 5.82% between 2022 and 2027 followed by USD 867.32 million revenue growth.

" PLC software enables transactions in offline, real-time, and hybrid (a combination of offline and real-time modes) modes and accepts different payment methods, such as e-commerce transactions, contactless card transactions, and mobile-based near-field communication (NFC) transactions."

Snapshot of PLC Software Market Analysis

Core Companies and their Key Offerings: When it comes to the key market players, the rising demand is pushing the market expansion of the PLC Software Market

Some of the offerings by core companies comprise

• ABB Ltd. offers PLC software such as ABB AC500.
• Delta Electronics Inc. offers PLC software such as Beckhoff TwinCAT.
• Honeywell International Inc. offers PLC software such as General Electric Proficy Machine Edition.

Prominent names  Keyence Corp., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., Yokogawa Electric Corp., etc are some of the major market participants.

Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers followed by detailed profiling of the market players along with competitive benchmarking. Download our best-selling sample to learn more about the PLC Software Market.

PLC Software Market Highlights

• The Plc software market is segmented by Deployment (Cloud-based and On-premise), Type (Ladder logic, FBD, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
• North America led the market with 31% of the market growth set to originate from this region during the forecast period.
• Increasing industrial automation and digitization is one of the primary factors driving the growth of the plc software market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.