Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "OPC Server Software Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
This research on the OPC Server Software market reveals significant growth opportunities, indicative of burgeoning demand in industrial automation and connectivity. According to analysis, the market is poised to expand from $14.13 billion in 2023 to an anticipated value of $20.08 billion by 2028, moving at a steadfast compound annual growth rate (CAGR) of 7.1%.
The report delineates the various factors propelling the OPC server software market forward, including the increasing embracement of technologies that promote interoperability and efficiency in manufacturing processes. With the rampant globalization of manufacturing operations compounded by the pressing requirement for real-time analytics, the market is experiencing an upsurge in investments and interest. The detailed analysis in the report highlights Europe as the front-runner in the market space for 2023, with advancements continuing across regions such as North America, Asia-Pacific, and others.
Emerging Trends and High-Growth Sectors
- The industrial automation sector is undergoing a transformative phase with a noted surge in the use of industrial robots, deemed essential for various industrial tasks owing to their agility and multifunctional capabilities. This boom is indelibly linked to the proliferation of OPC server software that acts as the cornerstone for smooth communication between these advanced robots and other OPC UA-compatible devices.
- Another pivotal factor bolstering market growth is the pervasive adoption of Industrial Internet of Things (IIoT) technology. The implementation of IoT into industrial settings is revolutionizing traditional industrial practices by enhancing processes through superior data collection, exchange, and real-time access.
- Security in industrial communications has taken center stage, and the incorporation of cybersecurity measures within OPC server software is emerging as a notable trend. Products are increasingly being fortified with robust cybersecurity solutions to protect critical industrial systems from the evolving threat landscape.
The report meticulously unpacks the OPC server software market dynamics, covering granular aspects such as key types of software like OPC DA, HDA, A&E, and UA, each catering to diverse industrial requirements. The analysis further explains the relevance of these software types in the context of applications across an array of industries from pharmaceuticals to power and energy, delineating their indispensable role in various end-use scenarios.
Strategic Acquisitions and Technological Advancements
The vital insights offered by the report also cover recent strategic movements within the market, such as notable acquisitions that have served to enhance the capabilities of companies within the OPC server software landscape. Additionally, the report sheds light on the technological strides being made, such as the development of advanced simulation servers that provide an enriched testing environment for OPC server applications.
A selection of companies mentioned in this report includes:
- Kepware Technologies Inc.
- Siemens AG
- Emerson Electric Co.
- Panasonic Corporation
- Omron Corporation
- Matrikon Inc.
- Cogent Real-Time Systems Inc.
- Yaskawa Electric Corporation
- Kreuter Manufacturing Company
- Advantech Co. Ltd.
- Moxa Inc.
- General Electric Digital
- Intellectual Property Communications GmbH
- Asea Brown Boveri Ltd.
- IBH Softec GmbH
- Evoqua Water Technologies
- Circutor SA
- Takebishi Corporation
- Hitachi Ltd.
- Yokogawa Electric Corporation
- Fanuc Corporation
- Sartorius AG
- National Instruments Corporation
- Infineon Technologies AG
- Softing Industrial Automation GmbH
- Data-Linc Group
- ProSoft Technology Inc.
- Red Lion Controls Inc.
- Real Time Automation
- Schneider Electric Automation GmbH
- Siemens Industry Inc.
- Software Toolbox Inc.
- Technosoftware GmbH
- SCI Automation Inc.
- Trihedral Engineering Limited
- Zenon LLC
For more information about this report visit https://www.researchandmarkets.com/r/rbhcwl
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