Global Advanced Process Control Software Market in the Oil and Gas Industry Market 2015-2019 With ABB, Honeywell International, Schneider Electric & Siemens Dominating
DUBLIN, November 26, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gdfv4f/global_advanced) 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.
- Honeywell International
- Schneider Electric
Other prominent vendors
- Aspen Technology
- 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
For more information visit http://www.researchandmarkets.com/research/gdfv4f/global_advanced
Source: PR Newswire
(November 26, 2015 - 4:00 AM EST)
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