Automation and Software Expenditures for Discrete Industries

This Automation and Software Expenditures for Discrete Industries Market Research delivers current market analysis plus a five year market and technology forecast. The research covers automation expenditures, software expenditures, discrete, Industrial IoT, open standards, OPC UA, strategic analysis, market size, industry trends.

Global Megatrends and Digitalization Initiatives Will Drive Discrete Automation Market Growth

According to ARC Advisory Group research, the discrete automation market roared back during 2021, recovering much of the losses incurred after a significant drop due to the COVID-19 pandemic. Going forward, the outlook remains positive for capital investments in automation products and software in discrete industries due to the macro trends that underlie the growth in this market remain in place. These trends include globalization, infrastructure expansion, an aging installed base of automation equipment, manufacturing labor shortages, digitalization, an increasing middle class in Asia, and the ongoing need to improve production, process controllability, and reduce energy consumption.

Automation and Software Expenditures for Discrete Strategic Issues

In addition to providing a five-year market forecast, the Automation and Software Expenditures for Discrete Industries market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Get Ready for Industrial IoT - Starting at the Edge

The industrial edge is the space between traditional, closed automation systems and the modern, connected world. End users can experiment and discover the practical side of Industrial IoT by using edge devices to add new functionalities such as machine analytics to existing automation systems. Machine builders can differentiate their offerings by adding a new functionality before customers start demanding it. The key for both is to get ahead of the demand curve for the next generation of industrial machine control.

Embrace Open Standards

Open standards help end users free themselves from the grip of proprietary technologies, paving the way for greater choice. Standards reduce engineering time when users apply pre-engineered templates to integrated products or design processes. End users should familiarize themselves with current and emerging standards and decide how these can be applied to improve efficiency and cut the costs of future projects.

OPC UA Is the Universal Language of Automation

OPC UA is more than just an open protocol for machine-to-machine communication. The complete specification contains protocols for both peer-to-peer and master-slave communication (the latter is the new Publish/Subscribe model that allows controllers to communicate deterministically with field devices). OPC UA also includes a growing number of companion specifications that are essentially information models that standardize semantics for devices and applications. End users should understand the value of using OPC UA for integrating systems and devices from different suppliers