New ARC Advisory Group research on the Operator Training Simulators (OTS) market reveals that with the generation of baby boomers that are retiring, the new workforce needs to be taught about systems and how to operate them—and this is where operator training simulator technology is coming in handy; and there is an increase in outsourcing to support OTS technology.
“Experienced workforce is retiring, with many end users reporting staff reductions in key technology groups such as control systems and process engineering. This situation leads to increased outsourcing to support operator training simulator technology at plant sites, by process design experts at EPC firms, system integrators, or control system suppliers.,” according to Rick Rys, Senior Consultant at ARC Advisory Group and key author of ARC’s Operator Training Simulators Global Market Research report.
About the Operator Training Simulators Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the Operator Training Simulators market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by simulation type, visualization, revenue category, industry, sales channel, and customer tiers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.