1. What is the projected Compound Annual Growth Rate (CAGR) of the Virtual PLC & Soft PLC Market?
The projected CAGR is approximately 13%.
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Virtual PLC & Soft PLC Market by Component (Software, Virtual PLC Software, Services), by Product Type (Virtual PLC, Soft PLC), by Control level type (Field level, Process level, Supervisory level, Enterprise level), by Deployment mode (On-premises, Cloud-based), by Operating System (Windows-based, Linux-based, Others), by Communication Protocol (Ethernet/IP, Profinet, Modbus TCP, CANopen, Others), by Application (Discrete manufacturing, Process manufacturing, Others), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Australia), by Latin America (Brazil, Mexico), by MEA (UAE, Saudi Arabia, South Africa) Forecast 2025-2033
The size of the Virtual PLC & Soft PLC Market was valued at USD 865 Million in 2024 and is projected to reach USD 2035.00 Million by 2033, with an expected CAGR of 13% during the forecast period. The market for Virtual PLCs (Programmable Logic Controllers) and Soft PLCs emphasizes the creation and use of software-oriented solutions that replicate or substitute conventional hardware PLCs in industrial automation. Virtual PLCs and Soft PLCs operate on standard computing systems or industrial PCs, providing more adaptable, economical, and scalable options compared to conventional PLC hardware. These solutions are utilized for managing and automating machinery, processes, and systems in sectors such as manufacturing, energy, automotive, and utilities. The market is propelled by the rising need for automation in industrial settings, as companies aim to lower expenses, improve system integration, and boost operational efficiency. Virtual PLCs and Soft PLCs provide significant benefits, including straightforward reprogramming, quicker updates, compatibility with IT systems, and the capability to operate on standard hardware, thereby decreasing dependence on proprietary PLC technologies. The current movement towards Industry 4.0, highlighting digitalization, intelligent factories, and IoT, is increasingly speeding up the uptake of these solutions. As automation advances, the Virtual PLC and Soft PLC market is anticipated to expand swiftly, propelled by improvements in software technologies and the demand for more adaptable and scalable automation solutions.
The Virtual PLC & Soft PLC Market is moderately concentrated, with a few major players accounting for a significant market share. The market is characterized by innovation, with companies constantly developing new products and features to meet evolving customer needs.
Regulatory frameworks governing industrial automation systems can impact market dynamics. End-user concentration in certain industries can influence market trends. Merger and acquisition activities are prevalent in the market as companies seek to expand their portfolios and strengthen their market position.
The Virtual PLC & Soft PLC Market is growing rapidly due to the increasing adoption of automation solutions in industries such as manufacturing, energy, and transportation. These systems offer numerous benefits, including:
In July 2023, Schneider Electric announced a partnership with leading software vendors to enhance the integration of soft PLCs into their EcoStruxure platform. This collaboration aims to provide customers with more flexible and scalable automation solutions.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 13% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
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The projected CAGR is approximately 13%.
Key companies in the market include ABB Ltd., Advantech Co., Ltd., Beckhoff Automation, Bosch Rexroth, Delta Electronics, Inc., Emerson Electric Co., Hitachi Industrial Equipment Systems, Honeywell International Inc., Koyo Electronics Industries Co., Ltd., Lenze, Mitsubishi Electric, Omron Corporation, Phoenix Contact, Pilz GmbH & Co. KG, Red Lion Controls, Rockwell Automation.
The market segments include Component, Product Type, Control level type, Deployment mode, Operating System, Communication Protocol, Application.
The market size is estimated to be USD 865 Million as of 2022.
Rising adoption of industry 4.0 and smart manufacturing. Growing demand for remote monitoring and control. Integration with emerging technologies like AI and Edge computing. Increased focus on flexibility and scalability.
N/A
Cybersecurity risks and vulnerabilities. High initial setup complexity.
In July 2023, Schneider Electric announced a partnership with leading software vendors to enhance the integration of soft PLCs into their EcoStruxure platform. This collaboration aims to provide customers with more flexible and scalable automation solutions.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Million and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Virtual PLC & Soft PLC Market," which aids in identifying and referencing the specific market segment covered.
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