Market Trends of Programmable Automation Controller (PAC) Programming Software Industry
This section covers the major market trends shaping the PAC Programming Software Market according to our research experts:
Rise in Automation to Augment Market Growth
- The advent of automation in various industries has facilitated the control over various operational aspects of industries, without any significant intervention from operators, using various control devices and software.
- These automation devices combine the advantages of a PLC-style traditional machinery or process control system, with the flexible type configuration and integration advantages of PC-based system, using a PAC (programmable automation controller), due to the various advantages of PAC programming software, the market is expected to grow further.
- Developing economies, such as China, India, etc., are primarily driving the growth of the automation industry. Emerging economies are also investing heavily in the development of several industries and the adoption of automation.
- With the increasing supply of industrial robots across the world, it is evident that automation is rapidly increasing in various manufacturing sectors, which is boosting demand in the market studied.
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Asia-Pacific to Witness High Growth
- Asia-Pacific region is witnessing high growth, benefiting from recent policy changes, investments in automation, and availability of commodities at lower prices.
- The inception of many power generation projects after the global recession and the initiation of large-scale Greenfield projects in the region have driven the demand for PAC programming software market.
- China is considered as the manufacturing hub of the world, with manufacturing facilities of domestic as well as international players set up in the country. As the labor cost is rising in the country, China is rapidly transforming from a medium to a high-tech manufacturing hub, which is expected to further propel the market growth
- India is launching initiatives like ‘Make in India’ to place the country on the world map as a manufacturing hub and to gain global recognition. The Indian Brand Equity Foundation has reported that India is expected to become the fifth-largest manufacturing country in the world by the end of 2020.
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