Advanced process control is an optimization and control system technology with deployment of extensive range of methods and processes within the control systems of industrial processes. Some of the major recompenses of advanced process control softwares are development in operational understanding, reduction in power consumption, lessening of process completion time, enhanced process safety, improved equipment reliability, and increased production capacity. These characteristics of advanced process control software are estimated to propel the employment of the applications in various industry verticals.

Rise in demand for production of energy efficient processes is a primary driver of the global advanced process control software market. In addition to this, increase in demand for advanced process control software to detect and predict any probable failure along with improvement of data accuracy to boost the performance of the system are accelerating the growth of the advanced process control software market. However, reluctance of start-up companies in using advanced process controllers in place of traditional processes due to insufficient capital cost is anticipated to act as a restraint to the advanced process control software market.

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The advanced process control software market can be segmented based on component, industry, end-user, and region. On the basis of component, the advanced process control software market can be divided into software and services. The software segment is further divided into advanced regulatory control, inferential control, sequential control, compressor control, and multivariable model predictive control software, while, the services segment can be further classified into operation and maintenance services, consulting services, and training services. Based on industry, the global advanced process control market can be bifurcated into oil & gas, power, chemicals, pharmaceuticals, petrochemicals, food & beverage, and others. Oil & gas along with the chemical industry are estimated to dominate the global advanced process control software market due to the extensive applications of advanced process control software in these industries. The end-user segment of the advanced process control software market includes large, small, and medium-scale enterprises. Large-scale enterprises are estimated to constitute a major revenue share of the global advanced process control software market due to their rising investments, whereas, increasing awareness of advanced process control software among middle and small-sized enterprises is further supporting the growth of the SME’s in the market.

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