Advanced Process Control (APC) refers to the model based software which is used to direct and control the process operations that take place in process industries. This helps in the efficient use of resources in the industries and ensures increased throughput to cater to the increased demand from clients. Online optimization monitors the processes at each stage continuously and with the help of the reference model, suggests an optimum operation path. This solution helps in increasing the efficiency of process industries, increases throughput, reduces downtime in event of any failure, decreases operational cost, and ultimately increases the profitability of process manufacturers.

The APC software consists of a broad range of software tools and technologies that aid in increasing the efficiency of plant operation and process management. Online optimization can be regarded as a pivotal achievement in process optimizations. Such solutions that are aimed at reducing the costs and improving the margins offer users a great value proposition even during times of economic downturn. There has been a growing trend among key industry players to offer customized solutions to various process industries in order to gain competitive advantage over peers. Key players are also forming strategic alliances with their competitors in order to gain a higher market share at the global level.

Additionally, the market is witnessing increasing investments from players for the development of advanced software tools to cater to the needs of a wide range of customers and gain a competitive edge. Furthermore, various small and medium enterprises are opting for APC and online optimization software owing to better awareness regarding the software and increasing pressure to enhance the production to meet growing demand while ensuring quality and efficiency of operation.

Process manufacturers face increasing pressure to increase the production while ensuring operational efficiency and maintain the quality of the product due to the increasing globalization and intense competition. This is said to be a major factor that is contributing to the growth of the APC and online optimization market. The advent of digitization and the growing adoption of automation by various process manufacturers is further fuelling the growth of the market. Advanced process control and online optimization facilitates agility which aids in improving the efficiency and profitability, and better caters to the needs of the customers. Hence, an increasing number of small and medium enterprises are also resorting to this technology. This is further anticipated to fuel the market growth. However, the high initial investment required for the technology may hamper the growth of the market. Nevertheless, the growing business of the process industry and the adoption of APC and online optimization tools is expected to propel the growth of the market.

The global APC and online optimization market is segmented on the basis of category, service type, industry, and geography. Based on category, the market is divided into software and services. In terms of service type, the market is segmented into implementation, maintenance, and software as a service. Depending on industry, the market is segregated into oil & gas, power, pharmaceutical, chemical and others. Based on geography, the market is separated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Key players in the APC and online optimization market include Metso Automation, Rockwell Automation, Inc. Rudolph Technologies, Inc., Honeywell International, Inc., Siemens, ABB, Emerson Process Management, Schneider Electric SE, Shell Global Solutions, GE Energy, Sherpa Engineering, and Yokogawa, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Advanced Process Control Online Optimization Market