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Distributed Control Systems Market Trends

Report ID: GMI6801
Published Date: Sep 2023
Report Format: PDF

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Distributed Control Systems Industry Trends

The distributed control systems market is experiencing notable trends that are reshaping the landscape of industrial automation. One prominent trend is the increasing integration of Industrial Internet of Things (IIoT) technologies into DCS platforms. This allows for greater connectivity, data sharing, and real-time analytics, enabling predictive maintenance, process optimization, and improved decision-making. Another significant trend is the move toward open and standardized DCS architectures, which enhances interoperability and simplifies system integration. Cybersecurity is a growing concern, leading to the adoption of robust security measures within DCS systems to protect against cyber threats.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of distributed control systems was exceeded USD 17.9 billion in 2023 and is anticipated to reach USD 30.3 billion by 2032, due to the increasing demand for operational efficiency along with the growing importance of safety and regulatory compliance among industries worldwide.

Distributed control systems market from the hardware component segment will register over 4.5% CAGR from 2023 to 2032, on account of their ability to support advanced technologies, such as fault-tolerant hardware configurations and cybersecurity measures.

Asia-Pacific distributed control systems market size will record more than 6.5% CAGR from 2023 to 2032, owing to the rapid industrialization and increasing demand for advanced automation solutions in the manufacturing and process industries of the region.

ABB, Honeywell International Inc., Siemens, Schneider Electric, Mitsubishi Electric Corporation, Rockwell Automation, Emerson Electric Co., Valmet, and NovaTech, LLC. are some of the major distributed control systems companies worldwide.