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Virtual PLC & Soft PLC Market Size

Report ID: GMI11812
Published Date: Oct 2024
Report Format: PDF

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Virtual PLC & Soft PLC Market Size

The global virtual PLC & soft PLC market was valued at USD 865 million in 2023 and is estimated to grow at a CAGR of over 13% from 2024 to 2032. The increasing implementation of Industry 4.0 technologies is driving the demand for Virtual and Soft PLCs, which enable automation, real-time monitoring, and data analysis in manufacturing environments.

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As industries embrace digital transformation, Virtual PLCs, integrated with cloud platforms and IoT devices, facilitate seamless communication and control across different production stages. Their flexibility and scalability make them essential for smart factories aiming to enhance productivity, reduce downtime, and optimize resource usage through intelligent automation.

For instance, in November 2023, Honeywell launched new soft PLC solutions that integrate seamlessly with existing industrial systems. These solutions are designed to enhance operational efficiency and reduce costs through advanced software capabilities.

The rising trend of remote operations and management in industries is another key growth driver. Virtual PLCs, enabled through cloud-based platforms, allow engineers and operators to monitor, control, and troubleshoot automation systems from any location. This capability is particularly valuable for industries with distributed operations, such as oil & gas, utilities, and manufacturing, where real-time remote control can significantly enhance operational efficiency and reduce downtime, driving market adoption.

Virtual PLC & Soft PLC Market Report Attributes
Report Attribute	Details
Base Year:	2023
Virtual PLC & Soft PLC Market Size in 2023:	USD 865 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	13%
2024 – 2032 Value Projection:	USD 2 Billion
Historical Data for:	2021–2023
No. of Pages:	210
Tables, Charts & Figures:	310
Segments covered:	Component, Product Type, Control Level Type, Deployment Type, Operating System, Communication Protocol, Application
Growth Drivers:	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
Pitfalls & Challenges:	Cybersecurity risks and vulnerabilities High initial setup complexity

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Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global market size for virtual PLC & soft PLC was valued at USD 865 million in 2023 and is estimated to grow at a CAGR of over 13% from 2024 to 2032, driven by the increasing implementation of Industry 4.0 technologies.

The field level segment in the virtual PLC & soft PLC industry is expected to register a CAGR of over 13% over the forecast period, as it involves direct interaction with machinery and production processes through sensors and actuators.

The North America market accounted for over 35% share in 2023, driven by the U.S. leading in the adoption of Industry 4.0 technologies and advanced automation solutions.

Major players in the market include ABB Ltd., Honeywell International Inc., Koyo Electronics Industries Co., Ltd., Lenze, Mitsubishi Electric, Omron Corporation, Phoenix Contact, Pilz GmbH & Co. KG, and Red Lion Controls.