The economic turbulence of 2012 had an adverse impact on the programmable logic controls (PLC) market and the developed world bore the brunt of this phenomenon. Even though the following years saw positive growth in most of Europe and North America, the strongest contenders were emerging regions such as Asia Pacific. Increased activity in the water and wastewater, construction, and power industries brought on the growing need to improve efficiency and enhance safety and control capabilities. The desire to gain operational dexterity, be involved in consistent process planning, and optimize assets has also driven the uptake of PLC. Players within the industry have been developing products with innovative control and design functions, boosted by pricing innovation and a surge in technology. The challenge, here, is keeping an eye on strengthening the security features in PLC software, hardware, and network infrastructure.
Persistence Market Research's growth strategies for established as well as emerging players help clients prepare for not just the wave of technological trends but also evolving customer dynamics and impending hurdles.