The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
ABB Ltd, Emerson Electric Co, Honeywell International-Inc and Siemens AG.
Other Prominent Vendors in the market are: General Electric, Metso, Mitsubishi Heavy Industries, Omron, Rockwell Automation, Schneider Electric, Toshiba International and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “Cyber security has assumed increased importance among end-users, driven by the increased adoption of open and interoperable automation systems. Any breach of data security could jeopardize the operational efficiency of manufacturing units.
Many suppliers are offering solutions, either in-house or through partnerships, to address data security threats. Vendors are providing network firewalls and strategically placed switches to help prevent virus attacks and intrusions.”
According to the report, the need to improve productivity has become a key factor driving market growth. The implementation of DCS helps an organization to reduce failure time and respond quickly to any kind of disruption in the production process.
Further, the report states that the high initial investment required to implement DCS is the key challenge in the market.
