PUBLISHER: The Business Research Company | PRODUCT CODE: 1409660
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409660
“OPC Server Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on opt server software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for opt server software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The opt server software market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
OPC server software plays a crucial role in converting a Programmable Logic Controller's (PLC) hardware communication protocol into the OPC (OLE for Process Control) protocol. In tandem, OPC client software is a program that interfaces with the hardware, typically a Human-Machine Interface (HMI). The OPC client establishes a connection with the OPC server to either receive data from or send commands to the hardware.
The main types of OPC server software are OPC DA Server (Data Access), OPC HDA Server (Historical Data Access), OPC A&E Server (Alarms and Events), and OPC UA Server (Unified Architecture). OPC DA, in particular, outlines the specifications for transmitting real-time data between a data source and a data sink, such as a PLC or HMI, without each entity needing to understand the native protocol of the other. These OPC server software offerings, inclusive of both software and hardware components, are utilized across various industries by end-users such as pharmaceuticals, food and beverages, oil and gas, power and energy, and chemicals.
The OPC server software market research report is one of a series of new reports from The Business Research Company that provides OPC server software market statistics, including OPC server software industry global market size, regional shares, competitors with an OPC server software market share, detailed OPC server software market segments, market trends and opportunities, and any further data you may need to thrive in the OPC server software industry. This OPC server software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The opc server software market size has grown strongly in recent years. It will grow from $14.13 billion in 2023 to $15.28 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historical period can be attributed to factors such as the rise in industrial automation, the increasing need for interoperability in industrial systems, efforts to improve efficiency in manufacturing processes, the adoption of open standards in industrial communication, and enhanced measures for data security in industrial settings.
The opc server software market size is expected to see strong growth in the next few years. It will grow to $20.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to factors such as the globalization of manufacturing operations, the increasing demand for real-time analytics, the expansion of smart factory concepts, the adoption of advanced communication protocols, and the enhancement of diagnostics and monitoring capabilities in industrial settings. Major trends in this period include the integration of Industry 4.0 principles, the adoption of cloud-based solutions, the integration of edge computing, the use of unified communication protocols, the incorporation of SCADA (Supervisory Control and Data Acquisition) systems, and the implementation of remote access solutions.
The OPC server software market is poised for growth due to the increasing adoption of industrial robots for industrial automation. Industrial robots, characterized by multiple degrees of freedom, are integral to various tasks across diverse contexts. The OPC server software facilitates connectivity between industrial robots and other OPC UA-compatible devices and applications, employing a standards-based data communication approach. It enables the regulation and linking of data from robots to the factory control center. The surge in industrial robot adoption is attributed to Industry 4.0 advancements. For example, the International Federation of Robotics reported a 6% increase in industrial robots operating in UK factories in 2021, reaching 23,000 units, and a deployment of 50,712 industrial robots in the US. The global operational robot fleet has surpassed 3.5 million units, indicating a significant rise. Consequently, the increased use of industrial robots in automation is expected to drive the OPC server software market.
The growth of the OPC server software market is further propelled by the increasing adoption of industrial internet of things (IIoT) technology. IIoT involves applying internet of things (IoT) technologies to industrial settings, enhancing processes by connecting industrial devices and systems to the internet for data collection, analysis, and exchange. IIoT facilitates improved connectivity, real-time data access, increased efficiency, predictive maintenance, remote monitoring and control, and promotes interoperability. The expected proliferation of IIoT devices, estimated to reach 25.4 billion by 2030, according to Exploding Topics, underscores the significance of this technology in driving the OPC server software market.
Product innovation is a notable trend in the OPC server software market, with a focus on incorporating cybersecurity solutions. Major companies, such as Bayshore Networks, are introducing solutions such as the NetWall 10 GB USG, a high-speed hardware and software solution providing a secure network segment to insulate and isolate vital assets and sensitive networks from cyber threats. This cybersecurity-focused innovation enhances the protection of industrial systems, aligning with the evolving needs of the OPC server software market.
Major companies in the OPC server software market are advancing technologically by introducing solutions such as simulation servers to drive market revenues. Simulation servers, such as the OPC UA simulation server launched by Prosys OPC Ltd, enable users to test OPC UA server applications by mimicking real-world use cases. The latest version introduces enhancements such as the ability to replicate real-world scenarios, export and import nodesets, support for array variables, nodeId customization, and various data types for constant value simulation. These technological advancements contribute to the market's growth by providing efficient testing and modeling capabilities.
In February 2021, Pietro Fiorentini, an Italy-based multinational oil and gas company, acquired a 60% share in FAST Spa. This acquisition enhances the capabilities of CONTAGAS S.p.A., an official supplier of Pietro Fiorentini, to provide smart solutions for the digitization of gas distribution and transportation networks. FAST Spa, the acquired company, is a provider of OPC servers, contributing to Pietro Fiorentini's portfolio in this domain.
Major companies operating in the opc server software market report are Kepware Technologies Inc., Siemens AG, Emerson Electric Co., Panasonic Corporation, Omron Corporation, Matrikon Inc., Cogent Real-Time Systems Inc., Yaskawa Electric Corporation, Kreuter Manufacturing Company, Advantech Co. Ltd., Moxa Inc., General Electric Digital, Intellectual Property Communications GmbH, Asea Brown Boveri Ltd., IBH Softec GmbH, Evoqua Water Technologies, Circutor SA, Takebishi Corporation, Hitachi Ltd., Yokogawa Electric Corporation, Fanuc Corporation, Sartorius AG, National Instruments Corporation, Infineon Technologies AG, Softing Industrial Automation GmbH, Data-Linc Group, ProSoft Technology Inc., Red Lion Controls Inc., Real Time Automation, Schneider Electric Automation GmbH, Siemens Industry Inc., Software Toolbox Inc., Technosoftware GmbH, SCI Automation Inc., Trihedral Engineering Limited, Zenon LLC .
Europe was the largest region in the OPC server software market in 2023. The regions covered in the opc server software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the opc server software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The OPC server software market includes revenues earned by entities by providing services such as industrial ethernet, industrial wireless communication, industrial remote communication, rugged communication, industrial network solutions, and network management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.