What is OPC-UA Platform?
Communications on an Open Platform United Architecture, often known as OPC-UA, is a data interchange standard for industrial communication that is supposed to be secure and dependable. Multiple OPC standards exist, each of which is designed in a series of specifications to meet the needs of industry suppliers and other end-users. Various company verticals are leveraging to seek operational performance, consequently driving the OPC-UA Network Industry growth, due to the increased implementation of industrial communication for enhanced industrial automation and building automation processes and communication protocol efficiency. Furthermore, rapid advancements in the field of IoT are hastening the trend toward promoting factory modernization efforts, such as the diversity of connected equipment. In addition, the introduction of the 5G mobile communications standard has increased M2M communication capabilities, building automation, and other wireless network solutions such as modular programming and virtual private networks, which are expected to fuel the OPC-UA Network Market. As a result, the rising demand for faster, scalable, secure, and resilient interoperable communication protocols for a variety of industrial automation processes, as well as rapid digitalization across a variety of industry verticals, are expected to propel the OPC-UA Network Market forward.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB Ltd. (Switzerland), Advanced Industrial Automation Group (United States), Emerson Electric Company (United States), General Electric (United States), Infineon Technologies AG (Germany), National Instruments (United States), Mitsubishi Electric (Japan), Rockwell Automation, Inc. (United States), Schneider Electric SE (France) and Siemens AG (Germany) |
CAGR | % |
The market study is broken down and major geographies with country level break-up.
The demand for OPC-UA Network is increasing with each passing day. The businesses in this industry facing major competition from leading players in the market including corporations and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market-leading players are investing heavily in growth strategies such as technological development, and resource utilization to enhance their market position. The market leaders such as corporations demonstrate a market-defining vision of how OPC-UA Network can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global OPC-UA Platform market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Ltd. (Switzerland), Advanced Industrial Automation Group (United States), Emerson Electric Company (United States), General Electric (United States), Infineon Technologies AG (Germany), National Instruments (United States), Mitsubishi Electric (Japan), Rockwell Automation, Inc. (United States), Schneider Electric SE (France) and Siemens AG (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global OPC-UA Platform market by Type, Application and Region.
On the basis of geography, the market of OPC-UA Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Protocols, the sub-segment i.e. Data access (DA) will boost the OPC-UA Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Hardware (Modules, Gateways, Servers, and Others) will boost the OPC-UA Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pharmaceuticals will boost the OPC-UA Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In November 2019, ICONICS, a global automation software provider signed an agreement with Takebishi Corporation to integrate the Takebishi DeviceXPlorer OPC Server with its own OPC-based automation software solutions and provide advanced industry 4.0 web-enabled OPC UA solutions for various manufacturing, energy, industrial or building automation operations.
Market Trend
- Growing adoption of OPC UA in OPC Technology
- The emergence of 5G Mobile Communications Standard Accelerated the M2M Communication Possibilities
Market Drivers
- The growing popularity of smart factory
- The emergence of Industrial Robots
Opportunities
- Increasing adoptions of OPC UA in the Manufacturing Industry
- Growing Popularity of Industrial Control and Factory Automation Due to 4.0 and other Digital Technologies, Further Creates Opportunities for the Market
Restraints
- Increasing Threat of Cyber Security
Challenges
- Major Skill labor Shortage
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, Building automation, Manufacturing and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.