About Engineering and Commissioning Software
Engineering and commissioning software improves the quality of an asset, time to handover the project and the bottom line. The software helps in the completion of the project by converting manual processes performed by semi-skilled administrators to laboriously pair checklists to tags and generate inspection sheets by using the spreadsheets and mail merges into an automated process in a cloud-based system so that the right skilled professionals can contribute and monitor progress.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Engineering and Commissioning Software market throughout the forecasted 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.
ProjecTools (United States), Siemens (Germany), Terraine, Inc. (United States), WinPCS (Singapore), GATE, Inc. (United States), AVEVA Group plc (United Kingdom), Facility Dynamics Engineering Corp. (United States), Interface Engineering Inc. (United States), CxAlloy (United States), Festo Group (United States) and Cimcorp (Finland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Schneider Electric, Rockwell Automation, Honeywell, Emerson Automation Solutions, ABB, Yokogawa Electric Corporation and GE Power.
Segmentation Overview
AMA Research has segmented the market of Global Engineering and Commissioning Software market by , Application (Process Engineering & Design, Project Management & Collaboration, Equipment Commissioning & Startup, Operations & Maintenance and Others) and Region.
On the basis of geography, the market of Engineering and Commissioning Software 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 Organization Size, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Engineering and Commissioning Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Manufacturing will boost the Engineering and Commissioning Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premises will boost the Engineering and Commissioning Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The introduction of Artificial Intelligence in Engineering and Commissioning Software
Market Growth Drivers:
Demand for Increased Speed and Efficiency in Machine Manufactures and The Need for Reducing Risk of Deploying a Program Containing Errors
Challenges:
Complexities Involved in Engineering and Commissioning Software
Restraints:
Hindrances to Engineering and Commissioning Software Market Due to the COVID 19 Pandemic
Opportunities:
Implementing Virtual Commissioning in Engineering and Commissioning Software and Technological Upgradation in Engineering and Commissioning Software
Market Leaders and their expansionary development strategies
On 7th May 2019, Cognizant (Nasdaq: CTSH) today announced that it has expanded its research and development (R&D) partnership with AVEVA, a global leader in engineering and industrial software, to develop cutting-edge industrial software that will help shape the future across a range of industries, from water and energy to food and infrastructure.
On 8th October 2019, Festo launched PC-based Automation Suite commissioning software for drives to help users get new drive packages up and running. Five steps will parameterize and configure all parts of an installation, from the mechanical system to the controller using the Automation Suite’s commissioning wizard. The Automation Suite works with both Festo and third-party controllers. Besides parameterization and programming of connected Festo components, it can display their status, provide process data and any pending diagnostic messages can be seen at a glance. The interface can be customized for the user’s requirements by importing only those components and other plug-ins and sub-programs relevant to that installation or application.
Key Target Audience
Engineering and Commissioning Software Developers, Industry Associations, Research and Development institutes, Regulatory Bodies, Potential Investors 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.