The Engineering & Commissioning activities facilitate the key process of planning, executing, and tracking of the complex engineering, procurement, & construction activities associated. The engineering and commissioning software services further improves the quality of the project. The engineering and industrial automation software further supports the completion of project by converting the manual processes performed by the semi-skilled administrators over the laborious checklists over tagging and generating the spreadsheets with an automated process over a cloud-based system The Engineering and commission software offers a wide range of the facility for the industrial processes control, intelligent building control and use of automation technologies for reducing the operation cost, bringing the accuracy over the operational activities and enhancing the productivity.
According to study, “Global Engineering and commissioning software Market to reach USD 2.05 Billion by 2026” the key companies operating in the global engineering and commissioning software market are ProjecTools, WinPCS, Siemens, Facility Dynamics, Terraine, Inc., GATE, Inc., Interface Engineering, Bentley, CxAlloy and Festo. The key players are increasing the level of the competition, both from start-ups and the leading global technology & industrial companies globally.
Based on type, engineering and commissioning software market is segmented as IOS system supported, windows system supported and both systems supported. Based on features, market is segmented as audit trail, Pre-functional Checklists (PFCs) and Functional Performance Tests (FPTs), issues management, submittals, RFIs, and transmittals, document management, commissioning meetings, construction closeout and handover. Based on application, market is segmented as small enterprises, medium enterprises and large enterprises. In addition, based on end-user, market is segmented as managers, engineers, inspectors, completion admin and others.
The engineering and commissioning software market is driven by rapid adoption of Internet of Things (IOT) in various industries, followed by growth in industrial automation, rise in demand for increased speed and efficiency in machine manufactures and introduction of technologies supporting industrial automation such as Internet of Robotic things (IORT). However, complexities involved in engineering and commissioning software may impact the market. Moreover, technological up-gradation in engineering & commissioning software and implementing virtual commissioning in engineering and commissioning software are key opportunities for market. Furthermore, introduction of artificial intelligence in engineering and commissioning software is a major trend for market.
Based on geography, the North-American region holds largest share in the global engineering and commissioning software market owing to rapid growth in industrial automation and IoT in the industries across the region. Whereas, Asian-Pacific and European regions are anticipated to witness higher growth rate due to increase in government initiatives regarding adoption of artificial intelligence cloud computing, and machine learning in various operational activities of the different end use industries over the forecast period. In upcoming years, it is projected that future of the market will be bright as a result of rise in adoption of portable computing devices at workplace along with easy availability of these software over cloud during the forecast period. It is estimated that the global engineering and commissioning software market will be reached at US $2.05 billion by 2026.
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Global Engineering and Commissioning Software Market Research Report
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