Worldwide Distributed Control System Industry is Expected to Reach $23.2 Billion by 2026

 

The DCS market is projected to reach USD 23.2 billion by 2026 from an estimated USD 17.5 billion in 2021, in order to meet the increasing demand from power sector.

It provides benefits such as a Distributed control systems have networking capabilities that are useful for business management, and the ability of these systems to process a large number of I/O points simultaneously has led to the growth of the DCS market.

The software segment by component is expected to grow at the highest CAGR from 2021 to 2026.

Based on the component of DCS systems, the software component is estimated to be the fastest-growing market from 2019 to 2026. The software segment includes IT applications such as advanced process control systems, controller integration with DCS, technology libraries, telecontrol software, connectivity solutions, parameter control, and materials management systems, process optimization and process safety solutions, and advanced software and virtualization solutions. It offers a common platform for devices to connect and operate. Upgrades to existing software, increased use of distributed control systems in cloud computing technologies, and upcoming technologies such as IoT are the major drivers of the software segment of the DCS market. The software solutions are cost-effective and can be replaced and upgraded easily.