Search results for: 'hardware ad software part'

Industrial control and automation have been historically dependent on hardware devices and proprietary, vertically integrated systems. Shifting the centralization of logic and intelligence from hardware into software that can run on any capable device is a key step in improving productivity and flexibility in manufacturing. This shift also addresse...

Software-defined automation (SDA) represents a paradigm shift in industrial and manufacturing control systems that addresses traditional operational technology (OT) architectures' limitations. As proprietary, hardware-intensive automation systems reach the end of their life cycles, they increasingly hinder innovation, scalability, and adaptability ...

The Frost Radar™ on mechanical computer-aided design (MCAD) offers a competitive benchmark analysis derived from Frost & Sullivan’s CAD Growth Opportunities report. It ranks eight companies on their growth potential and ability to innovate. MCAD revenue amounted to $6.4 billion in 2023. Frost & Sullivan expects revenue to reach $10.46 billion by 2...

18 Sep 2020  |  Global  |  Market Research

Value-added Services Backed by Industry 4.0 to Propel the Global Oil & Gas Refinery MRO Services Market, 2020–2024

Leveraging Cloud, Big Data and Analytics will Improve Accessibility for Customers and Enable MRO Service Providers to Generate New Revenue Streams

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Maintenance, repair and overhaul (MRO) services catering to the oil & gas refinery market will be adversely impacted by the Coronavirus 2019 (COVID-19) induced economics slump, alongside the oversupply of oil and lack of storage capacities 2016 to 2024 (the study period of this research). This market is currently (2019) valued at $15.40 billion and...

04 Sep 2024  |  Global  |  Market Research

Growth Opportunities in the Augmented Connected Worker Sector, Global, 2023 2030

Internal Challenges are Driving Transformational Growth in Industrial Software

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Manufacturing tasks are becoming increasingly complex frontline workers must interact with multiple vertical systems on a daily basis and companies are finding it difficult to find and train suitable new workers. Additionally, an increasing number of small and medium-sized manufacturing companies are beginning their digital transformation. Many ven...

In the current dynamic environment, which has uncertain economic conditions, trade wars, price volatility, production slowdown, and intense market competition, manufacturers are striving to improve operational efficiency in their existing plants and are keen to cut down the maintenance and operational related costs occurring due to unexpected failu...

The Frost Radar on product lifecycle management (PLM) offers a competitive benchmark analysis derived from Frost & Sullivan s Global PLM Growth Opportunities study published in April 2024. It ranks 11 companies that best re?ect the PLM industry landscape on their growth potential and ability to innovate and disrupt. Global PLM industry revenue...

14 Nov 2024  |  Global  |  Market Research

Computer-aided Design Market, Global, 2023‒2030

Design Innovation is Driving Transformational Growth through the Adoption of Advanced Technologies and Cloud-based Deployments in Manufacturing

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Computer-aided design (CAD) is an essential tool for designers in manufacturing. As products and demands change, CAD must evolve to accommodate these transformations. A new market landscape is emerging as software-defined products become the norm, prompting manufacturers to adapt and manage the mechanical and electronic dimensions of their products...

In 2024, a new multipolar world will emerge, reshaped by digital industries that have become mainstream following the 2020 COVID-19 pandemic. This shift signals an accelerated push toward digitalization, unveiling eight novel growth opportunities in digital industries, each marking a significant step in industry progress and offering vast potential...