Portland, OR -- (SBWIRE) -- 02/26/2018 -- Distributed Control Systems (DCS) Market report, published by Allied Market Research, forecasts that the global market is expected to garner $24,609 million by 2022, growing at a CAGR of 5.2% during the period 2016 - 2022. Factors such as increase in demand in power and energy sectors, emergence of open source DCS solutions, and cost & time effectiveness drive the global market. Asia-Pacific is expected be the largest market for DCS during the forecast period.

Significant growth in world distributed control systems market is attributed to the technological advancements in hardware, software, and services and increased adoption in emerging economies. Furthermore, integration with cloud computing technology and increase in demand from energy and power sectors drive the growth of DCS market. However, sluggish industrial growth in developed economies hampers the growth of global DCS market to a certain extent.

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Distributed control systems have been increasingly deployed in Asia-Pacific, followed by North America, Europe, and LAMEA. Asia-Pacific occupied the highest market share owing to the increasing adoption in the emerging economies in the region.

Software is the dominant segment due to rise in the adoption of commercial off-the-shelf (COTS) and cloud computing. The oil & gas industry also dominated the market owing to the requirement of advanced safety in oil & gas plants on the basis of environmental regulations.

Manufacturers in the market focus on product innovation with exceptional product offerings to lead the market. General Electric, Siemens, and Honeywell International Inc. are the leading market players that occupy a prominent revenue share. These players adopt expansion, R&D, product launch, and acquisition as their key strategies to sustain in the market.

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