Topic Discussed : DCS Market – Open Systems to Upend the Industry

Speakers : Rohit Karthikeyan

Key Takeaways:

Digital opportunities will lead the growth wave for DCS vendors. In 2019, DCS vendors will strive to develop digital capabilities as digital solutions emerge as the cornerstone to unlock value

An increasing focus on improving process flexibility, reducing time-to-market, and reducing operational expenses has shifted the value proposition from hardware to software solutions

As capital spending in the end-user industries is expected to pick up, DCS market is likely to experience positive growth in 2019

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Related Keywords: Frost&Sullivan, distributed control systems, DCS, Industrial automation, industrial internet of things, IIoT, control systems, digital industrials, open process automation, process industries, oil & gas, connected systems, digital twin, PLM, PLC, open, interoperable, and standards-based system architecture, I/O flexibility, main automation contractor, DCS hardware, DCS software, DCS services, Small (<1,000 I/O points), Medium (1,000 to 10,000 I/O points). Large (>10,000 I/O points), cybersecurity, value-added services, DCS system up-gradation, cyber security, consulting, optimizing lifecycle, renewable energy

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