The report examines the technology by software, hardware and networking elements, all of which comprise the IoT system. Software is forecast as the fastest growing market (31.0% CAGR) over the next five years; although hardware currently has the largest installed base.
The top machine builders are switching from proprietary hardware-based PLCs, like Allen-Bradley, TwinCAT, Mitsubishi and KEYENCE, to open standards-based EtherCAT-enabled software PLCs on IPCs. KINGSTAR provides a fully-featured and integrated software PLC based on an open and accessible RTOS. KINGSTAR Soft PLC also includes add-on or third-party components for motion control and machine vision that are managed by a rich user interface for C++ programmers and non-developers alike.