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TechNavio Says Integration of DCS and Plant Management Systems Will Bolster the Global DCS Market in the Oil and Gas IndustryLONDON --(Business Wire)-- TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global DCS Market in the Oil and Gas Industry, which is expected to grow at a CAGR of 5.1 percent from 2014-2018. DCS, or distributed control systems, are automated systems that control components and sub-systems of manufacturing plants, providing instructions to different parts of the plant. About the Report The latest report from TechNavio focuses on economic recovery and increased demand for oil and gas in countries like India and China, which has resulted in more infrastructure investment in the oil and gas industry. The report also highlights the integration of DCS solutions with plant management systems so as to optimize plant operations. "Some key vendors like ABB and Honeywell (News - Alert) offer additional services that facilitate easy integration of DCS solutions with plant management systems. For instance, process control, process electrification, power distribution and plant management systems are integrated to enable organizations to obtain real-time information, thus reducing failure rates and improving the decision-making capability of the organization," says Faisal Ghaus, Vice President of TechNavio. Key Information Covered in the Report:
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