Process optimization to grow 9%

摘要

The real-time process optimization and training (RPO) market is expected to grow at a compound annual growth rate (CAGR) of over 9% a year over the next five years, according to a new study from ARC Advisory Group. The market was slightly more than $1 billion in 2008, but dropped during the global recession to slightly over $950 million in 2010, the study says. The market is expected to reach more than $1.5 billion in 2015. The RPO market has rebounded from the lows of 2009, and is expected to return to pre-2008 growth as the global process industries' need for safer, more efficient operations continues."The global economy has still not returned to its pre-2008 optimism," said Dick Hill, a co-author of the study. "The economic slowdown adversely affected growth but the market will rebound as many of the issues facing manufacturers, like reducing costs, still require solutions such as those offered by RPO suppliers."