Automation Software Market Rapid Revenue Expansion Forecast by Acumen Research

Key Points and Statistics on the Automation Software Market:
● The global automation software market is projected to reach USD 76.4 billion by 2030, growing at a CAGR of 16.5% from 2022 to 2030.
● North America held over 39% of the automation software market share in 2021.
● The cloud segment accounted for over 58% of the total market share in 2021.
● The manufacturing application segment is growing at a CAGR of 17.1% from 2022-2030.
● Rising adoption of emerging digital industrialization, such as IIoT, is fueling the market growth.

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The Automation Software Market is deeply connected to various sectors, including BFSI, IT and Telecoms, and Manufacturing. What is automation software? It's a program designed to reduce the need for human intervention across various sectors, converting recurring, routine processes into automated actions. The global automation software market was valued at approximately USD 19.9 billion in 2021 and is projected to reach a staggering USD 76.4 billion by 2030. The surge in this sector is attributed to the increasing adoption of emerging digital industrial technologies like IIoT and cloud-based solutions. While the market is on an upward trajectory, challenges such as high implementation costs and limited professional availability persist. However, with industry leaders like Oracle and Sales force at the helm, the future looks promising.

Automation Software Market Overview and Analysis:
While automation software might seem specialized, it's transforming industries ranging from BFSI to Manufacturing. As businesses increasingly adopt automation software for various applications, the market is gaining momentum. The Automation Software Market is dedicated to developing software that enhances efficiency and functionality across multiple sectors. However, challenges like high implementation costs and limited professional availability might hinder growth. Despite these challenges, the market is poised for significant growth, driven by technological advancements and increasing demand from various industries.

Latest Automation Software Market Trends and Innovations:
Technological advancements are leading to the development of more efficient and versatile software solutions. For instance, the integration of AI and robotic process automation (RPA) services is becoming increasingly common. The government of the US announced in 2021 that it would spend USD 10.9 Billion on intelligent process automation (IPA). Moreover, automation software is revolutionizing the manufacturing business by improving organizational efficiency. With 75% of marketing professionals already using at least one marketing automation software, the potential for growth in this sector is evident.

Major Growth Drivers of the Automation Software Market:
The growing need for automation in quality and reliable operations: Businesses are increasingly looking to automate their operations in order to improve quality and reliability. Automation can help to reduce human error, improve efficiency, and ensure consistency.
Widespread adoption of industry 4.0 & technology architecture: Industry 4.0 is a term used to describe the fourth industrial revolution, which is characterized by the use of advanced technologies such as automation, big data, and artificial intelligence. These technologies are being adopted by businesses of all sizes in order to improve efficiency, productivity, and competitiveness.
The rising adoption of emerging digital industrialization such as IIoT: IIoT is a term used to describe the Industrial Internet of Things, which is the use of sensors and other devices to collect data from industrial equipment and machines. This data can then be used to improve efficiency, productivity, and decision-making.

Key Challenges Facing the Automation Software Industry:
Limited professional availability and security awareness: There is a shortage of skilled professionals with the knowledge and experience to implement and maintain automation software. This shortage is leading to increased costs and delays in projects. In addition, many businesses are not aware of the security risks associated with automation software, which can lead to data breaches and other security incidents.
High implementation costs for industrial automation solutions: Industrial automation solutions can be expensive to implement. This is due to the cost of the software, the hardware required to run it, and the cost of training and support. The high cost of implementation can be a barrier for businesses that are considering adopting automation solutions.
The lack of developed infrastructure in developing countries for the adoption of advanced devices: Developing countries often lack the infrastructure needed to support the adoption of advanced devices. This includes things like reliable power supplies, high-speed internet, and trained personnel. The lack of infrastructure can make it difficult for businesses in developing countries to adopt automation solutions.

Market Segmentation Insights

Based on Product:
● On-premises
● Cloud

Based on Application:
● IT and Telecoms
● BFSI
● Travel and Hospitality
● Retail and Consumer Goods
● Education
● Healthcare and Life Sciences
● Manufacturing
● Media and Entertainment
● Other

Overview by Region of the Automation Software Market:
While North America currently dominates the automation software market, the Asia-Pacific region is expected to witness the fastest growth due to high government spending on infrastructure and rapid industrialization.

Automation Software Market Table of Content:

CHAPTER 1. Industry Overview of Automation Software Market

CHAPTER 2. Research Approach

CHAPTER 3. Market Dynamics And Competition Analysis

CHAPTER 4. Automation Software Market By Product

CHAPTER 5. Automation Software Market By Application

CHAPTER 6. North America Automation Software Market By Country

CHAPTER 7. Europe Automation Software Market By Country

CHAPTER 8. Asia Pacific Automation Software Market By Country

CHAPTER 9. Latin America Automation Software Market By Country

CHAPTER 10. Middle East & Africa Automation Software Market By Country

CHAPTER 11. Player Analysis Of Automation Software Market

CHAPTER 12. Company Profile

List of Key Players in the Global Market:
Prominent players in the market include ClickDimensions, Act-On Software, Oracle, ActiveCampaign, Sendinblue, SAS, Acoustic, Salesforce, GetResponse, and HubSpot.

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