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Industrial Automation Market Size, Share | Growth Report 2024-2033
Industrial Automation Market Size
As per the report, the industrial automation software market size has grown rapidly in recent years. It will grow from $39.90 billion in 2023 to $44.11 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The industrial automation software market size is expected to see rapid growth in the next few years. It will grow to $66.30 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%.
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Industrial Automation Software Market Surges With Increasing Adoption Of IoT Devices
The rising adoption of IoT devices is expected to propel the growth of the industrial automation software market forward. IoT devices are physical objects embedded with sensors, software, and connectivity features that enable them to collect, exchange, and act on data, facilitating automation, optimization, and enhanced functionality across various domains. The demand for IoT is increasing due to its potential to revolutionize industrial operations by enabling real-time monitoring, predictive maintenance, and data-driven decision-making, leading to improved efficiency, productivity, cost savings, and competitive advantage. The use of IoT technologies improves the capabilities of industrial automation software by enabling real-time data insights, remote monitoring and control, predictive maintenance, asset tracking, energy management, and scalability, thereby increasing efficiency, productivity, and competitiveness in industrial environments. For instance, in May 2022, according to a report from the GSM Association, a UK-based non-profit industry organization that represents the interests of mobile network operators worldwide, there will be over 23 billion connections on the Internet of Things (IoT) by 2025, compared to 15.1 billion in 2021. Therefore, the rising adoption of IoT devices is driving the growth of the industrial automation software market.
Transforming Industrial Manufacturing with Next-Generation Architecture
Major companies operating in the industrial automation software market are focused on adopting new digital industrial technologies, such as next-generation automation architecture, to gain a competitive edge in the market. A next-generation automation architecture provides a software-centric, flexible, and scalable automation platform that can deliver more secure and optimized solutions for industrial clients. For instance, in February 2024, Emerson Electric Co., a US-based manufacturing company, launched the Boundless Automation software, a next-generation automation architecture aimed at revolutionizing industrial manufacturing by breaking down data silos, liberating data, and harnessing the power of software. This innovative software is designed to address challenges in the industry and assist customers in achieving operational improvements.
The industrial automation software market covered in this report is segmented -
1) By Product: Supervisory Control And Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution Systems (MES), Human Machine Interface (HMI), Programmable Logic Controller (PLC), Information Technology (IT) And Software Environment Integration Solutions, Production Process Test Systems, Automated Material Handling Systems, Coordinated Data Management Systems, Other Products
2) By Deployment Type: On-Premise, Cloud-Based
3) By End User: Oil And Gas, Chemicals And Materials, Paper And Pulp, Pharmaceuticals And Biotech, Mining And Metals, Food And Beverage, Power, Consumer Goods, Automotive, Other End Users
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Major companies operating in the industrial automation software market are Amazon Web Services (AWS), International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, NetSuite Inc., SAP SE, Salesforce Inc., Workday Inc., Infor Inc., OpenText Corporation, Citrix Systems Inc., SAS Institute Inc., HubSpot Inc., Epicor Software Corporation, Progress Software Corporation, Deltek Inc., ActiveCampaign LLC, Canonical Ltd., Acoustic L.P., GetResponse Sp. z o.o., Puppet Inc., Act-On Software Inc., Qualisystems Ltd., ActiveTrail Ltd., Push Engage LLC
Contents of the report:
1. Executive Summary
2. Industrial Automation Software Market Report Structure
3. Industrial Automation Software Market Trends And Strategies
4. Industrial Automation Software Market - Macro Economic Scenario
5. Industrial Automation Software Market Size And Growth
…..
27. Industrial Automation Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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