Press release
Soaring Demand Set to Propel Automation Software Market to $823.86 Billion by 2029
Automation Software Market
Automation Software Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a considerable growth in the size of the automation software market. The market, which is expected to be at $491.48 billion in 2024, is forecasted to expand to $529.72 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.8%. The significant growth in the historical period can be credited to the rising acceptance of industrial technologies, an increase in the need to eliminate human error, a surge in the demand for enhanced performance, and expansion of automation systems.
Automation Software Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, we anticipate a fast-paced expansion in the automation software market, which is forecasted to reach a valuation of $823.86 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 11.7%. Factors driving this growth during the forecast period comprise the increasing need for automated reliable processes, the high uptake for mass production with reduced operational costs, the extensive application of Industry 4.0, and the growing adoption of emerging digital industrial technologies. The forecast period is also set to witness various significant trends like technological breakthroughs, advanced device adoption, innovation in intelligent process automation, and a surge in investments in automation across different industry sectors.
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What Are the Drivers Transforming the Automation Software Market?
The anticipated boost in the automation software market is credited to the escalating utilization of Industrial Internet of Things (IIoT) and cloud-based solutions. These utilize networks of interconnected industrial machinery and devices that employ cloud computing to conveniently gather, scrutinize, and administer data, thus leading to boost in productivity, operational efficiency, and informed decision making. The need for IIoT and cloud-based solutions springs from the requirement for improved connectivity, instant data examination, and the capability to supervise remotely. Automation software is used by these systems to monitor and manage industrial operations and processes, optimize operations, and drive industrial efficiencies. For example, a report by the UK-based GSM Association in May 2022 predicted that by 2025, IoT-related connections would exceed 23 billion, a significant rise from the 15.1 billion obtained in 2021. On top of this, data from the European Commission (EC) in December 2023 indicated that the uptake of cloud-based solutions within the European Union had risen by 4.2% in 2023, meaning that 4.2% of enterprises were purchasing these services, a marked contrast from the scenario in 2021. In conclusion, the growth in the automation software industry is principally driven by IIoT and cloud-based solutions.
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What Long-Term Trends Will Define the Future of the Automation Software Market?
Leading participants in the automation software market are centring their efforts on the creation of innovative solutions, such as work automation platforms, as a strategy to maintain their market competitiveness. These platforms consist of software solutions that offer a unified platform for users to develop, implement, oversee, and enhance automated procedures and operations, entirely eradicating the need for human involvement. As an example, V7, a UK-based firm specializing in healthcare automation, unveiled V7 Go in April 2024. This work automation platform uses foundation models to consistently automate recurring tasks. Utilizing generative AI, it learns how to repeatedly and meticulously automate tasks on a large scale. Its early areas of focus constitute back-office roles like data entry and administration where it achieves performance equivalent to a human within the first few hours of its use.
Which Segments in the Automation Software Market Offer the Most Profit Potential?
The automation softwaremarket covered in this report is segmented -
1) By Product: On-Premises, Cloud
2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Application: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecoms, Retail And Consumer Goods, Travel And Hospitality, Healthcare And Life Sciences, Education, Media And Entertainment, Manufacturing, Other Applications
Subsegments:
1) By On-Premises: Enterprise Resource Planning (ERP) Software, Customer Relationship Management (CRM) Software, Manufacturing Automation Software, IT Process Automation (ITPA) Software, Business Process Management (BPM) Software, Others
2) By Cloud: Cloud-Based ERP Software, Cloud-Based CRM Software, Cloud-Based BPM Software, Cloud-Based IT Process Automation (ITPA) Software, Robotic Process Automation (RPA) Software, Artificial Intelligence (AI) And Machine Learning-Based Automation Tools, Others
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Which Firms Dominate the Automation Software Market by Market Share and Revenue in 2025?
Major companies operating in the automation software market are Microsoft Corporation, Amazon Web Services (AWS), accenture* plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, NetSuite Inc., SAP SE, Salesforce Inc., Workday Inc., Red Hat 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
Which Regions Offer the Highest Growth Potential in the Automation Software Market?
North America was the largest region in the automation software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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