Industrial Automation Software Market 2024-2028
The industrial automation software market is forecasted to grow by USD 4.80 bn during 2023-2028, accelerating at a CAGR of 2.34% during the forecast period. The report on the industrial automation software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to reduce overall operational expenses, emergence of automation software solutions on cloud, and increasing plant complexities.
Technavio's industrial automation software market is segmented as below:
By Product
- SCADA software
- MES
- DCS software
- HMI software
- PLC software
By End-user
- Process industry
- Discrete industry
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the integration of PLM and ERP in industrial automation software as one of the prime reasons driving the industrial automation software market growth during the next few years. Also, increasing need for open platform architecture for automation software and horizontal integration by automation solution providers will lead to sizable demand in the market.
The report on the industrial automation software market covers the following areas:
- Industrial automation software market sizing
- Industrial automation software market forecast
- Industrial automation software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial automation software market vendors that include ABB Ltd., Advantech Co. Ltd., AMETEK Inc., Baosteel Group Corp., Beckhoff Automation, Eaton Corp. PLC, Emerson Electric Co., General Electric Co., Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Oracle Corp., Parsec Automation Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Consultancy Services Ltd., Toshiba Corp., and Yokogawa Electric Corp.. Also, the industrial automation software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.