Europe Industrial Automation Software Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The European industrial automation software market is expected to witness a CAGR of over 8.2% during the forecast period. Industrial automation helps in reducing the machine hours required for the respective operations, which can be made possible only through robust software.
Key HighlightsThe Europe industrial automation software market is considered a moderately consolidated market with many players. However, a majority share of the market is divided among a few players such as Siemens AG, ABB Ltd., IBM Corporation, Emerson Electric Co., and Rockwell Automation. Innovations in the market require the developers to understand the industrial process better to deliver a suitable solution and drive close collaboration among the stakeholders during development and customization to suit the end users' needs.
In April 2022, ABB signed a memorandum of understanding (MOU) with Savannah Resources PLC to explore industrial automation and smart electrification solutions for developing Savannah's Barroso Lithium Project in northern Portugal.
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