Overview and Scope
Industrial automation software refers to a category of computer programs designed to control and monitor industrial processes, machinery, and equipment. These software systems are integral components of modern industrial automation solutions, enabling the efficient and reliable operation of manufacturing plants, assembly lines, and other industrial facilities.
Sizing and Forecast
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 growth in the historic period can be attributed to the growth in need for mass production with reduced operation costs, need for industrial automation software, and rise in demand for augmented reality (AR) technology.
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%. The growth in the forecast period can be attributed to the rising adoption of Industrial IoT, government initiatives to promote industrial automation, and rise in investment to develop industrial operations. Major trends in the forecast period include automation solutions offering dual benefits of innovation, new technology approaches, adoption of Industry 4.0 principles for manufacturing, and adoption of new digital industrial technologies.
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Segmentation & Regional Insights
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
North America was the largest region in the industrial automation software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the industrial automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the industrial automation software market are Amazon Web Services (AWS), Accenture plc, 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
The industrial automation software market report table of contents includes:
1. Executive Summary
2. Industrial Automation Software Market Characteristics
3. Industrial Automation Software Market Trends And Strategies
4. Industrial Automation Software Market – Macro Economic Scenario
5. Global Industrial Automation Software Market Size and Growth
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32. Global Industrial Automation Software Market Competitive Benchmarking
33. Global Industrial Automation Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Automation Software Market
35. Industrial Automation Software Market Future Outlook and Potential Analysis
36. Appendix
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