Report ID: SQMIG20I2010 | Region: Global | Published Date: April, 2023 | Pages: 250 | Tables: 106 | Figures: 76
Global Industrial Automation Software Market size was valued at USD 191.89 billion in 2021 and is poised to grow from USD 205.86 billion in 2022 to USD 441.7 billion by 2030, growing at a CAGR of 8.84% in the forecast period (2023-2030).
The need for industrial automation software is being driven by the increasingly dynamic requirements of diverse sectors as well as sophisticated operations and procedures. It reduces the number of machine hours needed for processes, which is only achievable with reliable software.
Numerous sectors have benefited from automation in various ways, including easier monitoring, reduced waste, and faster output. Automation provides clients more consistent, dependable goods that are delivered on time, at a significantly lower cost, and with higher quality.
The adoption of SCADA, HMI, and PLC systems, as well as software like MES, APM, APC, PLM, and OTS, and control system software that gives visualization, has been significantly influenced by the ability to connect industrial machinery and equipment and collect real-time data.
These systems aid in lowering product flaws, decreasing downtime, planning maintenance, shifting from a reactive to a predictive state, and establishing prescriptive decision-making stages.
Smart factory automation, also known as the Industrial Internet of Things (IIoT) and Industry 4.0, is a new technology approach to the creation, manufacturing, and administration of the logistics chain. With equipment and gadgets connected to the internet, these tendencies are prevailing in the industrial sector.
The installation of industrial automation technologies, however, comes with a considerable initial cost. Additionally, acquiring and training people who can handle the solution adds to the overall cost, which might impede market expansion.
US Industrial Automation Software Market is poised to grow at a sustainable CAGR for the next forcast year.
To get more reports on the above market click here to Buy The Report
The industrial automation software market is segmented on the basis of product. deployment, end-use and region. On the basis of product, the Industrial Automation Software Market is divided into manufacturing execution system (MES), distributed control system (DCS), supervisory control and data acquisition (SCADA), human machine interface (HMI), programmable logic controller (PLC), IT & software environment integration solutions, production process test systems, automated material handling systems, coordinated data management systems, and automatic storage & retrieval systems. On the basis of deployment the Industrial Automation Software Market is bifurcated into on-premise and cloud-based segments. On the basis of end-use the Industrial Automation Software Market is divided into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense and on the basis of region Industrial Automation Software Market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Industrial Automation Software Market Analysis by Product
The market is anticipated to be dominated by the supervisory control and data acquisition (SCADA) segment in 2022. SCADA manages automation tasks that are crucial for data analysis and makes decisions for improvement. Additionally, the segment's expansion is anticipated to be aided by the increasing demand for industrial automation solutions among businesses. But over the projected period, the human machine interface (HMI) category is anticipated to develop at the greatest CAGR.
Industrial Automation Software Market Analysis by Deployment Type
The global industrial automation software market is divided into on-premise and cloud-based segments depending on deployment method. The on-premise category is anticipated to have the biggest market share for industrial automation software in 2022. Industries use on-premise servers to have complete security control. But over the projected period, the cloud-based category is anticipated to develop at the greatest CAGR.
Industrial Automation Software Market Analysis by End-user
The oil and gas industry is anticipated to hold the greatest market share for industrial automation software in 2022. Drilling operations, diagnostics and inspections, pipeline monitoring systems, weather monitoring systems, and pressure and flow systems are some of the key sectors in the oil and gas industry that are greatly impacted by automation. Given its high costs and safety dangers, drilling is one of the key industries that needs automation.
However, due to the rising use of IoT and process automation solutions, the chemicals & materials category is anticipated to develop at the greatest CAGR over the projection period. Cost containment is required in the chemical sector due to the fierce worldwide rivalry and lack of product differentiation. Automation solutions provide two advantages in such a setting: innovation in the consumer-important areas and increased cost effectiveness through streamlined production. The IIoT and automation technologies may help the chemicals and materials sector regulate the prices of energy and raw materials, which will further be projected to open up prospects for market expansion.
To get detailed analysis on other segments, Request For Sample Report
Europe is likely to dominate the market during the forecast period. One of the most progressive fields in German mechanical engineering is the robotics and automation sector. Among the top R&A businesses in the world are German OEMs. The main advantages of a global hub that accommodates robotics businesses from various market sectors are thought to be human-robot cooperation (HRC) and machine vision (MV) technology. There will be more uses for collaborative robots and traditional industrial robots as a result of technological advancements in artificial intelligence, including machine learning and deep learning.
Over the past ten years, Germany and Europe have seen rapid growth in the machine vision business. Other industries, such as the metal, food, and packaging, as well as non-manufacturing ones (such as intelligent traffic technology, medical diagnostic equipment, and surgical technologies), are increasingly using machine vision technology outside of the automotive industry and the electrical and electronics industries (including semiconductors).
During the forecast period of 2021-2028, Asia Pacific is expected to have a considerable growth rate. The majority of robots and factory automation systems are produced in Japan. The need for industrial automation in the area is influenced by the existence of robotics and factory automation products and manufacturing firms throughout Japan, including Omron Corp., Yaskawa Electric, Yokogawa Electric, Mitsubishi Electric, and Nidec Corp.
A significant supplier of sensors, batteries, microchips, and other loT system components is China. Additionally, government programs in India like Make in India and MSME help small and medium-sized companies embrace cutting-edge manufacturing techniques. The government's aggressive measures in this area are anticipated to fuel market expansion.
The sophisticated manufacturing capabilities and effective trading procedures used by businesses will cause North America to see tremendous growth in the years to come. Throughout the upcoming years, there will likely be noticeable expansion in the Middle East and Africa. Due to the region's growing digital transformation, artificial intelligence and robotic process automation adoption is expected to experience stable market expansion in South America. Brazil presents a significant potential for automation businesses due to the country's rising need for advanced technology.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Industrial Automation Software Market Drivers
Rise in Investment to Develop Industrial Operations will Boost Market Growth
Industrial Automation Software Market Restraints
Expensive Investment with Unsure Capital Returns to Hinder Market Growth
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
There are few significant companies in the fairly competitive industrial automation software market. The major firms with a sizable market share are focusing on growing their consumer base internationally. To increase their market share and profitability, these companies are using strategic coordinated measures.
Emerson announced the inauguration of a new integrated manufacturing plant in Chennai, Tamil Nadu's Mahindra World City, in February 2022. The company's Automation Solutions division, which offers industrial customers in India and throughout Asia solutions to boost productivity, safety, and environmental sustainability, will manufacture key items in the 145,000-square-foot facility.
Rockwell Automation stated in July 2021 that it will purchase Plex Systems for USD 2.22 billion in order to broaden its selection of industrial cloud software. Plex Systems is a purely cloud-native, software-as-a-service platform for smart manufacturing that operates at scale.
Industrial Automation Software Market Top Player's Company Profiles
Industrial Automation Software Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global industrial automation software market analysis, the key factors propelling the growth of the global market are an increase in demand for automation for high-quality and reliable manufacturing, an increase in demand for mass production with lower operating costs, and the emergence of Industry 4.0 & enabling technologies. For companies in this market, the increasing automation-driven sectors in developing nations provide considerable potential prospects. However, high upfront cost will hamper market growth.
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Industrial Automation Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Industrial Automation Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Industrial Automation Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Industrial Automation Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.