Industrial Automation Software Market Evolution: Growth Drivers and Strategies of Leading Players

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Growing need to reduce human errors and increase time efficiency and less availability of skilled manpower are key factors driving market revenue growth

The global industrial automation software market size reached USD 33.54 billion in 2020 and is expected to register a revenue CAGR of 7.8% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of cloud-based industrial automation software is expected to drive market revenue growth in 2021-2028. Besides, growing need for industrial automation software to reduce human errors and increase time efficiency will boost market growth. Demand for automation software has been increasing at a rapid pace. Adoption of cloud-based industrial automation software has been increasing across various industries, including oil and gas, chemicals, pharmaceuticals, automotive, machine manufacturing, and others, are rapidly. Such software ensures secure access to various automated systems through different output devices, and further enables enterprises to access data remotely using computers. These are some major factors driving growth of the global industrial automation software market revenue.

The report studies the historical data of the Industrial Automation Software market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Industrial Automation Software industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Industrial Automation Software market.

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Competitive Terrain:

The global Industrial Automation Software industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Siemens AG, Hitachi Ltd., General Electric Company, Honeywell International Inc., SAP SE, Schneider Electric SE, ABB Ltd., HCL Technologies Limited, Rockwell Automation Inc., and Parsec Automation Corporation

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Industrial Automation Software market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Industrial Automation Software market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Industrial Automation Software market.

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Market Segmentations of the Industrial Automation Software Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Industrial Automation Software market on the basis of product, application, and region:

Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2018–2028)

    • Supervisory Control and Data Acquisition (SCADA)
    • Distributed Control System (DCS)
    • Manufacturing Execution Systems (MES)
    • Human Machine Interface (HMI)
    • Programmable Logic Controller (PLC)
  • Deployment Outlook (Revenue, USD Billion; 2018–2028)

    • On-premise
    • On-cloud
  • End Use Outlook (Revenue, USD Billion; 2018–2028)

    • Process Industry
      1. Oil and Gas
      2. Chemicals
      3. Paper and Pulp
      4. Pharmaceuticals
      5. Mining and Metals
      6. Food and Beverages
      7. Power
      8. Others
    • Discrete Industry
      1. Automotive
      2. Machine Manufacturing
      3. Semiconductor and Electronics
      4. Aerospace and Defence
      5. Medical Devices
      6. Others

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Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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