The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Industrial Automation Software Global Market Report 2024 offers crucial insights into the industrial automation software market help businesses analyse and build stronger strategies.

Market Growth Overview

The industrial automation software market has been experiencing rapid growth in recent years. In 2023, the market size was $39.90 billion and is expected to increase to $44.11 billion by 2024, with a compound annual growth rate (CAGR) of 10.5%. Several factors have contributed to this growth:

• Need for Mass Production: Increased demand for mass production with reduced operation costs.
• Rising Demand for AR Technology: Augmented reality (AR) technology is enhancing the capabilities of automation software.
• Growth of Industrial Automation Software: As industries continue to automate, the need for advanced software solutions is increasing.

Future Market Projections

The market is projected to grow even more significantly in the coming years. By 2028, the industrial automation software market is expected to reach $66.30 billion, with a CAGR of 10.7%. Key drivers of this growth include:

• Adoption of Industrial IoT: Growing use of Internet of Things (IoT) devices in industrial settings.
• Government Initiatives: Increased governmental support for industrial automation.
• Investment in Industrial Operations: More investments are being made to enhance industrial operations.

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Rising Adoption of IoT Devices

The growing adoption of IoT devices is a major factor driving the industrial automation software market. IoT devices enable:

• Real-Time Monitoring: Enhances the ability to monitor operations in real-time.
• Predictive Maintenance: Allows for proactive maintenance, reducing downtime.
• Data-Driven Decision Making: Facilitates better decision-making through data analysis.

For example, the GSM Association reported over 23 billion IoT connections are expected by 2025, up from 15.1 billion in 2021. This significant growth is propelling the industrial automation software market forward.

Leading Companies in the Market

Several major companies are leading the way in the industrial automation software market:

• Tech Giants: Amazon Web Services (AWS), Accenture plc, IBM, Cisco Systems Inc., Oracle Corporation, and Salesforce Inc.
• Software Providers: SAP SE, Workday Inc., Infor Inc., OpenText Corporation, SAS Institute Inc., and HubSpot Inc.
• Specialized Firms: Puppet Inc., Qualisystems Ltd., ActiveCampaign LLC, and Push Engage LLC.

Transforming Industrial Manufacturing

Companies in the industrial automation software market are increasingly adopting new digital technologies, such as next-generation automation architectures, to stay competitive. These technologies offer:

• Software-Centric Platforms: Provide more flexible and scalable solutions.
• Optimized Solutions: Deliver secure and efficient solutions tailored to industrial clients.

For instance, Emerson Electric Co. launched the Boundless Automation software in February 2024, which aims to revolutionize industrial manufacturing by leveraging advanced software capabilities.

Expansion and Acquisitions

Expansion through acquisitions is another trend in the industrial automation software market. A notable example is:

• Foodmate BV’s Acquisition: In December 2023, Foodmate BV acquired Barth Industrial Automation, enhancing its portfolio with new software solutions for industrial automation.

This acquisition helps Foodmate expand its core product offerings and supports new product development in the automation sector.

Market Segmentation

The industrial automation software market is segmented based on several criteria:

• By Product: Includes SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, and more.
• By Deployment Type: On-premise and cloud-based solutions.
• By End User: Industries such as oil and gas, chemicals, pharmaceuticals, mining, food and beverage, power, automotive, and more.

Regional Insights

• North America: Was the largest region in the industrial automation software market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region, driven by rapid industrialization and technological adoption.

The industrial automation software market is poised for significant growth, driven by technological advancements, increased adoption of IoT, and strategic expansions by key players. As industries continue to automate and optimize their operations, the demand for sophisticated software solutions is expected to rise.

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The Industrial Automation Software Global Market Report 2024  provides a comprehensive outlook of the industrial automation software market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial automation software market forecast offers a thorough analysis on industrial automation software market size, industrial automation software market share, prominent players and their strategies.

The Table Of Content For The Industrial Automation Software Market Include:
1. Industrial Automation Software Market Executive Summary
2. Industrial Automation Software Market Segments
3. Industrial Automation Software Market Size And Industrial Automation Software Market Growth Rate
4. Key Industrial Automation Software Market Trends
5. Major Industrial Automation Software Market Drivers
……
25. Key Mergers And Acquisitions In The Industrial Automation Software Market
26. Top Industrial Automation Software Companies
27. Industrial Automation Software Market Opportunities And Strategies
28. Industrial Automation Software Market, Conclusions And Recommendations
29. Appendix

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