About Industrial Automation Device Manager Software
Industrial Automation Device Manager Software are comprehensive digital tools which enable the companies to operate, monitor, assess and make better decision regarding each system and asset in the firm. They allow for seamless flow of data across all the assets of the firm, which allows firms to manage the systems in a more efficient way. Such as reducing the wear and tear or predicting in the threshold to the breakdown of the machine, etc. Growing adoption of automation by businesses as well as growing adoption of internet services as IoT has accelerated the growth of the industrial automation device manager software market. Recent Pandemic led lockdowns has also surged the need for automated system and associated technologies. North America is currently the largest market of the industrial automation device manager software.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Ltd. (Switzerland), Honeywell International Inc. (United States), Omron Corporation (United States), Siemens AG (Germany), Schneider Electric SE (France), General Electric Co. (United States), Emerson Electric Co. (United States), Yokogawa Electric Corp. (Japan), Rockwell Automation Inc. (United States), Mitsubishi Electric Corporation (Japan) and Moxa Technologies (Taiwan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Automation Device Manager Software market by and Region.
On the basis of geography, the market of Industrial Automation Device Manager Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Energy and Utilities will boost the Industrial Automation Device Manager Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the Industrial Automation Device Manager Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud Based will boost the Industrial Automation Device Manager Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cloud Based Solutions are rising in Popularity due to Reduced Operational Costs
Market Growth Drivers:
Increasing Adoption of Automation, Advancement in Technology and Rising Competition has Stimulated Companies to Reduce Operational Costs
Challenges:
Less Skilled Professionals Present in Developing Countries
Restraints:
Lack of Required IT and Telco Infra in Developing Countries
Opportunities:
SMEs are the Largest Pool of Untapped Market
Market Leaders and their expansionary development strategies
In 2020, Emerson Electric Co., a United States based Multinational Corporation specialising in automation solutions across multiple industrial and residential domains has announced acquisition of Progea Group, which is an industrial leader in IoT, human machine interface, plant analytics and SCADA systems. Emerson can capitalise on Progea’s product portfolio by integrating it with its own embedded software and control portfolio. This will further lower the costs for customers and expanding the market scope of the Emerson Electric Co.
In 2020, Rockwell Automation, an America based industry leader in industrial automation and information technology has announced acquisition of Fiix Inc., which is a provider of cloud-based computerized maintenance management system software solutions for maintenance and asset management. This acquisition will aid Rockwell’s customers to get complete 360 degree monitoring and data flow from all the assets owned by the company, thus providing them essential data with each individual assets performance.
Key Target Audience
Industrial Automation Device Manager Software Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.