About Industrial Automation Software
Industrial Automation software is a technology that automates mundane and repetitive tasks in organizations, thus helping in workforce optimization and reduce operational cost. The industrial automation software consists of various tools and system including control systems which is comprised of computers or robots, and information technologies for handling different processes and machinery in an industry to replace a human being. By combining machine-to-machine (M2M) communication, HMI & SCADA, industrial big data analytics, technology, cybersecurity, the IIoT is driving unprecedented levels of efficiency, productivity, and performance.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 7.98% |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Industrial Automation Software market throughout the forecasted period. 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 (Switzerland), Emerson Electric (United States), Honeywell (United States), Rockwell Automation (United States), Siemens (Germany), Schneider Electric (France), Yokogawa (Japan) and Aspen Technology (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Automation Software market by Type (SCADA software, DCS software, MES, HMI software and PLC software), Application (Process industry, Discrete industry and Others) and Region.
On the basis of geography, the market of Industrial Automation 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. Automotive will boost the Industrial Automation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Cloud-Based will boost the Industrial Automation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Virtualization of automation control systems and Rise in deployment of robotic automation across the various industries
Market Growth Drivers:
Need to reduce overall operational expenses and The growing need for eco-friendly technologies and ability to reduce the operational costs
Challenges:
Increasing cyber security threats
Restraints:
Lack of technological awareness among the end users in emerging economies
Opportunities:
Growing need of Industrial Internet of Things Technology (IIoT)across the globe
Market Leaders and their expansionary development strategies
In July 2021, Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, has announced the first company to be designated as a Platinum OEM Partner in the newly evolved global Original Equipment Manufacturer (OEM) Partner Program.
In April 2021, Emerson has launched Rosemount TankMaster Mobile the world’s first cross-platform inventory management software application for tank gauging systems providing immediate secure access to critical tank data.
Key Target Audience
Software Providers, Network Providers, IT & Telecom Industry, End-User and Others
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.