Industrial Automation Software Market Analysis | 2023-2028

Industrial Automation Software Market Analysis | 2023-2028

Industrial Automation Software Market Analysis | 2023-2028
Report code - SR2254 Delivery - 2 Weeks
Industrial Automation Software Market Size, Share, Trend, Forecast, Competitive Analysis, See more...

The Industrial Automation Software Market is expected to grow at an impressive CAGR of 8.4% during the forecast period”. 

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Market Dynamics

Introduction

Industrial automation software is the support system for controlling the complete industrial process. The industry's growing dynamic needs, which include complicated operations and processes, are driving the demand for industrial automation software. Industrial automation reduces the number of machine hours necessary for certain activities, which is only achievable with reliable software.

Market Drivers

The demand for industrial automation solutions is driven by technology breakthroughs impacting the factory floor, such as in-process control and robotic equipment. Over the previous two decades, software adoption has made significant progress in the industrial world. Automation solutions are projected to become more popular as the desire for enhanced performance and control of various operations grows.

The software has been identified as having applications across the entire manufacturing value chain, from product design to production and the extended supply chain. The potential and interest in industrial software have exploded with the introduction of new paradigms, such as the Industrial Internet of Things and Industry 4.0. 

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Product-Type Analysis

Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution Systems (MES), Human Machine Interface (HMI), and Programmable Logic Controller (PLC)

The SCADA product type will dominate the market throughout the forecast period.

End-User-Type Analysis

Automotive, Power Generation, Oil and Gas, and Others

The automotive sector dominated the market and is anticipated to experience significant growth through 2028.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific is expected to be the leading region in the market during the forecast period.

 

By Product Type

“The SCADA product type will dominate the market throughout the forecast period”.

The market is bifurcated into Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution Systems (MES), Human Machine Interface (HMI), and Programmable Logic Controller (PLC). The SCADA product type dominated the market of the industrial automation software market in 2022, and it is expected to maintain its dominance during the forecast period. 

Over the last decade, the supervisory control and data acquisition (SCADA) software market has grown rapidly. End-user industry employees can utilize the SCADA system to examine data and make critical choices remotely. It also helps to alleviate concerns by responding quickly by processing, distributing, and displaying data on the human-machine interface (HMI). PLC dominated the market for decades until Honeywell pioneered Distribution Control Systems (DCS), which replaced massive central mainframes with computers and minicomputers.

By End-User Type

“The automotive sector dominated the market and is anticipated to experience significant growth through 2028”.

The market is segmented into automotive, power generation, oil and gas, and others. The entire industrial automation software market was dominated by automotive, which is expected to grow at a significant rate till 2028. Automation software has revolutionized the automotive sector by providing organizations with numerous device management software and analytics solutions.

As a result, these solutions aid in increasing organizational efficiency. Increased adoption of automation software in the automotive industry is likely to fuel revenue growth owing to its high efficiency.

Regional Analysis

“Asia-Pacific is expected to be the leading region in the market during the forecast period”.

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to be the leading region in the market.

The region is expected to witness a considerable increase in revenue. In several countries of the region, increasing digitalization, technological improvements across industries, and shifting demographics are redefining the general work culture. Newer technologies, such as big data analytics and cloud technology, are being adopted by a variety of enterprises, which is increasing the demand for automation solutions.

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Key Players

To obtain a solid presence in the market, industry players are employing a variety of techniques such as production capacity growth, mergers and acquisitions, and new product development. The following are the key players in the Industrial Automation Software Market (arranged alphabetically)

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

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Industrial Automation Software Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

The industrial automation software market is estimated to grow at a healthy CAGR of 8.4% over the next five years.

The support system for controlling the complete industrial process is industrial automation software. The demand for industrial automation software is being driven by the industry's growing dynamic needs, which include complicated operations and processes. Industrial automation reduces the number of machine hours necessary for certain activities, which is only achievable with reliable software.

Asia-Pacific is estimated to be dominant in the industrial automation software market in the coming years.

The SCADA product type dominated the market of the industrial automation software market in 2022, and it is expected to maintain its dominance during the forecast period.

ABB Ltd, General Electric Company, HCL Technologies Limited, Hitachi Ltd., Honeywell International Inc., Parsec Automation Corporation, Rockwell Automation Inc., SAP SE, Schneider Electric SE, and Siemens AG are some of the key players in the market.

The market is studied from 2017-2028.