Global Industrial Automation Software Market

Industrial Automation Software Market Size, Share, Growth Analysis, By Product (manufacturing execution system (MES), distributed control system (DCS)), By Deployment, By End use, By Region - Industry Forecast 2025-2032

Report ID: SQMIG20I2176 | Region: Global | Published Date: December, 2024
Pages: 250 | Tables: 106 | Figures: 76

Industrial Automation Software Market News

  • ABB and SKF signed a Memorandum of Understanding (MoU) in July 2022 to investigate the potential for cooperation in the automation of industrial processes. The organizations' joint efforts will help clients raise their production efficiency by identifying and evaluating options to enhance manufacturing capabilities.
  • Schneider Electric released EcoStruxure Automation Expert version 22.0 in May 2022, expanding the functionality of its software-driven universal automation solution. The solution's intimate connection with AVEVA apps enables end-to-end digital continuity.
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Industrial Automation Software Market size was valued at USD 52.95 Billion in 2023 and is poised to grow from USD 57.39 Billion in 2024 to USD 109.34 Billion by 2032, growing at a CAGR of 0.0839 during the forecast period (2025-2032).

There are few significant companies in the fairly competitive industrial automation software market. The major firms with a sizable market share are focusing on growing their consumer base internationally. To increase their market share and profitability, these companies are using strategic coordinated measures. 'Otis Elevator Company (USA) ', 'KONE Corporation (Finland) ', 'Schindler Group (Switzerland) ', 'ThyssenKrupp Elevator (Germany) ', 'Hitachi Ltd. (Japan) ', 'Mitsubishi Electric Corporation (Japan) ', 'Fujitec Co., Ltd. (Japan) ', 'Toshiba Elevator and Building Systems Corporation (Japan) ', 'Hyundai Elevator Co., Ltd. (South Korea) ', 'Canny Elevator Co., Ltd. (China) ', 'Orona Group (Spain) ', 'Express Lift Company (UK) ', 'Stannah Lifts Holdings Ltd. (UK) ', 'Savaria Corporation (Canada) ', 'IGV Group (Italy) ', 'SJEC Corporation (China) ', 'Sigma Elevator Company (South Korea) ', 'Kleemann Hellas SA (Greece) ', 'Bucher Hydraulics (Switzerland) ', 'Gulf Elevators & Escalators Co. Ltd. (Saudi Arabia)'

Government backing and efforts, the strong need for industrial automation for mass production, and increased pressure to cut operating costs are all contributing to the growth of the automation software industry. Enterprise-level solutions and product lifecycle management are in great demand worldwide. Mass production enables businesses to create more with fewer employees. Manufacturers utilize machines to make items more quickly rather than employing several employees to accomplish a task manually. As a result, businesses may offer their goods for less money without losing money. The rising use of automation in manufacturing demonstrates how quick technological advances have eliminated the need for human intervention in the development, design, and assembly of a product's component parts. Damage control is far less likely since automated inspection and identification of parts reduce time and are less error-prone. Even though it necessitates a sizable investment, an automated system provides a very favorable return in terms of operational expenses over the long term. In the upcoming years, this is anticipated to fuel a need for industrial automation software.

Over the past ten years, the supervisory control and data acquisition (SCADA) software has grown quickly. The SCADA system enables end-user industrial staff to examine data and reach important judgments from a distance. As it analyzes, distributes, and displays the data on the human-machine interface, it also contributes to minimizing the problems with a prompt response (HMI).

Europe is likely to dominate the market during the forecast period. One of the most progressive fields in German mechanical engineering is the robotics and automation sector. Among the top R&A businesses in the world are German OEMs. The main advantages of a global hub that accommodates robotics businesses from various market sectors are thought to be human-robot cooperation (HRC) and machine vision (MV) technology. There will be more uses for collaborative robots and traditional industrial robots as a result of technological advancements in artificial intelligence, including machine learning and deep learning.

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Global Industrial Automation Software Market

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