Who are the key vendors in the Global Industrial Automation Software Market?

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. 'Siemens AG', 'ABB Ltd.', 'Schneider Electric SE', 'Honeywell International Inc.', 'Mitsubishi Electric Corporation', 'General Electric Company', 'Rockwell Automation Inc.', 'Yokogawa Electric Corporation', 'Emerson Electric Co.', 'Advantech Co. Ltd.', 'Fanuc Corporation', 'Omron Corporation', 'Bosch Rexroth AG', 'National Instruments Corporation', 'Aspen Technology Inc.', 'Dassault Systèmes SE', 'PTC Inc.', 'Schneider Electric Software LLC', 'Wonderware (Schneider Electric)', 'Endress+Hauser AG'

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 Insights

Global Industrial Automation Software Market size was valued at USD 191.89 billion in 2022 and is poised to grow from USD 205.86 billion in 2023 to USD 441.7 billion by 2031, growing at a CAGR of 8.84% in the forecast period (2024-2031).

The need for industrial automation software is being driven by the increasingly dynamic requirements of diverse sectors as well as sophisticated operations and procedures. It reduces the number of machine hours needed for processes, which is only achievable with reliable software.

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).

The adoption of SCADA, HMI, and PLC systems, as well as software like MES, APM, APC, PLM, and OTS, and control system software that gives visualization, has been significantly influenced by the ability to connect industrial machinery and equipment and collect real-time data.

These systems aid in lowering product flaws, decreasing downtime, planning maintenance, shifting from a reactive to a predictive state, and establishing prescriptive decision-making stages.

Smart factory automation, also known as the Industrial Internet of Things (IIoT) and Industry 4.0, is a new technology approach to the creation, manufacturing, and administration of the logistics chain. With equipment and gadgets connected to the internet, these tendencies are prevailing in the industrial sector.

The installation of industrial automation technologies, however, comes with a considerable initial cost. Additionally, acquiring and training people who can handle the solution adds to the overall cost, which might impede market expansion.

US Industrial Automation Software Market is poised to grow at a sustainable CAGR for the next forcast year.

Industrial Automation Software Market Report Snapshots

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Numerous sectors have benefited from automation in various ways, including easier monitoring, reduced waste, and faster output. Automation provides clients more consistent, dependable goods that are delivered on time, at a significantly lower cost, and with higher quality.

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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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

Industrial Automation Software Market Insights

Industrial Automation Software Market Report Snapshots

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