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 demand for industrial automation software is escalating due to the evolving needs of various sectors and the complexity of operations. This software boosts efficiency by minimizing machine hours and enhancing monitoring, resulting in reduced waste and accelerated production. Automated systems deliver consistent, high-quality products on time and at lower costs. The integration of SCADA, HMI, and PLC systems, along with MES, APM, and other control software, enables real-time data collection, thus reducing product defects, minimizing downtime, and promoting predictive maintenance. The rise of Smart Factory Automation, driven by IIoT and Industry 4.0, is reshaping industry practices. However, high initial investments and the need for specialized personnel can hinder market growth. Nonetheless, the US Industrial Automation Software Market is projected to maintain a steady CAGR in the coming year.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Industrial Automation Software market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Industrial Automation Software Market Segmental Analysis
Global Industrial Automation Software Market is segmented by Product, Deployment, End use and region. Based on Product, the market is segmented into Manufacturing Execution System (MES), Distributed Control System (DCS), Supervisory Control, Data Acquisition (SCADA), Human Machine Interface (HMI), Programmable Logic Controller (PLC), IT & Software Environment Integration Solutions, Production Process Test Systems, Automated Material Handling Systems, Coordinated Data Management Systems, Automatic Storage & Retrieval Systems. Based on Deployment, the market is segmented into On-Premise, Cloud-Based. Based on end use, the market is segmented into Oil & Gas, Chemicals & Materials, Paper & Pulp, Pharmaceuticals & Biotech, Mining & Metals, Food & Beverage, Power, Consumer Goods, Automotive, Machines & Tools, Semiconductors & Electronics, Aerospace & Defense. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Industrial Automation Software Market
The Global Industrial Automation Software market is experiencing significant growth driven by several key factors. A substantial increase in investments aimed at enhancing industrial operations is propelling this growth. Strong government support, along with the escalating demand for mass production and the imperative to reduce operating costs, has intensified the focus on automation solutions. There is a notable demand for enterprise-level solutions and product lifecycle management on a global scale. The shift towards mass production allows companies to maximize output while minimizing workforce requirements, leading to cost-effective pricing strategies. Additionally, the integration of automated processes in manufacturing, thanks to rapid technological advancements, reduces human intervention in product design, development, and assembly. Automated systems offer improved accuracy in inspections, decreasing the likelihood of errors, and ultimately making a compelling case for investments in industrial automation software-which promise significant long-term savings in operational costs. Therefore, the increasing automation in manufacturing is anticipated to spur further demand for industrial automation software in the coming years.
Restraints in the Global Industrial Automation Software Market
The Global Industrial Automation Software market faces significant constraints primarily due to the high initial investment associated with implementing new technologies and training personnel. This financial burden, often substantial, can deter companies, particularly small and medium-sized enterprises, from embracing automation solutions. Additionally, the unpredictable nature of capital returns within this fragmented industry further complicates decision-making. As a result, potential adopters remain cautious, weighing the considerable costs against the uncertain benefits, which ultimately hinders market growth. The reluctance to invest in advanced automation technologies stems from the fear of inadequate returns, creating a barrier to wider adoption in the sector.
Market Trends of the Global Industrial Automation Software Market
The Global Industrial Automation Software market is witnessing significant growth, driven largely by the rapid advancement of Supervisory Control and Data Acquisition (SCADA) systems over the past decade. This software is pivotal in empowering industrial personnel to remotely monitor and assess critical data, enhancing decision-making processes and operational efficiency. The seamless integration of SCADA systems with Human-Machine Interfaces (HMI) facilitates real-time data analysis, dissemination, and visualization, leading to quicker response times and reduced operational issues. As industries increasingly embrace automation to optimize workflows and improve productivity, the demand for innovative industrial automation software solutions is expected to rise substantially in the coming years.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technological Advancement
Regulatory Landscape
Case Studies
Customer & Buying Criteria Analysis
Global Industrial Automation Software Market Size by Product & CAGR (2024-2031)
Market Overview
Manufacturing Execution System (MES)
Distributed Control System (DCS)
Supervisory Control, Data Acquisition (SCADA)
Human Machine Interface (HMI)
Programmable Logic Controller (PLC)
IT & Software Environment Integration Solutions
Production Process Test Systems
Automated Material Handling Systems\Coordinated Data Management Systems
Automatic Storage & Retrieval Systems
Global Industrial Automation Software Market Size by Deployment & CAGR (2024-2031)
Market Overview
On-Premise
Cloud-Based
Global Industrial Automation Software Market Size by End use & CAGR (2024-2031)
Market Overview
Oil & Gas
Chemicals & Materials
Paper & Pulp
Pharmaceuticals & Biotech
Mining & Metals
Food & Beverage
Power
Consumer Goods
Automotive
Machines & Tools
Semiconductors & Electronics
Aerospace & Defense
Global Industrial Automation Software Market Size & CAGR (2024-2031)
North America, (Product, Deployment, End use)
US
Canada
Europe, (Product, Deployment, End use)
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific, (Product, Deployment, End use)
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America, (Product, Deployment, End use)
Brazil
Rest of Latin America
Middle East & Africa, (Product, Deployment, End use)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2023
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2021-2023)
Key Company Profiles
Otis Elevator Company (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
KONE Corporation (Finland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Schindler Group (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
ThyssenKrupp Elevator (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hitachi Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Mitsubishi Electric Corporation (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Fujitec Co., Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Toshiba Elevator and Building Systems Corporation (Japan)