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The Industrial Automation Software Market is expected to reach a value of $59.5 billion by 2029, at a CAGR of 7.4% during the forecast period 2022–2029. An increase in demand for automation for qualitative & reliable manufacturing, the growing need for mass production with reduced operation costs, and the emergence of Industry 4.0 & enabling technologies are the key factors driving the growth of the global industrial automation software market. The emerging automation-driven industries in developing countries provide significant growth opportunities for players operating in this market.
The Impact of COVID-19 on the Global Industrial Automation Software Market
The outbreak of the COVID-19 pandemic has led to a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. These lockdowns have affected diverse industries, primarily due to the impact on manufacturing operations. There has been a significant impact on supply chains globally. Manufacturing & processing companies faced huge losses in the first and second quarters of 2020 due to disrupted supply chains and delayed production schedules. The rapid spread of the coronavirus in the U.S., Europe, and Asian countries resulted in nationwide lockdowns and a temporary halting of production facilities to prevent further spread.
The COVID-19 pandemic led to the downsizing of various businesses and negatively impacted the growth of the industrial automation software market. Many small- and medium-sized enterprises are unable to afford the large investment needed for deploying automation for processes. New strategies with the objective being on the rapid recovery of losses as restrictions have been lifted and more mobility and functionality resume.
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Growing Need for Mass Production with Reduced Operation Cost
The automation software market is growing due to government support and initiatives, high demand for industrial automation for mass production, and mounting pressure to reduce operational costs. Product lifecycle management and enterprise-level solutions are gaining high demand globally. Mass production enables companies to produce larger quantities with fewer workers. Instead of paying several workers to complete a task by hand, manufacturers use machines to produce goods faster. This allows companies to sell their products at a lower cost without losing profit. The increased use of automation in manufacturing shows how rapid advancements in technology have reduced the need for the human touch in refining, developing, and assembling the individual parts of a product. Automated inspection and identification of parts save time and are also less prone to errors, so the likelihood of damage control will be drastically lower. Even though it requires a significant investment, an automated system has an extremely positive return in the long run in terms of operational costs. This is expected to drive the demand for industrial automation software in the coming years.
Key Findings in the Global Industrial Automation Software Market Study:
The Human Machine Interface (HMI) Segment Projected to Grow at the Highest CAGR During the Forecast Period
Based on product, the human machine interface (HMI) segment is projected to grow at the highest CAGR during the forecast period. HMI enables workers to perform duties with the help of concise automation equipment via an interface instead of switches and levers. As a tool for convergence of visual computing and automation control systems, industrial automation with HMI systems usually consist of LCD panels, often with touch screen capability, mounted on the control consoles of industrial automation equipment. In industrial automation, HMI systems face challenges of creating scalable HMI product families with varying performance levels, scalable graphics resolutions, and different display types.
The Cloud-based Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Based on deployment type, the cloud-based segment is expected to grow at the highest CAGR during the forecast period. The number of vendors supplying cloud industrial automation software systems is rapidly growing due to the benefits offered by these systems, such as improved efficiency, mobility, business productivity, and capability.
The Chemicals & Materials Segment is Projected to Grow at Highest CAGR During the Forecast Period
Based on end user, the chemicals & materials segment is expected to grow at the highest CAGR during the forecast period due to the increasing implementation of IoT and process automation solutions. The chemical industry is witnessing intense global competition and low product differentiation, making cost control necessary. In such an environment, automation solutions offer dual benefits of innovation in the areas that matter to consumers and improved cost efficiency throughout optimized production. The chemicals & materials industry also needs to control raw material & energy costs, which can be achieved using IIoT and automation technologies.
North America to Witness Fastest Market Growth Rate
North America is expected to register the highest growth rate during the forecast period. Key factors contributing to this growth rate are increasing initiatives across various industries for boosting digitalization, the presence of key market players, growing demand for robotic solutions, and the need to improve productivity, quality, & safety of products.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the global industrial automation software market over the last four years. The key players profiled in the global industrial automation software market are Emerson Electric Co. (U.S.), ABB Ltd (Sweden), Siemens AG (Germany), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Rockwell Automation Inc. (U.S.), HCL Technologies Ltd.(India), Parsec Automation Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India), Hitachi, Ltd. (Japan), OMRON Corporation (Japan), Aegis Industrial Software Corporation (U.S.) and IBM Corporation (U.S.).
Scope of the Report
Industrial Automation Software Market, by Product
Industrial Automation Software Market, by Deployment Type
Industrial Automation Software Market, by End User
Industrial Automation Software Market, by Country
Key Questions Answered in the Report:
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Revenue Model
2.4. Market Assessment
2.4.1. Market Size Estimation
2.4.2. Calculation of Country/Regional Market Size for Product Segments: Bottom-up Approach
2.4.3. Calculation of Country/Regional Market Size for by Product, Deployment Type, and End User: Top-down Approach
2.4.3.1. Growth Forecast
2.4.3.2. Data Validation
3. Executive Summary
4. Covid-19: Impact Assessment
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Increase in Demand for Automation for Qualitative and Reliable Manufacturing
5.2.1.2. Growing Need for Mass Production with Reduced Operation Cost
5.2.1.3. Surge in Adoption of Industry 4.0 and Enabling Technologies
5.2.2. Restraints
5.2.2.1. Limited Availability of Professionals and Awareness Regarding Security
5.2.2.1. High Implementation Expenses for Factory Automation Solutions
5.2.3. Opportunities
5.2.3.1. Emerging Automation Driven Industries in Developing Countries
5.2.3.2. Growth Opportunity in Industrial Analytics Market
5.2.4. Challenges
5.2.4.1. Reluctance in Adoption of Industrial Automation Software by SMEs
5.2.4.1. Lack of Awareness and Knowledge About Different Industrial Automation Software
5.3. Value Chain Analysis
6. Global Industrial Automation Software Market, by Product
6.1. Introduction
6.2. Supervisory Control and Data Acquisition (SCADA)
6.3. Distributed Control System (DCS)
6.4. Manufacturing Execution Systems (MES)
6.5. Human Machine Interface (HMI)
6.6. Programmable Logic Controller (PLC)
6.7. IT and Software Environment Integration Solutions
6.8. Production Process Test Systems
6.9. Automated Material Handling Systems
6.10. Coordinated Data Management Systems
6.11. Automatic Storage and Retrieval Systems
7. Global Industrial Automation Software Market, by Deployment Type
7.1. Introduction
7.2. On-premise
7.3. Cloud-based
8. Global Industrial Automation Software Market, by End User
8.1. Introduction
8.2. Oil & Gas
8.3. Chemicals & Materials
8.4. Paper & Pulp
8.5. Pharmaceuticals & Biotech
8.6. Mining & Metals
8.7. Food & Beverage
8.8 Power
8.9 Consumer Goods
8.10 Automotive
8.11 Machines & Tools
8.12 Semiconductors & Electronics
8.13 Aerospace & Defense
8.14 Other End Users
9. Industrial Automation Software Market, by Geography
9.1. Introduction
9.2. Asia-Pacific
9.2.1. China
9.2.2. Japan
9.2.3. India
9.2.4. South Korea
9.2.5. Singapore
9.2.6. Rest of Asia-Pacific (RoAPAC)
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. Italy
9.3.4. Netherlands
9.3.5. Sweden
9.3.6. France
9.3.7. Spain
9.3.8. Rest Of Europe (RoE)
9.4. North America
9.4.1. U.S.
9.4.2. Canada
9.5. Latin America
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America (RoLATAM)
9.6. Middle East & Africa
9.6.1. South Africa
9.6.2. UAE
9.6.3. Saudi Arabia
9.6.4. Rest of Middle East & Africa (RoMEA)
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Key Players in Industrial Automation Software Market
10.4.1. Honeywell International Inc.
10.4.2. General Electric Company
10.4.3. ABB Ltd
11. Company Profiles
11.1. Emerson Electric Company
11.2. ABB Ltd
11.3. Siemens AG
11.4. General Electric Company
11.5. Schneider Electric SE
11.6. Honeywell International Inc.
11.7. Rockwell Automation Inc.
11.8. HCL Technologies Limited
11.9. Parsec Automation Corporation
11.10. SAP SE
11.11. Tata Consultancy Services Limited
11.12. Hitachi Ltd
11.13. OMRON Corporation
11.14. Aegis Industrial Software Corporation
11.15. IBM Corporation
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Global Industrial Automation Software Market Size, Product, 2020–2029 (USD Million)
Table 2 Supervisory Control and Data Acquisition (SCADA) Market Size, by Country/Region, 2020–2029 (USD Million)
Table 3 Distributed Control System (DCS)Market Size, by Country/Region, 2020–2029 (USD Million)
Table 4 Manufacturing Execution Systems (MES) Market Size, by Country/Region, 2020–2029 (USD Million)
Table 5 Human Machine Interface (HMI) Market Size, by Country/Region, 2020–2029 (USD Million)
Table 6 Programmable Logic Controller (PLC) Market Size, by Country/Region, 2020–2029 (USD Million)
Table 7 IT and Software Environment Integration Solutions Market Size, by Country/Region, 2020–2029 (USD Million)
Table 8 Production Process Test Systems Market Size, by Country/Region, 2020–2029 (USD Million)
Table 9 Automated Material Handling Systems Market Size, by Country/Region, 2020–2029 (USD Million)
Table 10 Coordinated Data Management Systems Market Size, by Country/Region, 2020–2029 (USD Million)
Table 11 Automatic Storage and Retrieval Systems Market Size, by Country/Region, 2020–2029 (USD Million)
Table 12 Global Industrial Automation Software Market Size, by Deployment Type, 2020—2029 (USD Million)
Table 13 On-premise Market Size, by Country/Region, 2020–2029 (USD Million)
Table 14 Cloud-based Market Size, by Country/Region, 2020–2029 (USD Million)
Table 15 Global Industrial Automation Software Market Size, End User, 2020—2029 (USD Million)
Table 16 Industrial Automation Software Market Size for Oil & Gas, by Country/Region, 2020–2029 (USD Million)
Table 17 Industrial Automation Software Market Size for Chemicals & Materials, by Country/Region, 2020–2029 (USD Million)
Table 18 Industrial Automation Software Market Size for Paper & Pulp, by Country/Region, 2020–2029 (USD Million)
Table 19 Industrial Automation Software Market Size for Pharmaceuticals & Biotech, by Country/Region, 2020–2029 (USD Million)
Table 20 Industrial Automation Software Market Size for Mining & Metals, by Country/Region, 2020–2029 (USD Million)
Table 21 Industrial Automation Software Market Size for Food & Beverage, by Country/Region, 2020–2029 (USD Million)
Table 22 Industrial Automation Software Market Size for Power, by Country/Region, 2020–2029 (USD Million)
Table 23 Industrial Automation Software Market Size for Consumer Goods, by Country/Region, 2020–2029 (USD Million)
Table 24 Industrial Automation Software Market Size for Automotive, by Country/Region, 2020–2029 (USD Million)
Table 25 Industrial Automation Software Market Size for Machines & Tools, by Country/Region, 2020–2029 (USD Million)
Table 26 Industrial Automation Software Market Size for Semiconductors & Electronics, by Country/Region, 2020–2029 (USD Million)
Table 27 Industrial Automation Software Market Size for Aerospace & Defense, by Country/Region, 2020–2029 (USD Million)
Table 28 Industrial Automation Software Market Size for Other End Users, by Country/Region, 2020–2029 (USD Million)
Table 29 Global Industrial Automation Software Market Size, by Country, 2020–2029 (USD Million)
Table 30 Asia-Pacific: Industrial Automation Software Market Size, by Country, 2020–2029 (USD Million)
Table 31 Asia-Pacific: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 32 Asia-Pacific: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 33 Asia-Pacific: Industrial Automation Software Market Size, by End User, 2020–2029 (USD Million)
Table 34 China: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 35 China: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 36 China: Industrial Automation Software Market Size, by End User, 2020–2029 (USD Million)
Table 37 Japan: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 38 Japan: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 39 Japan: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 40 India: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 41 India: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 42 India: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 43 South Korea: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 44 South Korea: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 45 South Korea: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 46 Singapore: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 47 Singapore: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 48 Singapore: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 49 Rest of Asia-Pacific: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 50 Rest of Asia-Pacific: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 51 Rest of Asia-Pacific: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 52 Europe: Industrial Automation Software Market Size, by Country, 2020–2029 (USD Million)
Table 53 Europe: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 54 Europe: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 55 Europe: Industrial Automation Software Market Size, by End User, 2020–2029 (USD Million)
Table 56 Germany: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 57 Germany: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 58 Germany: Industrial Automation Software Market Size, by End User, 2020–2029 (USD Million)
Table 59 U.K.: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 60 U.K.: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 61 U.K.: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 62 Italy: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 63 Italy: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 64 Italy: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 65 France: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 66 France: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 67 France: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 68 Spain: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 69 Spain: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 70 Spain: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 71 Netherlands: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 72 Netherlands: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 73 Netherlands: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 74 Sweden: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 75 Sweden: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 76 Sweden: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 77 Rest of Europe: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 78 Rest of Europe: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 79 Rest of Europe: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 80 North America: Industrial Automation Software Market Size, by Country, 2020–2029 (USD Million)
Table 81 North America: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 82 North America: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 83 North America: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 84 U.S.: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 85 U.S.: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 86 U.S.: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 87 Canada: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 88 Canada: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 89 Canada: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 90 Latin America: Industrial Automation Software Market Size, by Country, 2020–2029 (USD Million)
Table 91 Latin America: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 92 Latin America: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 93 Latin America: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 94 Brazil: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 95 Brazil: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 96 Brazil: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 97 Mexico: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 98 Mexico: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 99 Mexico: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 100 Rest of Latin America: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 101 Rest of Latin America: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 102 Rest of Latin America: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 103 Middle East & Africa: Industrial Automation Software Market Size, by Country, 2020–2029 (USD Million)
Table 104 Middle East & Africa: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 105 Middle East & Africa: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 106 Middle East & Africa: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 107 UAE: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 108 UAE: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 109 UAE: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 110 Saudi Arabia: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 111 Saudi Arabia: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 112 Saudi Arabia: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 113 South Africa: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 114 South Africa: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 115 South Africa: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 116 Rest of Middle East & Africa: Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Table 117 Rest of Middle East & Africa: Industrial Automation Software Market Size, by Deployment Type, 2020–2029 (USD Million)
Table 118 Rest of Middle East & Africa: Industrial Automation Software Market Size, End User, 2020–2029 (USD Million)
Table 119 Industrial Automation Software Market: Recent Developments, by Company, 2019-2022
List of Figures
Figure 1 Currency and Limitations
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Market Size Estimation
Figure 7 Key Insights
Figure 8 Global Industrial Automation Software Market Size, by Product, 2022 (USD Million)
Figure 9 Global Industrial Automation Software Market Size, by Deployment Type, 2022 Vs. 2029 (USD Million)
Figure 10 Global Industrial Automation Software Market Size, by End User, 2022 Vs. 2029 (USD Million)
Figure 11 Geographic Snapshot: Global Industrial Automation Software Market (USD Million)
Figure 12 The Impact of COVID-19 on the Global Industrial Automation Software Market
Figure 13 Market Dynamics
Figure 14 Value Chain Analysis: Global Industrial Automation Software Market
Figure 15 Global Industrial Automation Software Market Size, by Product, 2020–2029 (USD Million)
Figure 16 Global Industrial Automation Software Market Size, by Deployment Type, 2020–2029, (USD Million)
Figure 17 Global Industrial Automation Software Market Size, by End User, 2020–2029, (USD Million)
Figure 18 Global Industrial Automation Software Market Size, by Country, 2022-2029, (USD Million)
Figure 19 Key Growth Strategies Adopted by Leading Players, 2019–2022
Figure 20 Industrial Automation Software Market: Competitive Benchmarking
Figure 21 Emerson Electric Company: Financial Overview (2021)
Figure 22 ABB Ltd: Financial Overview (2021)
Figure 23 Siemens AG: Financial Overview (2021)
Figure 24 General Electric Company: Financial Overview (2020)
Figure 25 Schneider Electric SE: Financial Overview (2020)
Figure 26 Honeywell International Inc.: Financial Overview (2021)
Figure 27 Rockwell Automation Inc.: Financial Overview (2021)
Figure 28 HCL Technologies Limited: Financial Overview (2021)
Figure 29 SAP SE: Financial Overview (2021)
Figure 30 Tata Consultancy Services Limited: Financial Overview (2021)
Figure 31 Hitachi Ltd: Financial Overview (2021)
Figure 32 OMRON Corporation: Financial Overview (2021)
Figure 33 IBM Corporation: Financial Overview (2021)
Published Date: Jun-2022
Published Date: Jun-2022
Published Date: May-2022
Published Date: Apr-2022