PUBLISHER: TechNavio | PRODUCT CODE: 1180035
PUBLISHER: TechNavio | PRODUCT CODE: 1180035
Technavio has been monitoring the industrial automation software market and is forecast to grow by $5,249.42 mn during 2022-2027, accelerating at a CAGR of 2.6% during the forecast period. Our report on the industrial automation software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need to reduce overall operational expenses, the emergence of automation software solutions on the cloud, and increasing plant complexities.
Technavio's industrial automation software market is segmented as below:
By Product
By End-user
By Geographical Landscape
This study identifies the integration of PLM and ERP in industrial automation software as one of the prime reasons driving the industrial automation software market growth during the next few years. Also, the increasing need for open platform architecture for automation software and horizontal integration by automation solution providers will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the industrial automation software market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial automation software market vendors that include ABB Ltd., Advantech Co. Ltd., AMETEK Inc., Baosteel Group Corp., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co, General Electric Co., Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parsec Automation Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Consultancy Services Ltd., TOSHIBA CORP, Yokogawa Electric Corp., and Oracle Corp. Also, the industrial automation software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: