Global Industrial Automation Software Market Size, Share, Growth Analysis, By Product(manufacturing execution system, distributed control system ), By Deployment, By End use - Industry Forecast 2022-2028

Global Industrial Automation Software Market size was valued at USD 191.89 billion in 2021 and is poised to grow from USD 205.86 billion in 2022 to USD 395.09 billion by 2030, growing at a CAGR of 9.8% in the forecast period (2023-2030).

The global industrial automation software market is expected to grow significantly in the coming years due to increasing demand for operational efficiency and reduced production costs. The rising trend of digitization and automation across various industries is also driving market growth. Additionally, the growing adoption of Industry 4.0 technologies such as cloud computing, artificial intelligence, and the Internet of Things (IoT) is expected to further boost the market. The Asia-Pacific region is expected to hold the largest market share due to the presence of major manufacturing hubs in countries such as China and India.

Top-down and bottom-up approaches were used to estimate and validate the size of Global 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 by 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.

Segments covered in this report

The industrial automation software market is segmented on the basis of product. deployment, end-use and region. On the basis of product, the Industrial Automation Software Market is divided into manufacturing execution system (MES), distributed control system (DCS), supervisory control and 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, and automatic storage & retrieval systems. On the basis of deployment the Industrial Automation Software Market is bifurcated into on-premise and cloud-based segments. On the basis of end-use the Industrial Automation Software Market is divided into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense and on the basis of region Industrial Automation Software Market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Driver

The automation software industry is growing due to various factors such as government support, the strong demand for industrial automation for mass production, and the need to cut operating costs. The global market is witnessing a high demand for enterprise-level solutions and product lifecycle management. By utilizing machines for mass production, manufacturers can produce more with fewer employees, resulting in lower costs for consumers. Technological advancements have eliminated the need for human intervention in the development, design, and assembly of products, leading to reduced errors and faster production times. Although implementing an automated system requires a significant investment, it offers a positive return in terms of long-term operational expenses. This trend is expected to continue driving the demand for industrial automation software in the coming years.

Restrain

The cost of introducing technology and providing employee training is substantial, and there is uncertainty surrounding the potential return on investment, given the industry's fragmented nature. As a result, small and medium-sized enterprises may be hesitant to embrace technological advancements due to their high cost and unpredictable outcomes.

Trend

SCADA systems operate in tandem with both hardware and software components. The central processing unit of a computer obtains information from the hardware and processes it within a specified timeframe. Depending on the requirements, the SCADA systems can either print out the events or store them in a designated folder on the hard drive.