Industrial Automation Software Market Set to Hit $59.5 Billion by 2029

Industrial Automation Software Market Worth $59.5 Billion by 2029

Global Industrial Automation Software Market 2022-2029 Meticulous Research a leading global market research company, published a research report titled "Industrial Automation Software Market by Product (SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, Production Process Test Systems), Deployment Type, End User, and Geography - Forecast to 2029". The global industrial automation software market is expected to grow at a CAGR of 7.4% from 2022 to reach $59.5 billion by 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 market is segmented by product, deployment type, end user, and country. The study also evaluates industry competitors and analyzes the market at the region/country level. Based on product, the global industrial automation software market is mainly segmented into supervisory control and data acquisition (SCADA), distributed control system (DCS), manufacturing execution systems (MES), 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. In 2022, the supervisory control and data acquisition (SCADA) segment is expected to account for the largest share of the global industrial automation software market. SCADA controls and monitors automation processes that are important for data analysis and takes decisions for optimization. In addition, the rising demand for industrial automation solutions among organizations is expected to boost the growth of the segment. However, the human machine interface (HMI) segment is expected to grow at the highest CAGR during the forecast period. Based on deployment type, the global industrial automation software market is segmented into on-premise and cloud-based. In 2022, the on-premise segment is expected to account for the largest share of the global industrial automation software market. Industries run on- premise servers to gain full control over security. However, the cloud-based segment is expected to grow at the highest CAGR during the forecast period. Based on end user, the global industrial automation software 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, and other end users. In 2022, the oil & gas segment is expected to account for the largest share of the global industrial automation software market. Some of the major areas highly influenced by automation in the oil & gas sector include drilling operations, diagnostics & inspections, pipeline monitoring systems, weather monitoring Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Global Industrial Automation Software Market 2022-2029 systems, and pressure & flow systems. Drilling is one of the major areas that require automation due to its high costs and safety risks. However, 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, which is further expected to create opportunities for the market s growth. Based on geography, the global industrial automation software market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, Asia- Pacific is expected to hold the largest share of the industrial automation market, followed by Europe and North America. Government initiatives and policies supporting the digitization of manufacturing plants and investments in the IIoT are major factors boosting the adoption of industrial automation software in the region. The key players operating 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.). Download Here: https://www.meticulousresearch.com/download-sample- report/cp_id=5279 Sample PDF Copy Key Questions Answered in the Report- Which are the high-growth market segments in terms of product, deployment type, end user, and country? What is the historical market size for the global industrial automation software market? What are the market forecasts and estimates for the period 2022 2029? What are the major drivers, restraints, opportunities, and challenges in the global industrial automation software market? Who are the major players operating in the market, and what are their market shares? Who are the major players in various countries? Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Global Industrial Automation Software Market 2022-2029 What is the competitive landscape for the global industrial automation software market? What are the recent developments in the global industrial automation software market? What are the different strategies adopted by the major players operating in the market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the global industrial automation software market, and how do they compete with other players? Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on research Us: Research Sales- +1-646-781-8004 LinkedIn- https://www.linkedin.com/company/meticulous- Page 3 of 3 Meticulous Research| sales@meticulousresearch.com