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 projected to grow at a CAGR of 7.4% from 2022, reaching $59.5 billion by 2029. Key drivers of this growth include the increasing demand for automation to enhance manufacturing quality and reliability, the need for mass production with reduced operational costs, and the rise of Industry 4.0 and enabling technologies. Emerging automation-driven industries in developing countries also present significant growth opportunities for market players.
The market is segmented by product, deployment type, end user, and geography, with analysis at the regional and country levels.
Product Segmentation:
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
Automatic Storage & Retrieval Systems
In 2022, SCADA is expected to hold the largest market share, driven by its role in data analysis and process optimization. However, the HMI segment is anticipated to experience the highest growth rate during the forecast period.
Deployment Type Segmentation:
On-Premise
Cloud-Based
The on-premise segment is expected to dominate the market in 2022 due to industries' preference for full security control. Conversely, the cloud-based segment is projected to grow at the highest CAGR during the forecast period.
End User Segmentation:
Oil & Gas
Chemicals & Materials
Paper & Pulp
Pharmaceuticals & Biotech
Mining & Metals
Food & Beverage
Power
Consumer Goods
Automotive
Machines & Tools
Semiconductors & Electronics
Aerospace & Defense
Other End Users
The oil & gas sector is forecasted to hold the largest market share in 2022, with significant automation needs in drilling operations, diagnostics, pipeline monitoring, and other areas. The chemicals & materials segment is expected to grow at the highest CAGR, driven by the adoption of IoT and process automation solutions to improve cost efficiency and innovation.
Geographic Segmentation:
North America
Asia-Pacific
Europe
Latin America
Middle East & Africa
Asia-Pacific is anticipated to hold the largest market share in 2022, supported by government initiatives for manufacturing digitization and investments in IIoT. Europe and North America follow in market size.
Key Market Players:
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.)
IBM Corporation (U.S.)
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Key Questions Addressed in the Report:
Which market segments exhibit the highest growth 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 2022–2029?
What are the major drivers, restraints, opportunities, and challenges in this market?
Who are the major market players and their market shares?
What is the competitive landscape of the global industrial automation software market?
What recent developments have occurred in this market?
What strategies are adopted by the leading players?
What are the key geographic trends and high-growth countries?
Who are the emerging local players and how do they compete?
This detailed market analysis provides valuable insights for stakeholders and helps in strategic decision-making.
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