Global Industrial Automation Software Market Report 2024

The industrial automation software market size has grown rapidly in recent years. It will grow from $39.9 billion in 2023 to $44.11 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth can be linked to the increasing demand for mass production with lowered operational costs, the necessity for industrial automation software, and the upsurge in the demand for augmented reality (AR) technology.

The industrial automation software market size is expected to see rapid growth in the next few years. It will grow to $66.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth is anticipated due to the escalating adoption of Industrial IoT, governmental initiatives aimed at promoting industrial automation, and increased investment in the development of industrial operations. Key trends expected in the forecast period encompass automation solutions providing dual benefits of innovation, novel approaches to technology, the adoption of Industry 4 principles in manufacturing, and the integration of new digital industrial technologies.

The industrial automation software market is expected to experience significant growth due to the increasing adoption of IoT devices. These devices are physical objects equipped with sensors, software, and connectivity features, enabling them to gather, exchange, and act on data. This facilitates automation, optimization, and enhanced functionality across various sectors. The demand for IoT is on the rise because of its potential to transform industrial operations by enabling real-time monitoring, predictive maintenance, and data-driven decision-making. This, in turn, leads to improved efficiency, productivity, cost savings, and competitive advantage. IoT technologies enhance the capabilities of industrial automation software by providing real-time data insights, remote monitoring and control, predictive maintenance, asset tracking, energy management, and scalability. Consequently, this contributes to increased efficiency, productivity, and competitiveness in industrial settings. For example, a report from the GSM Association projected that there will be over 23 billion IoT connections by 2025, compared to 15.1 billion in 2021. Thus, the growing adoption of IoT devices is a key driver fueling the growth of the industrial automation software market.

Key players in the industrial automation software market are embracing digital industrial technologies such as next-generation automation architecture to stay competitive. This architecture offers a flexible, scalable platform delivering secure and optimized solutions for industrial clients. For instance, in February 2024, Emerson Electric Co., a US-based manufacturing company, launched the Boundless Automation software, a next-generation automation architecture aimed at revolutionizing industrial manufacturing by breaking down data silos, liberating data, and harnessing the power of software. This innovative software is designed to address challenges in the industry and assist customers in achieving operational improvements.

In December 2023, Foodmate BV, a Netherlands-based poultry processing equipment company, acquired Barth Industrial Automation. This acquisition bolsters Foodmate's product portfolio, complementing its existing technologies such as weighing, grading, cutting, and deboning. It also enhances Foodmate's research and development efforts, fostering innovation in the industrial automation software segment. Barth Industrial Automation, based in the Netherlands, specializes in software solutions for industrial automation.

Major companies operating in the industrial automation software market are Amazon Web Services (AWS), Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, NetSuite Inc., SAP SE, Salesforce Inc., Workday Inc., Infor Inc., OpenText Corporation, Citrix Systems Inc., SAS Institute Inc., HubSpot Inc., Epicor Software Corporation, Progress Software Corporation, Deltek Inc., ActiveCampaign LLC, Canonical Ltd., Acoustic L.P., GetResponse Sp. z o.o., Puppet Inc., Act-On Software Inc., Qualisystems Ltd., ActiveTrail Ltd., Push Engage LLC.

North America was the largest region in the industrial automation software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the industrial automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial automation software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Industrial automation software comprises computer programs engineered to oversee and regulate industrial processes, machinery, and equipment. These software systems play a vital role in modern industrial automation solutions, facilitating the efficient and dependable operation of manufacturing plants, assembly lines, and other industrial facilities.

The primary products within the realm of industrial automation software include supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), manufacturing execution systems (MES), human-machine interfaces (HMI), programmable logic controllers (PLC), integration solutions for information technology (IT) and software environments, production process testing systems, automated material handling systems, coordinated data management systems, among others. SCADA systems enable the monitoring and control of industrial processes, enabling operators to remotely oversee and gather real-time data from diverse sensors and equipment. They find application across various sectors including oil and gas, chemicals and materials, paper and pulp, pharmaceuticals and biotechnology, mining and metals, food and beverage, power generation, consumer goods, automotive, and others.

The industrial automation software research report is one of a series of new reports that provides industrial automation software market statistics, including the industrial automation software industry's global market size, regional shares, competitors with an industrial automation software market share, detailed automation software market segments, market trends and opportunities, and any further data you may need to thrive in the plastic paint industry. This automation software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The industrial automation software market includes revenues earned by entities by providing services such as software licenses, consulting, training, and support services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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