Global Automation Software Market Report 2024

The automation software market size has grown rapidly in recent years. It will grow from $28.55 billion in 2023 to $34.05 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to the increased adoption of industrial technologies, the growing need to eliminate human error, rising demand for improved performance, and the expansion of automation systems.

The automation software market size is expected to see rapid growth in the next few years. It will grow to $69.38 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to the growing need for automation in reliable operations, increasing adoption for mass production with lower operating expenses, widespread adoption of Industry 4.0, and the rising adoption of emerging digital industrialization. Major trends in the forecast period include technological advancements, the adoption of advanced devices, innovation in intelligent process automation, and rising investment in automation across various industry verticals.

The expansion of Industrial Internet of Things (IIoT) and cloud-based solutions is expected to drive the growth of the automation software market in the future. IIoT and cloud-based solutions involve interconnected networks of industrial devices and equipment utilizing cloud computing infrastructure to gather, analyze, and manage data for improved operational efficiency, productivity, and decision-making in industrial settings. The demand for these solutions stems from the need for enhanced connectivity, real-time data analysis, and remote monitoring capabilities. Automation software is crucial for the seamless integration, monitoring, and control of industrial devices and processes, optimizing operations and driving efficiencies in industrial environments. For example, a report from the GSM Association in May 2022 projected over 23 billion connections on the Internet of Things (IoT) by 2025, compared to 15.1 billion in 2021, indicating the significant growth of IIoT.

Major companies in the automation software market are concentrating on developing innovative solutions such as work automation platforms to stay competitive. Work automation platforms are software solutions providing a centralized environment for designing, executing, monitoring, and optimizing automated processes and workflows without manual intervention. For instance, in April 2024, V7, a UK-based company specializing in healthcare automation, launched V7 Go, a work automation platform leveraging foundation models to learn and automate repetitive operations consistently and at scale using generative AI. It achieves human-level performance within hours of operation, particularly in back-office tasks such as data input and administration.

In April 2024, International Business Machines Corporation (IBM), a US-based technology company, acquired HashiCorp Inc. for $6.4 billion. This acquisition aims to harness HashiCorp's capabilities to develop an end-to-end cloud platform, aiding clients in managing application and infrastructure complexity across hybrid and multi-cloud environments. It provides HashiCorp with access to a broader customer base and facilitates close collaboration with IBM on multi-cloud automation initiatives. HashiCorp Inc. is a US-based developer of automation software for infrastructure provisioning, management, and security in diverse cloud environments.

Major companies operating in the automation software market are Microsoft Corporation, Amazon Web Services (AWS), Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, NetSuite Inc., SAP SE, Salesforce Inc., Workday Inc., Red Hat 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 automation software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automation software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automation software refers to computer programs or platforms designed to perform tasks or processes with minimal human intervention. These tasks can range from simple, repetitive actions to complex workflows requiring coordination across multiple systems or applications.

The main types of automation software products include on-premises and cloud-based solutions. On-premises software is installed and operated from a customer's in-house server and computing infrastructure. It is used by organizations of various sizes, including small and medium-sized enterprises (SMEs) and large enterprises, for applications in sectors such as banking, financial services, and insurance (BFSI), information technology (IT) and telecom, retail and consumer goods, travel and hospitality, healthcare and life sciences, education, media and entertainment, manufacturing, and others.

The automation software market research report is one of a series of new reports that provides automation software market statistics, including automation software industry global market size, regional shares, competitors with a automation software market share, detailed automation software market segments, market trends and opportunities, and any further data you may need to thrive in the automation software 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 scenario of the industry.

The automation software market includes revenues earned by entities by providing robotic process automation (RPA), workflow automation, document management, test automation, network automation, supply chain and logistics automation, and others. 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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