Industrial Automation Software Market 2019
The rapidly growing demand for quick and effective production capacities is greatly driving the Industrial Automation Software market. Different industrial segments are now hugely adopting industrial automation systems to reduce the burdens from the labors effectively. It will positively affect the growth of the market. The employment of automation system is assisting the companies in controlling the entire manufacturing process and in providing the customers with high-quality products at affordable prices. Besides, the software has reduced the operating cost in different industries.
Market Segment by Top Companies, this report covers
WERUM IT Solutions
The deployment of industrial automation systems, for example, PLCs, SCADA, DCS have enabled the industries to lower the costs of operational failures and wastage. All these factors, in turn, are boosting the growth of the global market for industrial automation system software. It has seen that Industrial Automation Software help in reducing human errors, wastage, improving the manufacturing process, and lead to better synchronization. It also leads to high-quality production and better product lifecycle, which can positively impact the growth of the market.
It is expected that increasing the level of interconnectivity and development of IoTs are propelling this software market. Besides, increasing centralization of production and requirement for effective control over production along with enhancement in the human-machine interface will boost the growth. In the year 2018, the global market value was USD 35.39 billion. But considering the recent trend and demand in this software market, it is estimated that the market will grow at 8.39 % of CAGR from 2018 to 2023.
Global Market Segmentation of This Software Market
Type, Application, and Regions have segmented the World Industrial Automation Software Market.
Based on Type, the market has segmented into Factory level, Cloud level, and Field level. The cloud and factory level market segments are expected to earn the highest revenue during the forecast period.
Based on the Application, it has split into the Automotive industry, Power Industry, Oil & Gas industry, Chemical and petrochemical industry, and Others. The automotive sector will significantly drive the growth of this market as the industry is now growing in developed and developing countries, and the number will increase more in the coming years.
Geographical Market Segmentation of This Market
Speaking about the geographical segmentation of the market, the market has been segmented into five major regions. These are Europe, North America, South America, Asia Pacific, and Middle East & Africa.
Some major countries which have included in this report are United States, Canada, Mexico, Germany, UK, Russia, France, Italy, India, Korea, Southeast Asia, China, Japan, Argentina, Brazil, Colombia, Egypt, South Africa, Saudi Arabia, UAE, and Nigeria.
North America region witnessed the highest market share in the year 2018 and is expected to dominate the market during the forecast period. After this, there will be the Asia Pacific and Europe who will influence the growth.
Latest Market Updates
In July 2019, Emerson acquired the software and automation businesses of Zedi. With this acquisition, Emerson can now use SCADA- Cloud Supervisory Control and Data Acquisition platform of Zedi, which will significantly help the oil and gas industries. Through cloud-based control, monitoring, and optimization, the producers can now lower their operating cost.
Table of Contents –Analysis of Key Points
1 Industrial Automation Software Market Overview
2 Manufacturers Profiles
3 Global Industrial Automation Software Market Competition, by Players
4 Global Industrial Automation Software Market Size by Regions
5 North America Industrial Automation Software Revenue by Countries
6 Europe Industrial Automation Software Revenue by Countries
7 Asia-Pacific Industrial Automation Software Revenue by Countries
8 South America Industrial Automation Software Revenue by Countries
9 Middle East and Africa Revenue Industrial Automation Software by Countries
10 Global Industrial Automation Software Market Segment by Type
11 Global Industrial Automation Software Market Segment by Application
12 Global Industrial Automation Software Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
List of Tables and Figures
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