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Growing need to reduce human errors and increase time efficiency and less availability of skilled manpower are key factors driving market revenue growth
VANCOUER, BC, CANADA, September 7, 2022 /EINPresswire.com/ -- The global industrial automation software market size reached USD 33.54 billion in 2020 and is expected to register a revenue CAGR of 7.8% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of cloud-based industrial automation software is expected to drive market revenue growth in 2021-2028. Besides, growing need for industrial automation software to reduce human errors and increase time efficiency will boost market growth. Demand for automation software has been increasing at a rapid pace. Adoption of cloud-based industrial automation software has been increasing across various industries, including oil and gas, chemicals, pharmaceuticals, automotive, machine manufacturing, and others, are rapidly. Such software ensures secure access to various automated systems through different output devices, and further enables enterprises to access data remotely using computers. These are some major factors driving growth of the global industrial automation software market revenue.
The research report on the Global Industrial Automation Software Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies. The Industrial Automation Software Market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process.
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The market intelligence report on the Industrial Automation Software Market industry encompasses an in-depth evaluation of different products, applications, end-users and their sales across different regions. A closer look at the important industry terms and definition, technology advancements and forces influencing the product and production capability further makes the report a valuable reference material.
List of Top Key Companies Profiled in the Industrial Automation Software Market Siemens AG, Hitachi Ltd., General Electric Company, Honeywell International Inc., SAP SE, Schneider Electric SE, ABB Ltd., HCL Technologies Limited, Rockwell Automation Inc., and Parsec Automation Corporation.
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Some Key Highlights in the Report :
Human Machine Interface (HMI) segment is expected to register a significantly robust revenue growth rate during the forecast period due to rising need for implementation and maintenance services as a result of increasing deployment of industrial automation software.
On-premise segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing adoption of on-premise industrial automation software among end users, as on-premise deployment offers higher level of safety and security to devices.
Europe is expected to register a larger revenue growth rate among the regional markets in the global industrial automation software market over the forecast period due to robust presence of international and domestic automation software providers such as Siemens AG, SAP SE., Schneider Electric SE, and ABB Ltd., among others.
Emergen Research has segmented global industrial automation software on the basis of type, deployment, end use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028) Supervisory Control and Data Acquisition (SCADA) Distributed Control System (DCS) Manufacturing Execution Systems (MES) Human Machine Interface (HMI) Programmable Logic Controller (PLC)
Deployment Outlook (Revenue, USD Billion; 2018–2028) On-premise On-cloud
End Use Outlook (Revenue, USD Billion; 2018–2028) Process Industry Oil and Gas Chemicals Paper and Pulp Pharmaceuticals Mining and Metals Food and Beverages Power Others Discrete Industry Automotive Machine Manufacturing Semiconductor and Electronics Aerospace and Defence Medical Devices Others
Browse Detailed Summary of Research Report with TOC @ https://www.emergenresearch.com/industry-report/industrial-automation-software-market
Key regions covered in the report:
North America Europe Asia Pacific Latin America Middle East & Africa
Key questions answered in the report:
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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