Authored By: Sarah
18 Aug 2021

Industrial Automation Software: Discover Key Drivers that will Boost Growth

Synopsis of Growth Drivers with Market Forecast till 2024

The Industrial Automation Software Market is projected to post an incremental growth of $ 5.44 billion, at a CAGR of almost 3% till 2024. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Industrial Automation Software Market: What are the factors that will drive market growth?

Technavio has identified  need to reduce overall operational expenses as one of the key factors that will drive this market. APAC held the largest market share in the industrial automation software market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The emergence of automation software solutions on cloud will significantly influence biofuels market growth in this region. 

This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Global Industrial Automation Software Market

Industrial Automation Software Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Industrial Automation Software Market is segmented by Product (SCADA software, MES, DCS software, HMI software, and PLC software), End-user (Process industry and Discrete industry), and Geography (APAC, North America, Europe, MEA, and South America). Request our Free Sample Report

Industrial Automation Software Market: Vendor Analysis

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Toshiba Corp. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 3%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 5.44 bn through 2020-2024.
     
  3. What is a key factor driving this market?
    need to reduce overall operational expenses will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    39% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Toshiba Corp.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (SCADA software, MES, DCS software, HMI software, and PLC software), End-user (Process industry and Discrete industry), and Geography (APAC, North America, Europe, MEA, and South America)
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