Latest News- Industrial Automation Device Manager Software Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Industrial Automation Device Manager Software Market is being driven by Growing demand for integrated asset management services

The Industrial Automation Device Manager Software Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1710.1 million. The industrial automation device manager software market has experienced significant growth due to the integration of advanced technologies such as IoT, data analytics, and cloud computing. These innovations have enabled the transition from traditional wired systems to more efficient, database-driven solutions. IoT technology facilitates data sharing between standalone control systems and other devices, while cloud computing offers a network of servers for storing, managing, and processing vast amounts of industrial operational data. These cloud-based tools have become essential for informed business decision-making by deriving valuable insights from unstructured data. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud
• End-user
  • Oil and gas
  • Power
  • Chemical and petrochemical
  • Automotive
  • Food and beverages and others
• Type
  • Large enterprises
  • SMEs
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for integrated asset management services
• Increase in need for data analytics
• Rising adoption of IIoT

However, the market also witnesses some limitations, which are as follows:

• Dominant market share of wired networking systems
• Connectivity issues and lack of infrastructure
• Complex implementation of industrial automation device manager software

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Market Scope in Industrial Automation Device Manager Software Market Research Report

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Research Analysis Overview

The Industrial Automation Device Manager Software Market encompasses solutions for managing and optimizing various industrial processes, including factory automation, logistics chain, and drilling operations. Key industries served are consumer goods, automotive, and pipeline monitoring. Cloud-based offerings enable weather monitoring, process automation, and maintenance in the automation sector. German mechanical engineering, robotics, and complex smart manufacturing are major focus areas. Diagnostics and inspections, predictive and prescriptive states, and digital workflows drive revenue streams. Collaborative robots, artificial intelligence, machine learning, deep learning, machine vision, and intelligent traffic are emerging technologies. Machinery maintenance in reactive and predictive states benefits from these advancements.

Market Research Overview

The Industrial Automation Device Manager Software market is a segment of the broader IT software industry, focusing on application and systems software development and production. This market caters to various sectors, including factory automation, logistics chain, consumer goods, automotive, drilling operations, and diagnostics and inspections. Technavio's market analysis encompasses organizations providing systems software solutions, specifically cloud-based applications. The market size is determined by aggregating the revenues of companies offering software for application development and management, cloud computing, data centers, hosting, IT management, mobility, networking, security, and storage. This analysis excludes home entertainment software development and production companies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/