PLC Software Market to grow by USD 924.4 Billion (2024-2028), driven by rising industrial automation and digitization, with AI driving market transformation - Technavio

The PLC software market is expected to witness substantial growth, with a projected increase of USD 924.4 million at a CAGR of 5.6% between 2024 and 2029. The rising demand for PLC automation solutions, industrial control software, and PLC programming tools is driving this expansion, along with the increasing adoption of factory automation software and PLC system integration. As industries seek automation software pricing insights, businesses are evaluating PLC software features to enhance operational efficiency. The growing presence of industrial PLC suppliers and the PLC software adoption trend underscores the market's rapid transformation.Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Segmentation

By Deployment

• Cloud-based

• On-premises

The cloud-based segment is poised for significant growth due to its cost-effectiveness, scalability, and adaptability. Major players, including Siemens, Rockwell Automation, Schneider Electric, and ABB, are investing in cloud-enabled PLC software, such as Siemens' Simatic Automation System. The rise of Industry 4.0 and smart factories has further accelerated the adoption of cloud-based solutions, allowing industries to streamline automation processes across automobile, steel, energy, chemical, and electronic device manufacturing.

By Type

• Ladder Logic

• FBD

• Others

By Industry Application

• Automotive

• Chemical and Petrochemical

• Energy and Utilities

• Food and Beverage

• Others

By Product Type

• Modular

• Compact

• Rack-mounted

By Region

North America

• US

• Canada

Europe

• Germany

• UK

• France

• Italy

APAC

• China

• India

• Japan

• South Korea

Middle East and Africa

South America

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Market Dynamics

Key Drivers

• Industrial automation and digitization: Industries are leveraging PLC software for automation, error detection, and power management across automobile, steel, energy, chemical, and production sectors.

• Integration of Industry 4.0 and smart factories: Robotics and process automation are expanding across pharmaceutical, renewable energy, oil and gas, and semiconductor sectors.

Key Trends

• Edge computing and edge PLC software: Faster processing and real-time analytics capabilities are being integrated into PLC systems, enhancing automation capabilities in power management, process control, and material handling.

• Shift towards electric vehicles (EVs) and carbon neutrality: Smart automation and advanced diagnostic tools are driving investment in manufacturing plants and supply chain automation.

Key Challenges

• Cybersecurity concerns: The rise in data breaches and system manipulations necessitates security features in PLC software, including encryption, authentication systems, and access control.

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Key Players

• ABB Ltd.

• Beckhoff Automation

• Delta Electronics Inc.

• Eaton Corp. PLC

• Emerson Electric Co.

• FANUC Corp.

• General Electric Co.

• Hitachi Ltd.

• Honeywell International Inc.

• IDEC Corp.

• Keyence Corp.

• LS ELECTRIC Co. Ltd.

• Mitsubishi Electric Corp.

• OMRON Corp.

• Panasonic Holdings Corp.

• Rockwell Automation Inc.

• Schneider Electric SE

• Siemens AG

• Toshiba Corp.

• Yokogawa Electric Corp.

Future Insights

The PLC software market is poised for continued growth, driven by technological advancements, increased automation in manufacturing, and the integration of cloud and edge computing. As industrial sectors prioritize efficiency, process optimization, and cybersecurity, the demand for PLC automation solutions and industrial control software will remain strong, shaping the future of industrial automation.