Industrial Automation Software Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45205
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The industrial automation software market size is expected to grow by $ 5.44 bn and record a CAGR of 3% during 2020-2024.

This post-pandemic global industrial automation software market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this industrial automation software market analysis report, key drivers such as need to reduce overall operational expenses have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as cybersecurity threats, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Industrial Automation Software Market Size be in 2020?

Industrial-Automation-Software-Market-Market-Size-2019-2024

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Who are the Key Vendors in the Industrial Automation Software Market?

The industrial automation software market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:

 

  • 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
  • Toshiba Corp.

 

The industrial automation software market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This industrial automation software market report further entails segmentations 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). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Industrial Automation Software Market?

Industrial-Automation-Software-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. APAC had 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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

39% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial automation software market in the region. This report provides estimations of the contribution of all regions to the growth of the industrial automation software market size.

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What are the Key Factors Covered in this Industrial Automation Software Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive industrial automation software market growth during the next five years
  • Precise estimation of the industrial automation software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial automation software market industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial automation software market vendors

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Industrial Automation Software Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2020-2024

$ 5.44 billion

Market structure

Fragmented

YoY growth (%)

-8.02

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Germany, UK, Japan, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • SCADA software - Market size and forecast 2019-2024
    • MES - Market size and forecast 2019-2024
    • DCS software - Market size and forecast 2019-2024
    • HMI software - Market size and forecast 2019-2024
    • PLC software - Market size and forecast 2019-2024
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Process industry - Market size and forecast 2019-2024
    • Discrete industry - Market size and forecast 2019-2024
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2019-2024
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers – Demand led growth
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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
      • Toshiba Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The industrial automation software market growth will increase by $5446.96 million during 2019-2024.
      The industrial automation software market is expected to grow at a CAGR of 2.70% during 2019-2024.
      Technavio has segmented the industrial automation software market by product (SCADA software, MES, DCS software, HMI software, and PLC software) ,end user (Process industry and Discrete industry) , and geographic (APAC, North America, Europe, MEA, and South America).
      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, Toshiba Corp. are a few of the key vendors in the industrial automation software market.
      APAC will register the highest growth rate of 38.83% among the other regions. Therefore, the industrial automation software market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the industrial automation software market growth are:
      • Need to reduce overall operational expenses
      The industrial automation software market vendors should focus on grabbing business opportunities from the scada software segment as it accounted for the largest market share in the base year.
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