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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.
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Industrial Automation Software Market Report 2021-2028 www.emergenresearch.com . 2 Growing need to reduce human errors and increase time efficiency and less availability of skilled manpower are key factors driving market revenue growth
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Market Summary 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. However, large amount of capital investment for automation processes and lack of awareness about industrial automation software are expected to hamper market revenue growth during the forecast period. www.emergenresearch.com
MarketSummary • Some Key Highlights From 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. • Request Free Sample :https://www.emergenresearch.com/request-sample/885 www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • Some major companies in the market report include 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. • In September 2021, Rockwell Automation Inc. partnered with Ansys Inc. to optimize industrial automation operations. The partnership will connect Studio 5000 Simulation Interface with Rockwell Automation Control System and Ansys simulation and designing tools. This joint venture will make users understand complex processes and give logical input to the automation system. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/885 www.emergenresearch.com
Market Summary • 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 • Read More@https://www.emergenresearch.com/industry-report/industrial-automation-software-market
Market Summary • 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 • Read more https://www.emergenresearch.com/industry-report/aerospace-plastic-market
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