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Global Industrial Automation Software Market to Accelerate at a CAGR of Almost 3% During 2020-2024 | Technavio

December 28, 2020 GMT
Technavio has announced its latest market research report titled Global Industrial Automation Software Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Industrial Automation Software Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Dec 28, 2020--

The industrial automation software market is expected to grow by USD 5.44 billion, progressing at a CAGR of almost 3% during the forecast period.

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Technavio has announced its latest market research report titled Global Industrial Automation Software Market 2020-2024 (Graphic: Business Wire)

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The need to reduce overall operational expenses is one of the major factors propelling the market growth. However, factors such as cybersecurity threats will hamper market growth.

More details: https://www.technavio.com/report/industrial-automation-software-market-industry-analysis

Industrial Automation Software Market: Product Landscape

Based on the product, the SCADA software segment generated maximum revenue to the market in 2019. The rise in smart grid technology in the power industry drives the global SCADA market toward growth. The market growth in the segment will be significant over the forecast period.

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Industrial Automation Software Market: End-user Landscape

Based on end-user, the process industries led the market in 2019. The increased need for plant optimization and enhanced overall efficiencies are driving the demand for automation software solutions such as programmable logic controller (PLC), SCADA, DCS, and manufacturing execution system (MES) across process industries.

Industrial Automation Software Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 39% of the market’s overall growth is expected to originate from APAC. The emergence of automation software solutions on the cloud will significantly influence the industrial automation software market’s growth in the APAC region. China and Japan are the key markets for industrial automation software in APAC.

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Companies Covered:

  • 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.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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KEYWORD:

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY ENGINEERING MANUFACTURING

SOURCE: Technavio Research

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PUB: 12/28/2020 07:42 AM/DISC: 12/28/2020 07:42 AM

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