LONDON--(BUSINESS WIRE)--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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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.
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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.
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
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