The global industrial automation software industry analysis conducted by BIS Research highlights that the market generated $35.39 billion in 2018 and is estimated to grow at a CAGR of 8.39% during the forecast period, 2018-2023. Asia-Pacific is expected to showcase the highest growth rate during the forecast period.
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The industrial automation software market is currently witnessing a high growth rate owing to the need for improved productivity, speed, and efficiency required in manufacturing process and proliferation of new digital industrial technologies such as industry 4.0 and industrial IoT. In the span of three years (2016-2018), the industry has witnessed several product launches and research and development activities from software developers.
Key Questions Answered in the Report:
- What is the value registered by the global industrial automation in 2018 and where is it expected to reach by the end of 2023?
- What are the major market drivers, challenges, and opportunities in the global industrial automation software market?
- What are the underlying structures resulting in the emerging trends within the global industrial automation software market?
- What are the major technological trends in the global industrial automation market across different regions?
- How much revenue is expected to be generated by:
o different software types, such as planning & designing management, operation management, maintenance and monitoring management, and training management, during the forecast period?
o different development types, such as on-premises and cloud, during the forecast period?
o different end-users, such as food & beverage, pharmaceutical, automotive, FMCG, oil & gas, metal & machining, and others, during the forecast period? - Who are the key players present in the global industrial automation software market?
- What is the growth potential of the global industrial automation software market in North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World?
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