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Global Industrial Automation Software Market to Accelerate at a CAGR of Almost 3% During 2020-2024 | TechnavioThe industrial automation software market is expected to grow by USD 5.44 billion, progressing at a CAGR of almost 3% during the forecast period. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201228005166/en/ 
Technavio has announced its latest market research report titled Global Industrial Automation Software Market 2020-2024 (Graphic: Business Wire) Click & Get Free Sample Report in Minutes 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. 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. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot bfore purchasing Related Reports on Information Technology Include: Global Industrial Automation Device Manager Software Market- The industrial automation device manager software market is segmented by end-user (oil and gas, power, chemical and petrochemical, automotive, and others) and geography (APAC, North America, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report Global Distribution Automation Solutions Market- The distribution automation solutions market is segmented by solution (field devices, communication systems, and software and services), deployment (system-level and customer-level), and geography (APAC, North America, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report Companies Covered:
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201228005166/en/ |
