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Industrial Automation Software Market Growth, Price, Demand and Forecasts To 2020

According to the report, increasing smart grid deployments in power industry will be a key driver for market growth. The industrial automation software in the power industry is likely to grow during the forecast period because of major smart power i
Industrial Automation Software Market Share and Size, Emerging
Trends, Analysis, Overview and Outlook, Growth And Segment
Forecasts To 2020
Technavio Announces the Publication of its Research Report Global Industrial Automation Software
Market 2016-2020
Technavio recognizes the following companies as the key players in the global industrial automation
software market: Rockwell Automation, Emerson Electric, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: ABB, Accenture, Dassault Systèmes, HCL Technologies,
Hitachi, Honeywell International, Parsec Automation, SAP, TCS, WERUM IT Solutions, and Wipro.
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Commenting on the report, an analyst from Technavio’ s team said: “Shift toward cloud-based
deployments will be a key trend for market growth. Industrial automation software based on the cloud
is likely to be a next logical step in the evolution of automation technology in process industries. Endusers are becoming more comfortable with the concept of service-based technology architecture. They
can significantly reduce costs, achieve greater flexibility, and enhance functionality by shifting toward
the cloud-based environment. SMEs operating in process industries face budget constraints and cuts
that make it difficult to afford the initial investment in MES.”
According to the report, increasing smart grid deployments in power industry will be a key driver for
market growth. The industrial automation software in the power industry is likely to grow during the
forecast period because of major smart power investments worldwide. Industrial automation software
is used to drive the ICS that is used in the power generation, transmission and distribution. Industrial
control systems (ICS) are used to collect, store, and analyze data from multiple data points in national or
regional networks. They perform power network modeling, simulate power operations, identify faults,
and pre-empt outages.
Further, the report states that industrial automation and control systems security concerns will be a
challenge for the market. Earlier, industrial control systems were not connected to business systems
such as ERP, CRM, and financial software, through any common or standard network. However, it is
quite common nowadays for these systems and software to connect into business systems through
Transmission Control Protocol/Internet Protocol (TCP/IP) networking.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Industrial Automation Software
Industrial automation software such as SCADA and MES are migrating from computers to mobile
devices. Authorized operators can remotely access data using a variety of devices such as tablets and
smartphones. These devices are used as portable HMIs to monitor remote equipment and enable field
operators to assess the current condition of a process or equipment quickly without being tied to a
workstation. Technologies embedded in smartphones, such as Bluetooth Low Energy (BLE) beacons,
near-field communication (NFC), and Global Positioning System (GPS), have enabled the integration of
SCADA with smartphones.
Technavio’ s analysts forecast the global industrial automation software market to grow at a CAGR of
6.39% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial automation
software market for 2016-2020. To calculate the market size, the report considers the revenue
generated from sales and aftermarket services of MES, distributed control system (DCS), supervisory
control and data acquisition (SCADA), programmable logic controller (PLC), and human machine
interface (HMI) in end-user industries.
The market is divided into the following segments based on geography:
Technavio's report, Global Industrial Automation Software Market 2016-2020, has been prepared based
on an in-depth market analysis with inputs from industry experts. The report covers the market
landscape and its growth prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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