Global Industrial Automation Software Market 2018-2022| Key Insights and Forecasts| Technavio

Technavio has published a new market research report on the global industrial automation software market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global industrial automation software market is expected to post a CAGR of around 8% over the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the need to reduce overall operational expenses. Automation software helps end-user industries to control the overall manufacturing operation and deliver superior quality products with high precision. The effective deployment of automation software such as DCS, SCADA, and PLCs minimizes process failures and reduces product failure costs and waste.

This market research report on the global industrial automation software market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights virtualization of automation control systems as one of the key emerging trends in the global industrial automation software market:

Global industrial automation software market: Virtualization of automation control systems

Virtualization of automation control systems can be done using a software called hypervisors, which is a thin layer between the virtual machine and host server. The virtual machine contains the operating system and software. Different operating systems are operated on top of a primary operating system using virtual machines. Virtualization can be applied on layers in an industrial premise such as server, storage, desktop, file, and network. It provides benefits such as optimum resource utilization and operation as well as power cost savings.

“The integration of different industrial automation systems such as SCADA, PLCs, and MES on a single physical server, which can be easily accessed at a different location on the plant floor using virtual machines will reduce the overall cost for servers. It will also enable flexibility in adopting industrial automation software in the process and discrete industries,” says a senior analyst at Technavio for research on automation.

Global industrial automation software market: Segmentation analysis

This market research report segments the global industrial automation software market by product (SCADA software, DCS software, MES, HMI software, and PLC software), by end-user (process and discrete industries) and key geographical regions (EMEA, APAC and the Americas).

In 2017, the process industry segment accounted for the largest share of the market with a market share of close to 72%. The market share of this segment is expected to witness a significant decline of more than 2% over the forecast period.

EMEA dominated the market in 2017, with a market share of close to 35%, closely followed by the Americas and APAC. The market share of the three regions is expected to remain stable with very small variations over the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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 10,000 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.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global industrial automation software market is expected to post a CAGR of around 8% over the period 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com