According to the latest market research study released by Technavio, the global industrial automation software market is expected to grow at a CAGR of over 6% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global industrial automation software market based on software type:
Global industrial automation software market share by software type 2015
|
DCS |
36.02% |
|
SCADA |
35.20% |
|
MES |
25.51% |
|
PLC Software |
1.89% |
|
HMI Software |
1.39% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Global DCS software market
The global DCS software market was valued at over $9 billion in 2015 and is expected to grow at a CAGR of around 3% by 2020. The increasing investments in end-user industries like power and chemical are fueling the growth of this market segment. DCS used in the power industry in various processes such as production, distribution, and transmission of power. In the US, the transition from coal-fired power plants to natural-gas fired power plants equipped with state-of-the-art industrial automation technologies will lead to the development of the DCS software market.
“The use of DCS solutions in the chemical industry provides complete control and visibility of the manufacturing plant and the distribution process. The advantages of using DCS in the chemical industries will prompt to increase investments in the sector to open state-of-the-art manufacturing units. Moreover, several vendors in the US are collaborating to invest in the development of the DCS software for further use in the chemical industries,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Global SCADA software market
The global SCADA software market was valued at over $9 billion in 2015and is expected to grow at a CAGR of almost 5% by 2020. SCADA controls, monitors, and notifies the plant and remote facilities from a centralized location. The information transfers to a computer installed with SCADA software with the aid of sensors or control relays that send signals from the plant facility to remote terminal unit (RTU) or
Global MES software market
The global MES software market was valued at almost $7 billion in 2015 and is expected to grow at a CAGR of over 12% by 2020. MES is widely used in the automotive industry to synchronize automotive manufacturing tasks, monitor inventory movements, and assure quality procedures. These systems document the history of production, collect data about the vehicles that need to meet regulatory requirements, and collate information about warranties and returns. The adoption of cloud-based MES is the highest in the Americas and it deployed to public systems to increase the awareness of this technologies. Manufacturers are to deploy public and hybrid cloud MES infrastructure to reduce operational cost during the forecast period. Countries like China, Japan, India, Malaysia, and South Korea in the APAC region to shift towards adoption of cloud MES to meet the requirements of automation from the automotive industries.
The top leading vendors operating in the global industrial automation software market are:
- Emerson Electric
- Rockwell Automation
- Schneider Electric
- 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Industrial Automation Software Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Data Acquisition Systems Market 2016-2020
- Global Manufacturing Execution Systems Market in Process Industries 2016-2020
- Global Plant Automation Solutions Market 2016-2020
- Industrial Control Systems Security Software Market in North America 2016-2020
- Global Advanced Process Control Software Market in Chemicals Industry 2016-2020
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