Global Industrial Automation Runtime Software Market Growth (Status and Outlook) 2024-2030
Industrial Automation Runtime Software market size is projected to grow from US$ 38330 million in 2023 to US$ 57620 million in 2030; it is expected to grow at a CAGR of 6.0% from 2
According to Publisher’s latest study, the global Industrial Automation Runtime Software market size is projected to grow from US$ 38330 million in 2023 to US$ 57620 million in 2030; it is expected to grow at a CAGR of 6.0% from 2024 to 2030.
Market Overview
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A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
This Insight Report provides a comprehensive analysis of the global Industrial Automation Runtime Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Automation Runtime Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Automation Runtime Software market.
Key Features:
Market Drivers: Industry 4.0 and Smart Manufacturing: One important driver is the adoption of Industry 4.0 and smart manufacturing technology. In order to handle linked systems, data analytics, and real-time monitoring, these technologies significantly rely on sophisticated software.
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Growing Need for Efficiency: Businesses are always under pressure to increase production, cut down on downtime, and improve efficiency. Automation software offers precise control and monitoring capabilities that aid in the accomplishment of these objectives.
Technological Progress: Technological developments in machine learning, artificial intelligence, and the Internet of Things (IoT) are revolutionizing industrial automation. Sophisticated software is necessary for these technologies to work properly, which propels market expansion.
Growing Uptake of Solutions Based in the Cloud: The adoption of cloud-based automation systems has been popular among sectors seeking to update their operations due to its scalability, flexibility, and affordability.
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Regulatory Compliance: In order to guarantee compliance and uphold strict safety and quality standards, industries are being compelled to implement sophisticated automation software by means of stricter regulations and requirements for industrial processes.
Challenges- High upfront Costs: Small and medium-sized businesses (SMEs) may find it difficult to adopt advanced automation software due to the high upfront costs involved.
Cybersecurity Issues: The risk of cyberattacks rises with the increased connectivity of industrial systems. Strong cybersecurity defenses are essential for automated systems to operate safely.
Complex Integration: It can be difficult and complex to integrate automation software with current legacy systems, necessitating a large investment of time and technical know-how.
Lack of Skilled Workers: One of the biggest problems facing the business is the lack of qualified personnel needed to design, deploy, and maintain sophisticated automation systems.
Market Forecasts and Future Outlook: The market for industrial automation runtime software is expected to increase rapidly between 2024 and 2030 due to the adoption of Industry 4.0, rising efficiency demands, and technical advancements. Despite obstacles including high startup costs and cybersecurity worries, the business has a lot of room for growth and innovation. It will be imperative for market participants to prioritize digital transformation, strategic collaborations, and sustainable solutions in order to sustain their competitive advantage and adapt to changing industry demands.
Opportunities: Emerging Markets: There are plenty of growth prospects when venturing into emerging markets that are experiencing an increase in industrial activity. Customizing solutions to fit regional requirements might promote market penetration.
Innovation in AI and IoT: By utilizing these fields' advances to create automation systems that are more intelligent and networked, businesses can draw in more customers and increase operational efficiency.
Partnerships and Collaborations: Creating strategic alliances and collaborations with academic institutions, business titans, and technology providers can spur innovation and increase market penetration.
Sustainability Initiatives: Industries that are concerned about the environment may find it appealing to develop automation solutions that assist sustainability initiatives like waste reduction and energy efficiency.
Market Segmentation:
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Automation Runtime Software market by product type, application, key players and key regions and countries. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
1. Segmentation by type
• Cloud-based
• On-premise
2. Segmentation by application
• Textiles and Clothing
• Chemical Industry
• Machinery
• Electronics and Optical
• Food & Beverages
• Others
Regional Insight: North America: Due to the existence of large automation firms and a high degree of technology adoption, North America has a sizable market share. Key markets with a heavy emphasis on smart manufacturing and Industry 4.0 projects are the United States and Canada.
Europe: Because of its sophisticated industrial base and strict regulatory norms, Europe is a significant market. The UK, France, and Germany are at the forefront of the deployment of automation technology.
Asia-Pacific: Driven by quick industrialization, growing manufacturing sectors, and rising investments in automation technologies, the Asia-Pacific area is predicted to grow at the quickest rate. China, Japan, and India are the main drivers of this expansion.
Middle East and Africa: The region is seeing growth as a result of growing investments in automation to increase productivity and efficiency, as well as developing industrial sectors, particularly in the oil and gas industry.
United States market for Industrial Automation Runtime Software is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Industrial Automation Runtime Software is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Industrial Automation Runtime Software is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape- Global key Industrial Automation Runtime Software players cover Siemens PLM Software, Dassault Systems, Rockwell Automation, PTC and Hexagon, etc.
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Siemens PLM Software
• Dassault Systemes
• Rockwell Automation
• PTC
• Hexagon
• Autodesk
• ANSYS
• Bentley Systems
• GE
• Emerson
• Omron
• Johnson Controls
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Industrial Automation Runtime Software Market Size 2019-2030
2.1.2 Industrial Automation Runtime Software Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Industrial Automation Runtime Software Segment by Type
2.2.1 Cloud-based
2.2.2 On-premise
2.3 Industrial Automation Runtime Software Market Size by Type
2.3.1 Industrial Automation Runtime Software Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Industrial Automation Runtime Software Market Size Market Share by Type (2019-2024)
2.4 Industrial Automation Runtime Software Segment by Application
2.4.1 Textiles and Clothing
2.4.2 Chemical Industry
2.4.3 Machinery
2.4.4 Electronics and Optical
2.4.5 Food & Beverages
2.4.6 Others
2.5 Industrial Automation Runtime Software Market Size by Application
2.5.1 Industrial Automation Runtime Software Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Industrial Automation Runtime Software Market Size Market Share by Application (2019-2024)
3 Industrial Automation Runtime Software Market Size by Player
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