The Global Automation Software Market Size accounted for USD 19.9 Billion in 2021 and is estimated to achieve a market size of USD 76.4 Billion by 2030 growing at a CAGR of 16.5% from 2022 to 2030. The increasing adoption of emerging digital industrial technologies such as IIoT and cloud-based solutions is driving the automation software market growth. Furthermore, the growing requirement to eliminate human error and boost time efficiency, as well as the rising demand for improved performance and control over everyday operations, are projected to drive the automation software market value over the next few years.

Automation Software Market Report Key Highlights

• Global automation software market revenue is estimated to expand by USD 76.4 billion by 2030, with a 16.5% CAGR from 2022 to 2030.
• North America automation software market share accounted for over 39% shares in 2021
• Asia-Pacific automation software market trend will observe fastest CAGR from 2022 to 2030
• Based on product, cloud segment accounted for over 58% of the overall market share in 2021
• The manufacturing application segment is growing at a CAGR of 17.1% from 2022-2030
• On-premise product segment is expected to reach at a CAGR of 17.3% over the forecasting years
• Rising adoption of emerging digital industrialization such as industrial Internet of Things (IIoT), fuels the automation software market size

Automation software is a program that reduces the need for human intervention and can be utilized in practically any sector. Automation software is intended to convert recurring, routine processes into automated actions. Automation systems have expanded rapidly in recent years. 75% of marketing professionals are already utilizing, at least one marketing automation software, with 50% claiming that automation has enhanced their overall rate of exchange. These platforms, when combined with other conversion technologies, significantly improve organizational value.

 Global Automation Software Market Dynamics

Market Drivers

• Growing need for automation in quality and reliable operations
• Increasing adoption for mass production with lower operating expenses
• Widespread adoption of industry 4.0 & technology architecture
• Rising adoption of emerging digital industrialization such as industrial Internet of Things (IIoT)

Market Restraints

• Limited professional availability and security awareness
• High implementation costs for industrial automation solutions

Market Opportunities

• Increasing need to mitigate human errors and save time
• Growing demand for improved performance and governance

Automation Software Market Report Coverage

The government is focused on strengthening the infrastructure in order to support the adoption of advanced devices. In 2021, the government of the US said it will spend US$ 10.9 Bn on intelligent process automation (IPA). While artificial intelligence (AI) and robotic process automation (RPA) services are expected to have lower spending with US$ 4 Bn and US$ 5.4 respectively. The adoption of intelligent process automation in every industrial vertical approach towards enhancing operational efficiency and reducing cost is increasing. Favorable business schemes and policies by the local government and the emergence of SME enterprises with innovative solutions and increasing investment for automation in various industry verticals are major factors expected to drive the growth of the global automation software market. In addition, increasing mergers & acquisitions and novel product entries in order to grow the business and enhance the customer base will drive the industrial automation software market growth.

Factors such as the lack of developed infrastructure in developing countries for the adoption of advanced devices and the lack of skilled professionals are factors expected to hamper the growth of the global marketing automation software market. In addition, the high cost associated with the integration of advanced solutions to the present structure is expected to challenge the growth of the target market. However, increasing government spending on training new professionals, high investment by major players, and new product launches are factors expected to create new opportunities for players operating in the industrial automation software market trend over the forecast period. In addition, the increasing partnership between regional and international players is expected to support the revenue growth of the target market.

Automation Software Market Segmentation  

The worldwide automation software market segmentation is based on the product, application, and geography.

Automation Software Market By Product

• On-premises
• Cloud

According to the automation software industry analysis, the on-premise segment is predicted to account for the biggest revenue share during the projection years. On-premise is substantially more secure because the software is installed within an organization's premises, ensuring superior data control. Furthermore, on-premises software is favored over on-cloud software since it is more protected.

Automation Software Market By Application

• BFSI
• IT and Telecoms
• Retail and Consumer Goods
• Travel and Hospitality
• Healthcare and Life Sciences
• Education
• Media and Entertainment
• Manufacturing
• Others

According to the automation software market forecast, the manufacturing industry is predicted to increase significantly in the market over the next few years. By improving organizational efficiency, automation software has revolutionized the manufacturing business. Due to its great efficiency, such software is projected to see increased acceptance in the manufacturing industry, driving revenue in this sector.

Automation Software Market Regional Outlook