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The industrial automation device manager software market size is forecast to increase by USD 1.57 billion at a CAGR of 6.72% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for integrated asset management services. This trend is driven by the need for real-time monitoring and predictive maintenance of industrial equipment to enhance productivity and minimize downtime. Additionally, the evolution of cloud-based technologies is enabling remote access to device data and management, offering cost savings and flexibility to organizations. Wired networking systems continue to dominate the market due to their reliability and strength, although wireless technologies are gaining traction in certain applications. The market is expected to grow further as industries continue to digitize their operations and seek to optimize their industrial automation systems.
The market is witnessing significant growth due to the increasing adoption of factory automation in various sectors such as consumer goods, automotive, drilling operations, and logistics chain. The market is driven by the need for efficient and effective management of machinery and processes in reactive and predictive states, as well as the move towards prescriptive stages in maintenance. Cloud-based solutions are gaining popularity due to their flexibility and scalability, enabling real-time monitoring and diagnostics and inspections of machinery and processes. The automation sector, including German mechanical engineering and robotics, is a major revenue stream for the market. Complexity in manufacturing processes and the integration of digital workflows are driving the demand for advanced technologies such as artificial intelligence, machine learning, deep learning, machine vision, and intelligent traffic management.
Smart manufacturing and collaborative robots are also key trends in the market. Pipeline monitoring, weather monitoring, and process automation are other applications of industrial automation device manager software, offering significant opportunities for growth. Overall, the market is expected to experience strong growth in the coming years, driven by the increasing need for efficient and intelligent manufacturing and operations in various industries.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The On-premises segment is estimated to witness significant growth during the forecast period. The market witnessed the prevalence of on-premise deployment solutions in 2023, accounting for a significant market share. This dominance can be attributed to several factors. Primarily, industries such as healthcare, finance, and infrastructure demand high levels of data security and regulatory compliance, making on-premise deployments an ideal choice. Moreover, on-premise solutions enable users to customize software according to their unique industry requirements and seamlessly integrate with existing infrastructure.
In the realm of factory automation, logistics chain, and process automation, cloud-based solutions are gaining traction. Consumer goods, automotive, drilling operations, pipeline monitoring, weather monitoring, and other industries are increasingly adopting cloud-based solutions for their advantages, including real-time data access, scalability, and cost savings. Industry-specific software solutions are being developed, incorporating advanced technologies like artificial intelligence (AI), machine learning (ML), deep learning, machine vision, intelligent traffic, and sensors, to optimize production speed, reduce waste, and enhance monitoring capabilities. The automation sector is undergoing a digital transformation, with the integration of robotics, collaborative robots, and LoT system components, such as batteries, microchips, and SCADA, HMI, PLC, and MES systems.
This transformation is also reflected in sectors like medical diagnostics and surgical technologies, where AI, ML, and deep learning are being employed to analyze medical data and enhance diagnostic accuracy. The Power segment is also embracing industrial automation device manager software, with Adobe Acrobat being used for document management and machine hours tracking, ensuring standardization and dependable products. Monitoring and diagnostics and inspections are crucial aspects of industrial automation, with solutions offering real-time data analysis and predictive maintenance capabilities gaining popularity.
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The On-premises segment accounted for USD 2.13 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is anticipated to witness a lower growth rate compared to other regions during the forecast period. However, the region is projected to exhibit an upward trend due to significant contributions from key markets in China, South Korea, Japan, India, Vietnam, Malaysia, and Australia. The increase in population and rising per capita incomes have fueled higher consumption habits, leading to increased industrialization in APAC. The food and beverage industry in APAC is poised for growth during the forecast period, driven by the increasing demand for packaged food and ready-to-eat options. In the context of Industrial Automation Device Manager Software, the market in APAC is witnessing significant adoption, particularly in complex machinery environments.
Advanced technologies such as APM (Asset Performance Management), APC (Advanced Process Control), PLM (Product Lifecycle Management), and OTS (Off-the-Shelf) solutions are gaining traction in APAC. These technologies enable visualization of machinery performance, identification, and management of faults, and implementation of digital workflows for maintenance. Industrial Automation Device Manager Software is crucial for industries operating in reactive and predictive states, as it facilitates proactive maintenance, reducing downtime and increasing productivity. Furthermore, the prescriptive stages of these technologies provide valuable insights for predictive maintenance, enabling machinery to operate in optimal conditions. Smart manufacturing and automation are key revenue streams for the market in APAC, as industries aim to enhance operational efficiency and productivity.
The market is expected to witness significant growth during the forecast period, driven by the increasing adoption of these advanced technologies.
Our industrial automation device manager software market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The need for comprehensive asset management solutions is increasing as more organizations seek to streamline their financial operations and optimize their investment portfolios. Industrial automation device manager software is witnessing significant demand in various end-user industries, including heavy industries, oil and gas, and mining, due to the challenges posed by unstructured maintenance planning, lack of a centralized data source, and poor inventory management. These issues result in increased capital and operational expenses and decreased equipment efficiency. To address these concerns, integrated asset management services (IAMS) have gained popularity, encompassing information management, maintenance and material management, enterprise asset management, and asset tracking and monitoring. IAMS improves plant and facility performance by enhancing factory automation, logistics chain, and process automation. The market for this software is further driven by the adoption of cloud-based solutions, collaborative robots, artificial intelligence (AI), machine learning (ML), deep learning, machine vision, intelligent traffic, and various IoT system components.
Key industries such as consumer goods, automotive, drilling operations, pipeline monitoring, weather monitoring, and power segment are embracing this digital transformation. Additionally, sectors like German mechanical engineering, robotics, automation, medical diagnostic, surgical technologies, sensors, batteries, microchips, and various LoT system components are also integrating industrial automation device manager software for robotic process automation, waste reduction, production speed enhancement, and standardization. Dependable products, such as SCADA, HMI, PLC, and MES, are essential components of this software, providing customers with monitoring capabilities and enabling them to make informed decisions based on real-time data.
Cloud-based technologies have experienced significant advancements, enabling businesses and individuals to access and utilize computing resources on demand, enhancing efficiency, flexibility, and collaboration. The market has witnessed significant growth due to the integration of advanced technologies such as Internet of Things (IoT), data analytics, and cloud computing. These technologies have revolutionized factory automation and logistics chain management by enabling real-time monitoring and control of various industrial processes. In the consumer goods sector, automotive, drilling operations, and pipeline monitoring, cloud-based solutions have become essential for effective business decision-making. IoT technology facilitates data sharing between standalone control systems and other devices, while cloud computing acts as a network of servers that store, manage, and process vast amounts of data related to industrial operations and performance.
Additionally, technologies like artificial intelligence, machine learning, deep learning, machine vision, and intelligent traffic systems have become crucial components of the industrial automation sector. German mechanical engineering companies, robotics manufacturers, and automation sector leaders have embraced collaborative robots, sensors, batteries, microchips, and LoT system components to drive digital transformation. Robotic process automation, Power segment monitoring, and waste reduction are some of the key applications of industrial automation device manager software. Adobe Acrobat, Machine hours, Monitoring, and Production speed are some of the essential features that customers look for in dependable products. Supervisory Control and Data Acquisition (SCADA), Human-Machine Interface (HMI), Programmable Logic Controllers (PLC), and Manufacturing Execution Systems (MES) are some of the critical components of industrial automation systems.
The wired networking systems market is characterized by a significant market share held by established providers. Industrial Automation Device Manager Software plays a pivotal role in various end-user industries, including factory automation, logistics chain, consumer goods, automotive, drilling operations, and pipeline monitoring, among others. The software facilitates process automation, diagnostics and inspections, weather monitoring, and pipeline monitoring, among other applications. The automation sector, comprising German mechanical engineering, robotics, collaborative robots, artificial intelligence, machine learning, deep learning, machine vision, intelligent traffic, medical diagnostic, surgical technologies, sensors, batteries, microchips, and LoT system components, is undergoing digital transformation. Industrial communication protocols, such as Fieldbus and Ethernet, are widely used for uninterrupted data transmission in these industries. The advantages of wired communication protocols include limited interference in industrial environments, higher data speeds, and the introduction of Power over Ethernet (PoE) protocols enabling data transmission speeds up to 100 Gbps.
Industrial communication cables are sturdy and minimize external interference, with fiber-optic cables further improving data transmission within industries. The global market for industrial communication cables is expected to grow steadily during the forecast period, driven by the increasing adoption of automation and digitalization across various sectors. The software market for Industrial Automation Device Manager is also expected to grow, with applications in monitoring, waste reduction, production speed enhancement, and standardization of processes. The use of SCADA, HMI, PLC, and MES systems further enhances the efficiency of industrial processes. Adobe Acrobat, Machine hours, and Monitoring are essential components of the Industrial Automation Device Manager Software.
The industrial automation device manager software market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd: The company offers a comprehensive solution through ABB Ability Industrial Software, specifically designed as an industrial automation device manager.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing adoption of factory automation in various industries, including consumer goods, automotive, drilling operations, and logistics chain. The market is driven by the need for real-time monitoring and diagnostics and inspections of machinery and equipment in process automation. Cloud-based solutions are gaining popularity due to their flexibility and cost-effectiveness. The automation sector is witnessing a digital transformation with the integration of collaborative robots, artificial intelligence, machine learning, deep learning, machine vision, and intelligent traffic systems. German mechanical engineering companies are at the forefront of this innovation, leading the way in robotics and machine vision technologies.
The power segment is also a significant contributor to the market, with the adoption of SCADA, HMI, and PLC systems for monitoring and controlling power generation and distribution. Sensors, batteries, microchips, and lot system components are essential components of industrial automation device manager software. The market is expected to grow further with the increasing demand for waste reduction, production speed, and standardization of products. The use of Adobe Acrobat for document management and robotic process automation is also gaining traction. Weather monitoring and pipeline monitoring are other applications of industrial automation device manager software, providing dependable products and services to customers.
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Market Scope |
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Report Coverage |
Details |
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Page number |
193 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.72% |
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Market growth 2024-2028 |
USD 1.57 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.48 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Advantech Co. Ltd., Danaher Corp., Delta Electronics Inc., Digi International Inc., Eaton Corp. Plc, Emerson Electric Co., Endress Hauser Group Services AG, Flexera Software LLC, General Electric Co., Hitachi Vantara LLC, Honeywell International Inc., Moxa Inc., OMRON Corp., Parsec Automation Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, WAGO GmbH and Co. KG, and Yokogawa Electric Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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