The report forecasts the global industrial automation software market to grow at a CAGR of 6.39% during the period 2016-2020.
Shift toward cloud-based deployments will be a key trend for market growth. Industrial automation software based on the cloud is likely to be a next logical step in the evolution of automation technology in process industries. End-users are becoming more comfortable with the concept of service-based technology architecture. They can significantly reduce costs, achieve greater flexibility, and enhance functionality by shifting toward the cloud-based environment. SMEs operating in process industries face budget constraints and cuts that make it difficult to afford the initial investment in MES.
According to the report, increasing smart grid deployments in power industry will be a key driver for market growth. The industrial automation software in the power industry is likely to grow during the forecast period because of major smart power investments worldwide. Industrial automation software is used to drive the ICS that is used in the power generation, transmission and distribution. Industrial control systems (ICS) are used to collect, store, and analyze data from multiple data points in national or regional networks. They perform power network modeling, simulate power operations, identify faults, and pre-empt outages.
Further, the report states that industrial automation and control systems security concerns will be a challenge for the market. Earlier, industrial control systems were not connected to business systems such as ERP, CRM, and financial software, through any common or standard network. However, it is quite common nowadays for these systems and software to connect into business systems through Transmission Control Protocol/Internet Protocol (TCP/IP) networking.
- Rockwell Automation
- Emerson Electric
- Schneider Electric
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market segmentation by type
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/nx2vvt/global_industrial
Related Topics: Software, Industrial Automation
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-industrial-automation-software-market-to-grow-639-by-2020---increasing-smart-grid-deployments-in-power-industry---research-and-markets-300331153.html
SOURCE Research and Markets