Automation Software Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights

Overview and Scope

Automation software refers to computer programs or platforms designed to perform tasks or processes with minimal human intervention. These tasks can range from simple, repetitive actions to complex workflows that require coordination across multiple systems or applications.

Sizing and Forecast

The automation software market size has grown rapidly in recent years. It will grow from $28.55 billion in 2023 to $34.05 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to increased adoption of industrial technologies, growth in requirement to eliminate human error, rise in demand for improved performance, and expansion of automation systems.

The automation software market size is expected to see rapid growth in the next few years. It will grow to $69.38 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to the growing need for automation in reliable operations, increasing adoption for mass production with lower operating expenses, widespread adoption of Industry 4.0, and rising adoption of emerging digital industrialization. Major trends in the forecast period include technological advancements, the adoption of advanced devices, innovation in intelligent process automation, and rising investment for automation in various industry verticals.

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Segmentation & Regional Insights

The automation software market covered in this report is segmented –

1) By Product: On-Premises, Cloud

2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises

3) By Application: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecoms, Retail And Consumer Goods, Travel And Hospitality, Healthcare And Life Sciences, Education, Media And Entertainment, Manufacturing, Other Applications

North America was the largest region in the automation software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The growing use of IIoT and cloud-based solutions is expected to propel the growth of the automation software market forward. Industrial Internet of Things (IIoT) and cloud-based solutions refer to interconnected networks of industrial devices and equipment that use cloud computing infrastructure to collect, analyze, and manage data to improve operational efficiency, productivity, and decision-making in industrial settings. The demand for IIoT and cloud-based solutions arises from the need for enhanced connectivity, real-time data analysis, and remote monitoring capabilities. IIoT and cloud-based solutions use automation software for seamless integration, monitoring, and control of industrial devices and processes, as well as optimizing operations and driving efficiencies in industrial environments. For instance, in May 2022, according to a report from the GSM Association, a UK-based non-profit industry organization that represents the interests of mobile network operators worldwide, there will be over 23 billion connections on the Internet of Things (IoT) by 2025, compared to 15.1 billion in 2021. Therefore, the growing use of IIoT and cloud-based solutions is driving the growth of the automation software market.

Key Industry Players

Major companies operating in the automation software market are Microsoft Corporation, Amazon Web Services (AWS), Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, NetSuite Inc., SAP SE, Salesforce Inc., Workday Inc., Red Hat Inc., Infor Inc., OpenText Corporation, Citrix Systems Inc., SAS Institute Inc., HubSpot Inc., Epicor Software Corporation, Progress Software Corporation, Deltek Inc., ActiveCampaign LLC, Canonical Ltd., Acoustic L.P., GetResponse Sp. z o.o., Puppet Inc., Act-On Software Inc., QualiSystems Ltd., ActiveTrail Ltd., Push Engage LLC

The automation software market report table of contents includes: