Industrial Software Market

Industrial Software Industry worth $46.6 billion by 2029

The report "Industrial Software Market by Type (Manufacturing Execution System, SCADA, Human Machine Interface, Robotic Software, Fault Detection and Classification, Al in manufacturing, Industrial Metrology), End-use (Process, Discrete) - Global Forecast to 2029" The global industrial software market is expected to be valued at USD 21.5 billion in 2024 and is projected to reach USD 46.6 billion by 2029; it is expected to grow at a CAGR of 16.7 % from 2024 to 2029. The industrial software market is propelled by several key factors driving smart manufacturing and intelligent factory initiatives globally. Adopting Industry 4.0 technologies such as IoT, AI, big data analytics, and cloud computing is pivotal in enhancing operational efficiency and agility. Industrial software solutions like MES, SCADA, and HMI systems optimize production processes by providing real-time monitoring, resource management, and workflow automation, reducing downtime and improving productivity.

Browse 162 market data Tables and 61 Figures spread through 263 Pages and in-depth TOC on "Industrial Software Market"
View detailed Table of Content here -

These solutions also ensure compliance with stringent quality and regulatory standards in industries such as pharmaceuticals and automotive, enhancing product safety and regulatory adherence. Cost efficiency is achieved through better resource utilization and predictive maintenance strategies, contributing to overall cost savings.

Smart manufacturing practices supported by industrial software foster innovation in product design and manufacturing flexibility, accelerating time-to-market for new products and improving global competitiveness. Continuous technological advancements further expand the capabilities of industrial software, driving innovation and enabling more autonomous and interconnected manufacturing environments.

The automotive segment in the discrete industry is expected to grow fastest during the forecast period.

Industrial software plays a crucial role in automotive manufacturing, driving significant growth due to its ability to enhance efficiency, quality, and innovation across the production lifecycle. Automotive manufacturers rely on advanced software solutions such as Manufacturing Execution Systems (MES), SCADA/HMI, or robotic software to streamline design and assembly operations. MES systems optimize production schedules, monitor real-time performance, and ensure compliance with industry standards, thereby improving throughput and reducing costs. This software manages product data and lifecycle processes, facilitating collaboration among design teams and suppliers to accelerate time-to-market for new vehicle models. Moreover, the adoption of digital twins and AI-driven analytics enables predictive maintenance and quality control, minimizing defects and enhancing overall production reliability. The high growth in industrial software adoption within automotive manufacturing is driven by the industry's continuous pursuit of operational excellence, innovation in smart manufacturing technologies, and the need to meet stringent regulatory requirements while maintaining a competitive advantage in a global market.

The Pharmaceuticals segment in process industries is projected to grow significantly during the forecast period.

Industrial software plays a pivotal role in pharmaceutical manufacturing. It is experiencing substantial growth due to its ability to optimize processes, ensure regulatory compliance, and enhance product quality and safety throughout the production cycle. Pharmaceutical companies utilize advanced software solutions, such as Manufacturing Execution Systems (MES), to manage and monitor manufacturing operations with precision and efficiency. MES systems enable real-time monitoring of production processes, ensuring adherence to strict quality standards and regulatory requirements while optimizing resource utilization. The high growth in industrial software adoption within pharmaceutical manufacturing is driven by increasing demand for personalized medicine, stringent regulatory oversight, and the industry's continuous investment in technology to enhance operational efficiency and accelerate time-to-market for new drug formulations. These software solutions empower pharmaceutical companies to maintain high standards of product safety, reliability, and compliance while adapting to evolving market dynamics and consumer expectations.

Asia Pacific is expected to grow significantly throughout the forecast period.

Asia Pacific's industrial software market is projected to grow significantly. In the Asia Pacific, initiatives promoting smart manufacturing and smart factory implementations are considerably shaping the industrial software market. Countries like China, Japan, South Korea, and Singapore lead efforts with strategic initiatives and investments tailored to advance manufacturing through cutting-edge technologies. China's "Made in China 2025" initiative focuses on integrating AI, IoT, and robotics to enhance productivity and innovation in manufacturing. Japan's "Society 5.0" vision aims to use digital technologies to revolutionize manufacturing efficiency and sustainability. South Korea's "Manufacturing Industry Innovation 3.0" emphasizes IoT and cloud computing for smart manufacturing enhancements. Singapore supports digital transformation through its "Smart Industry Readiness Index" framework, guiding companies toward becoming smart factories. These initiatives propel the adoption of MES, SCADA, ERP, and analytics solutions, driving operational efficiency, cost reduction, and faster time-to-market for products. They collectively bolster the industrial software market by fostering innovation and competitiveness in manufacturing across the region.

Key  Players

The industrial software market includes significant Tier I and II players such as Siemens (Germany), Rockwell Automation (US), ABB (Switzerland), Emerson Electric Co. (US) and General Electric (US), among others, are some of the key players in the industrial software market.

Don’t miss out on business opportunities in Industrial Software Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Industrial Software Market Size,  Share & Growth Report
Report Code
SE 9050
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Industrial Software Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets