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
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
Automation Software Market Report Coverage
|Market||Automation Software Market|
|Automation Software Market Size 2021||USD 19.9 Billion|
|Automation Software Market Forecast 2030||USD 76.4 Billion|
|Automation Software Market CAGR During 2022 - 2030||16.5%|
|Automation Software Market Analysis Period||2018 - 2030|
|Automation Software Market Base Year||2021|
|Automation Software Market Forecast Data||2022 - 2030|
|Segments Covered||By Product, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||ClickDimensions, Act-On Software, Oracle, ActiveCampaign, Sendinblue, SAS, Acoustic, Salesforce, GetResponse, and HubSpot.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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
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
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
The Middle East & Africa
Asia-Pacific Region Is Expected To Lead The Global Automation Software Market
The market in Asia-Pacific is expected to witness faster growth in the target market due to high government spending on infrastructure. Rapid industrialization in developing countries with the advent of artificial intelligence, machine learning, and robotic technology is revolutionizing economies with automated systems. Government expenditure on the development of healthcare is increasing; the inclination towards deployment of advanced robotics in order to facilitate the service is expected to augment the automation software market growth.
Automation Software Market Players
Some of the top automation software market companies offered in the professional report include ClickDimensions, Act-On Software, Oracle, ActiveCampaign, Sendinblue, SAS, Acoustic, Salesforce, GetResponse, and HubSpot.
Automation Software Market Strategies
Some of the key strategies in global market:
The estimated value of global automation software market in 2021 was accounted to be USD 19.9 Billion.
The projected CAGR automation software market during the analysis period of 2022 to 2030 is 16.5%.
The prominent players of the global automation software market are ClickDimensions, Act-On Software, Oracle, ActiveCampaign, Sendinblue, SAS, Acoustic, Salesforce, GetResponse, and HubSpot.
North America held the dominating automation software during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for automation software during the analysis period of 2022 to 2030.
Widespread adoption of industry 4.0 & technology architecture, and rising adoption of emerging digital industrialization such as IIoT drives the growth of global automation software market.
Based on product, cloud segment is expected to hold the maximum share of the automation software market.