New Study from StrategyR Highlights a $53.9 Billion Global Market for Industrial Automation Software by 2026

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Jun 27, 2022, 05:00 ET

SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Automation Software - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

New Study from StrategyR Highlights a $53.9 Billion Global Market for Industrial Automation Software by 2026

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Edition: 6; Released: January 2022
Executive Pool: 20752
Companies: 69 - Players covered include ABB Group; Emerson Electric Company; Honeywell International, Inc.; Rockwell Automation, Inc.; Schneider Electric SA; Siemens AG and Others.
Coverage: All major geographies and key segments
Segments: Product (SCADA Software, DCS Software, MES, HMI Software, PLC Software)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Industrial Automation Software Market to Reach $53.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Automation Software estimated at US$36.5 Billion, is projected to reach a revised size of US$53.9 Billion by 2026, growing at a CAGR of 6.6% over the analysis period. SCADA Software, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$19.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the DCS Software segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $11.7 Billion in 2021, While China is Forecast to Reach $9.5 Billion by 2026
The Industrial Automation Software market in the U.S. is estimated at US$11.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

MES Segment to Reach US$15.9 Billion by the year 2026
In the global MES segment, USA, Canada, Japan, China and Europe will drive the 8.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.9 Billion will reach a projected size of US$13.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.