Industrial Automation Software Market Growth, Price, Demand and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Industrial Automation Software Market 2016-2020

Technavio recognizes the following companies as the key players in the global industrial automation software market: Rockwell Automation, Emerson Electric, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: ABB, Accenture, Dassault Systèmes, HCL Technologies, Hitachi, Honeywell International, Parsec Automation, SAP, TCS, WERUM IT Solutions, and Wipro.

Browse full report with TOC@ https://marketreportscenter.com/reports/388375/global-industrial-automation-software-market-2016-2020

Commenting on the report, an analyst from Technavios team said: 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...