Europe Industrial Automation Software Market Size (2024 - 2029)

Europe Industrial Automation Software Market Analysis

The Europe Industrial Automation Software Market size is estimated at USD 21.84 billion in 2024, and is expected to reach USD 32.47 billion by 2029, growing at a CAGR of 8.26% during the forecast period (2024-2029).

Industrial automation helps in reducing the machine hours required for the respective operations, which can be made possible only through robust software.

• Recent developments in artificial intelligence (AI) and robotics aim to assist, or even completely automate, many clerical and social interaction tasks. Along with industrial robots, the use of service robots is increasing in the fast-developing market of the European region.
• Many of the EU's research & innovation (R&I) programs have constantly supported the development of solutions and technologies that enable the European manufacturing sector to utilize digital opportunities fully. Many of the projects are financed by the Factories of the Future Public-Private Partnership as they cover areas such as digital automation, process optimization of manufacturing assets, simulation and analytics technologies, and ICT innovation for manufacturing SMEs.
• The market in Europe experiences high investments in terms of new developments, partnerships, and acquisitions. Further investment by various regional governments is expected to increase the need for client-based software solutions to meet the rising demands of SMEs and larger organizations.
• The COVID-19 pandemic brought significant adoption of Industry 4.0, which utilizes several smart manufacturing technologies. Digital workflows and automation are no longer goals; they are becoming necessary requirements. IoT devices offered manufacturers a path toward preserving revenue streams during the pandemic. Rising demand for smart manufacturing products and services in response to the public health crisis is expected to drive further growth.

Europe Industrial Automation Software Industry Segmentation

Industrial automation software controls machinery and processes that replace human beings in performing specific functions. The technological advancements impacting the industry floor, such as in-process control and robotic equipment, are increasing, driving the demand for industrial automation solutions.
The study characterizes the market based on the type of operating software, such as manufacturing execution systems (MES), asset performance management (APM), advanced process control (APC), product lifecycle management (PLM), operator training simulator (OTS), and industrial control systems software (operational and cybersecurity). The end-user segmentation includes oil and gas, chemical and petrochemical, power, water and wastewater, food and beverage, automotive and transportation, and other end-user industries. The segmentation by country includes Germany, France, the United Kingdom, Italy, Eastern Europe (including Russia and Turkey), and the Rest of Western Europe.

The study considers the impact of the COVID-19 pandemic on the market to arrive at the market size and growth rates of various segments.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.