Global automation software market grows 22% a year

London-— With a market value of $1.9 billion, automation software is the most dynamic sector of the global automation industry and will be a crucial product for large control system suppliers during the next decade, according to a recent report by Datamonitor, a market analysis firm. Its "Global Automation Software" report states that the global market for automation software has g...

08/01/1999


London -— With a market value of $1.9 billion, automation software is the most dynamic sector of the global automation industry and will be a crucial product for large control system suppliers during the next decade, according to a recent report by Datamonitor, a market analysis firm. Its "Global Automation Software" report states that the global market for automation software has grown at an average annual rate of 22% over the last five years and will reach $3.6 billion in 2003. It adds the chemicals industry is the largest global end-user of automation software. Growth has been strongest in the Americas, where impact of new products in major U.S. and Canadian markets and rapid market development in South America increased market value by 33% annually. European growth has averaged 21% per year because those markets have been well developed since the mid-1990s and the full impact of recent new product launches—especially in PC-based DCSs—haven't been fully felt. Datamonitor's report projects future growth will be fastest in the Americas at 18.4% annually, pushing that segment $1.88 billion in 2003. Meanwhile, Europe will grow 9.8% per year to reach $1.19 billion, while Asia will grow 7.3% annually to $574 million.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me