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Global Industrial Automation Software Market to Grow 6.39% by 2020 - Key Vendors are Emerson Electric, Schneider Electric & Siemens - Research and Markets

[September 20, 2016]

Global Industrial Automation Software Market to Grow 6.39% by 2020 - Key Vendors are Emerson Electric, Schneider Electric & Siemens - Research and Markets

Research and Markets has announced the addition of the "Global Industrial Automation Software Market 2016-2020" report to their offering.

The report forecasts the global industrial automation software market to grow at a CAGR of 6.39% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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 and control systems security concerns will be a challenge for the market.

Key vendors: