What is Industrial Software?
Industrial software automates all the operations in various types of industries, the software is the collection of all the programs, methods, and functions that helps in managing and collecting the industrial scale data. Industrial software is widely used in the financial services, manufacturing, automotive, healthcare, retail, education, and government industries. It handles and manages product design, industrial systems design, production process, outfit design, etc. It digitalizes the real work done in the industries for analysis and keeps a non-physical record. The software performs a function based on different industries like forecasting, building administration, appraisal, and further development.
The market study is broken down and major geographies with country level break-up.
Autodesk, Inc. (United States), PTC Inc. (United States), Siemens AG (Germany), SAP SE (Germany), Oracle Corporation (United States), AVEVA Group plc (Schneider Electric) (United Kingdom), ABB Group (Switzerland), Industrial Software Solutions (United States) and JK Technosoft (India) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Industrial Software market by Type, Application and Region.
On the basis of geography, the market of Industrial Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployement, the sub-segment i.e. Cloud-based will boost the Industrial Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Financial Services will boost the Industrial Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Product Design will boost the Industrial Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 10th February 2020, AVEVA, a global leader in engineering and industrial software, has unveiled its new Discrete Lean Management software to support digital transformation in the discrete manufacturing market. The new offering improves operational efficiency through the digitalization of lean work management for both manual and automated production lines. AVEVA’s quick-to-deploy and easy-to-use digital tools enable access to production information, KPIs, and notifications on dashboards, workstations, and mobile devices to improve overall equipment and labor effectiveness, and to facilitate data-driven continuous improvement.
On 25th August 2020, AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for Dollar 5.0 billion. AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management to help customers in industrial and essential organizations accelerate their digital transformational strategies as efficiency, flexibility, sustainability, and resilience become increasingly urgent requirements for customers.
- Growing Advanced Information Technology Sector with Cloud Computing
- Increasing Use of Big Data and Cloud Computing in Industrial Software
- Growing Digitalization in Every Industry for Efficiency, Productivity, and Effectiveness
- Rising Number of Complex Work and Need for Reducing the Human Intervention in Record Keeping
- Technological Upgradation in the Industrial Software
- Surging Demand for Industrial Software from Developing Nations
- Regulatory Compliances Associated with the Use of Industrial Software
- Stiff Competition in the Industrial Software Market
Key Target AudienceIndustrial Software Developers, Industrial Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase