Industrial Automation Software Market to Reach $59.5 Billion by 2029

The global industrial automation software market is projected to grow at a CAGR of 7.4% from 2022, reaching $59.5 billion by 2029. Key drivers of this growth include the increasing demand for automation to enhance manufacturing quality and reliability, the need for mass production with reduced operational costs, and the rise of Industry 4.0 and enabling technologies.