The Industrial Software Market Landscape: 7 Key Statistics Going Into 2025
IoT Analytics, Tuesday, December 3rd, 2024
The global industrial software market reached $146 billion in 2023, according to IoT Analytics' 132-page Industrial Software Landscape Report 2024-2030, and is forecasted to reach $355 billion by the end of the decade, growing at a CAGR of 13.5%.
Cloud infrastructure and services is the fastest-growing overall industrial software category, while EDA is set to be the fastest for the core industrial value chain software category.
Microsoft gained the most overall market share since 2021, while Oracle, Synopsys, and Cadence Design Systems gained the most in the 'core industrial value chain software' segment.
SaaS is the top vendor business priority, and AI and generative AI are the top innovation priorities