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Key Trends Reshaping the Software For Smart Manufacturing Market: Agentic AI Enhances Operational Efficiency And Predictive Insights Industry Transformation
Software For Smart Manufacturing Market
What Will the Software For Smart Manufacturing Industry Market Size Be by 2025?
The smart manufacturing software market has experienced substantial growth in the recent past, with its size expanding from $109.10 billion in 2024 to an expected $124.94 billion in 2025. This represents a compound annual growth rate (CAGR) of 14.5%. Factors that have contributed to this growth during the historical period include the growing significance of data-driven decision making, an increasing demand for customization and personalization, a heightened need for improved human-machine interfaces, the availability of a more skilled workforce, and an increase in investments in smart manufacturing startups.
What's the Long-Term Growth Forecast for the Software For Smart Manufacturing Market Size Through 2029?
Predictions forecast a swift expansion in the market size for smart manufacturing software in the forthcoming years, with an anticipated boom to $212.12 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 14.1%. Factors influencing this prospective growth within the projected period include an escalating demand for instant insights into production processes, a heightened focus on predictive upkeep, a growing emphasis on energy efficiency and sustainability, increased adoption of digital twin technology, and a rising trend towards cloud-based solutions. Significant trends projected within this period encapsulate the incorporation of the Industrial Internet of Things (IIoT) platform, technological progress in artificial intelligence (AI) and machine learning, the evolution of digital twin technologies, gradual advancements in robotics and automation, and the merger of cloud computing solutions.
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What Are the Key Growth Drivers Fueling the Software For Smart Manufacturing Market Expansion?
The surge in the incorporation of Industry 4.0 is propelling market growth as there is a demand for real-time data-based decision making.
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What Are the Key Trends Driving Software For Smart Manufacturing Market Growth?
Prominent firms in the smart manufacturing software market are prioritizing the development of cutting-edge solutions like agentic AI-driven platforms to improve operational competence, elevate predictive knowledge, and decrease manual interference and production halts. Agentic AI-enabled smart manufacturing solutions relate to sophisticated software systems that employ independent AI elements to carry out tasks, assess data, and fine-tune manufacturing procedures in real-time. For instance, in March 2025, the Indian IT firm, HCL Technologies Limited, introduced HCLTech Insight, an Agentic AI-empowered smart manufacturing solution on Google Cloud. It aims to support manufacturers in real-time detection, analysis, and correction of product faults, thereby improving production quality and cutting down costs. Utilizing Google Cloud's AI technologies, it delivers actionable insights via dashboards and virtual assistants, boosting judgment and operational efficiency. As a result, manufacturers from various industry sectors can increase productivity, curb wastage, and uphold superior quality standards through its scalable, cloud-based AI functionalities.
How Is the Software For Smart Manufacturing Market Segmented?
The software for smart manufacturing market covered in this report is segmented
1) By Component: Sofware, Hardware, Services
2) By Industry: Process Industry, Discrete Industry
3) By Deployment: Cloud, On-premises
4) By Enterprise Type: Large Enterprises, Small And Mid-Sized Enterprises (SMEs)
5) By Application: Digital Twin, Enterprise Resource Planning (ERP), Quality Management, Supply Chain Planning, Asset Performance Management, Manufacturing Execution System Automation And Orchestration, Maintenance Or Preventive Or Predictive Management, 3D Printing Or Modelling, Product Lifecycle Management, Other Applications
Subsegments:
1) By Software: Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP)
2) By Hardware: Sensors, Controllers, Robots
3) By Services: Consulting, Maintenance And Support, Integration
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Which Companies Are Leading the Charge in Software For Smart Manufacturing Market Innovation?
Major companies operating in the software for smart manufacturing market are Siemens AG, General Electric Company, Cisco Systems Inc., Oracle Corporation, Mitsubishi Electric Corp., Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd, Emerson Electric Co., Robert Bosch GmbH, Rockwell Automation Inc, FANUC Corporation, Dassault Systems SE, Autodesk Inc., Yokogawa Electric Corporation, PTC Inc, AVEVA Group plc, 3D Systems Corp., and Aegis Industrial Software Corporation.
Which Regions Are Leading the Global Software For Smart Manufacturing Market in Revenue?
North America was the largest region in the software for smart manufacturing market in 2024. The regions covered in software for the smart manufacturing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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