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Industrial Automation Device Manager Software Market size is set to grow by USD 1.56 million from 2024-2028, Growing demand for integrated asset management services to boost the market growth, Technavio

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NEW YORK, June 13, 2024 /PRNewswire/ — The global industrial automation device manager software market size is estimated to grow by USD 1.56 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.72% during the forecast period. Growing demand for integrated asset management services is driving market growth, with a trend towards evolution of cloud-based technologies. However, dominant market share of wired networking systems poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., Danaher Corp., Delta Electronics Inc., Digi International Inc., Eaton Corp. Plc, Emerson Electric Co., Endress Hauser Group Services AG, Flexera Software LLC, General Electric Co., Hitachi Vantara LLC, Honeywell International Inc., Moxa Inc., OMRON Corp., Parsec Automation Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, WAGO GmbH and Co. KG, and Yokogawa Electric Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (On-premises and Cloud), End-user (Oil and gas, Power, Chemical and petrochemical, Automotive, and Food and beverages and others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Danaher Corp., Delta Electronics Inc., Digi International Inc., Eaton Corp. Plc, Emerson Electric Co., Endress Hauser Group Services AG, Flexera Software LLC, General Electric Co., Hitachi Vantara LLC, Honeywell International Inc., Moxa Inc., OMRON Corp., Parsec Automation Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, WAGO GmbH and Co. KG, and Yokogawa Electric Corp.

Key Market Trends Fueling Growth

The industrial automation device manager software market is experiencing significant growth due to the integration of advanced technologies like IoT, data analytics, and cloud computing. These technologies have replaced traditional wired systems in industrial facilities, providing benefits such as remote monitoring, system optimization, and energy efficiency. Cloud computing acts as a powerful tool for storing and processing critical operational data, enabling effective business decision-making and deriving insights from unstructured data. IoT technology facilitates data sharing between devices, enhancing the overall performance of industrial operations. The market is expected to continue growing as the demand for scalable and robust industrial automation solutions increases. 

The Industrial Automation Device Manager software market is experiencing significant growth due to the increasing demand for automation in various industries. Logistics and manufacturing sectors are leading the way in adopting these solutions to improve efficiency and productivity. The market is witnessing a trend towards cloud-based and real-time monitoring systems, allowing for remote access and control of devices. Producers are focusing on providing secure and reliable solutions to address the concerns of data security and network connectivity.

Additionally, the integration of machine learning and artificial intelligence technologies is enabling predictive maintenance and optimizing production processes. Overall, the market is expected to continue its upward trajectory as more businesses seek to streamline their operations and reduce costs.

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The industrial communication cables market’s robust growth, driven by the adoption of wired protocols like Fieldbus and Ethernet, presents a challenge for the industrial automation device manager software market. Key advantages of wired communication include uninterrupted data transmission, minimal interference, and higher data speeds.The emergence of Power over Ethernet (PoE) and fiber-optic cables has further boosted data transmission speeds up to 100 Gbps. This market expansion may hinder the growth of the industrial wireless market, ultimately impacting the industrial automation device manager software market’s development during the forecast period.The Industrial Automation Device Manager software market faces several challenges in implementing and managing complex systems. These challenges include compatibility issues between various machine types and software versions, ensuring secure network connections, and integrating new technologies like IoT and AI.Additionally, keeping up with the latest industry standards and regulations, such as cybersecurity and data privacy, can be a significant challenge. Proactively addressing these issues through robust software solutions and ongoing training for staff is essential for businesses to optimize their industrial automation processes and maintain a competitive edge.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

Deployment1.1 On-premises1.2 CloudEnd-user2.1 Oil and gas2.2 Power2.3 Chemical and petrochemical2.4 Automotive2.5 Food and beverages and othersGeography3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 On-premises- The on-premise deployment method holds the top position in the industrial automation device manager software market in 2023. Organizations in sectors with strict data security and regulatory requirements, such as healthcare and finance, favor on-premise solutions. These deployments offer greater control over software customization and infrastructure integration, making them ideal for complex business needs.

Leading companies like Schneider Electric and ABB continue to provide specialized on-premise solutions, solidifying this deployment style’s dominance. Despite the market’s evolution, on-premise solutions’ advantages ensure continued growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

In the dynamic and intricate automation sector, the Industrial Automation Device Manager Software Market plays a pivotal role in optimizing factory automation for various industries, including consumer goods and automotive. This cloud-based solution facilitates the management of machinery in complex logistics chains, enabling real-time diagnostics and inspections. It supports predictive and prescriptive maintenance in reactive and predictive states, ensuring minimal downtime.

Smart manufacturing integrates robotics, automation, artificial intelligence, machine learning, deep learning, machine vision, and intelligent traffic to enhance productivity and efficiency. The software market caters to revenue streams in drilling operations, pipeline monitoring, weather monitoring, and process automation. Collaborative robots and digital workflows further streamline operations, making the automation sector more efficient and profitable.

Market Research Overview

The Industrial Automation Device Manager Software market encompasses solutions designed to monitor, manage, and optimize various industrial automation devices and systems. These tools enable real-time visibility into device performance, diagnostics, and troubleshooting. They also facilitate configuration, firmware updates, and security management. Logistics and supply chain management, predictive maintenance, and analytics are other key functionalities.

Producers of these software solutions cater to industries such as manufacturing, energy, water and wastewater, transportation, and healthcare. Robotic processes and artificial intelligence technologies are increasingly integrated into these offerings. The market is expected to grow significantly due to the increasing adoption of Industry 4.0 and the Internet of Things (IoT) in industrial automation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloudEnd-userOil And GasPowerChemical And PetrochemicalAutomotiveFood And Beverages And OthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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LB Technology Partners with Motorq to Integrate OEM Data Services

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MEMPHIS, Tenn., Jan. 13, 2025 /PRNewswire/ — LB Technology, a leader in fleet management and telematics solutions, is pleased to announce a strategic partnership with Motorq, a leading connected vehicle data platform, to integrate OEM data services into LB Technology’s suite of fleet solutions. This collaboration enhances LB Technology’s ability to provide real-time insights, streamline operations, and offer data-driven decision-making capabilities to its clients using factory-installed OEM telematics hardware from some of the world’s leading automakers, including General Motors, Ford, Toyota, Stellantis, Volkswagen, Volvo, BMW and more.

Integrating Motorq’s cutting-edge OEM data services will enable LB Technology to deliver richer, more accurate vehicle data, including diagnostics, driver behavior analytics, and predictive maintenance insights across many different vehicle manufacturers to deliver actionable insights on one single platform without needing external devices.

“Integrating Motorq’s OEM data services into our platform represents a significant step forward in our mission to deliver smarter, more efficient solutions on one single platform for fleet operators,” said Matt Courts, CTO of LB Technology. “This partnership empowers our customers with the tools and data they need to operate more safely, cost-effectively, and sustainably. We are excited about the possibilities this collaboration brings.”

“We’re thrilled to partner with LB Technology, a company that shares our vision of harnessing data to drive smarter fleet management,” said Matt Naiman, Senior Vice President of Sales at Motorq. “Our OEM data services bring unparalleled accuracy and depth, providing LB Technology’s customers with the insights they need to optimize their operations and achieve their goals.”

The partnership between LB Technology and Motorq is poised to set a new standard in fleet management. It will enable businesses to unlock the full potential of mixed fleet-connected vehicle data while enhancing safety, efficiency, and productivity.

For more information about this partnership and its benefits, please visit www.fleettrack.com.

About LB Technology
LB Technology is a leading provider of fleet management solutions, delivering cutting-edge telematics technology and data-driven insights to businesses worldwide. By leveraging innovative tools and expertise, LB Technology empowers fleet operators to improve safety, efficiency, and sustainability.

About Motorq
Motorq is a leading connected vehicle data platform that helps businesses unlock the power of OEM data to optimize fleet performance and operations. With a focus on accuracy, security, and actionable insights, Motorq is revolutionizing how organizations manage their fleets.

View original content:https://www.prnewswire.com/news-releases/lb-technology-partners-with-motorq-to-integrate-oem-data-services-302349476.html

SOURCE LB Technology, Inc.

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InventHelp Inventor Develops New Set of Audio Accessories (BDH-351)

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PITTSBURGH, Jan. 13, 2025 /PRNewswire/ — “I wanted to create a way to use either earphones or open-air speakers with one accessory,” said an inventor, from Deridder, La., “so I invented the RACHAL – JOHNSON INVENTION. My design increases options when listening to music or other digital content.”

The patent-pending invention provides a new set of accessories for digital music/media consumers. In doing so, it allows for wireless earphone and speaker use. As a result, it increases convenience. It also offers uninterrupted listening, even when charging the earphones. The invention features a versatile design that is easy to use so it is ideal for the general population. Additionally, a prototype is available.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-BDH-351, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/inventhelp-inventor-develops-new-set-of-audio-accessories-bdh-351-302347421.html

SOURCE InventHelp

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Proper Good, Inc. Successfully Secures New Funding to Fuel Growth

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AUSTIN, Texas, Jan. 13, 2025 /PRNewswire/ —  Proper Good, Inc., a leader in ready-to-eat meal solutions, announced today that it successfully secured additional funding in the fourth quarter of 2024 to support the expansion of its 19 affordable meal options, which include oats, soups, and pastas. This milestone underscores the company’s ongoing growth and dedication to providing accessible, ready-made meal choices to a broader audience.

Available in thousands of Walmart locations for under $5 each, Proper Good meals are designed to make healthy and convenient eating accessible to all. The funding round was primarily backed by internal investors and board members, with a strategic focus on driving retail growth and introducing Proper Good to new households in 2025.

“We’re absolutely thrilled to have the incredible backing of our investors as we deepen our retail partnerships,” said Christopher Jane, Co-Founder & CEO of Proper Good. “This support empowers us to bring an even wider variety of delicious, easy meals to Walmart shelves in 2025—making mealtime a breeze for everyone!”

These funds will be strategically deployed to accelerate product development, expand operations, and enhance customer offerings, ensuring Proper Good continues to innovate and lead in the ready-to-eat food space

With a proven track record, innovative solutions, and visionary leadership, Proper Good has garnered significant interest from the investment community. The company remains dedicated to making wholesome, affordable, and convenient meals a staple for households across the nation.

For more information about Proper Good, Inc or to inquire about this offering, please contact:

Media Contact
Jenelle Hamilton PR
Jenelle Hamilton
388645@email4pr.com
+1 646.421.9139

View original content to download multimedia:https://www.prnewswire.com/news-releases/proper-good-inc-successfully-secures-new-funding-to-fuel-growth-302349494.html

SOURCE Proper Good Inc.

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