Global Process Automation Market
Process Automation Market size is evaluated at USD 94.5 billion in 2024 and is set to cross USD 209.2 billion by the end of 2037, registering more than 6.3% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of process automation is estimated at USD 99.9 billion.
The market is anticipated to rise steadily as process automation plays a critical role in operational efficiency and smooth business processes. Multiple industry verticals are trying to minimize the scope of manual interference and maximize process optimization via automation solutions. Some other critical drivers include growing IoT adoption, AI, and machine learning to empower better decision-making and improved performance. Automation also supports digital transformation strategies. This allows flexibility for businesses to scale their operations with minimum human effort.
Furthermore, the latest solution launches by several major companies are driving growth in the process automation market. For instance, in August 2024, Emerson Electric Co. launched a next-generation automation platform targeted at improving operational performance with the integration of AI into control systems. Several other players are also working toward extending their automation portfolio into advanced robotics and digital solutions for the manufacturing industries. The development represents a continuous activity of major market operators to support their competitive advantage.
Author Credits: Richa Gupta
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