Software for Smart Manufacturing Market Report 2026

The software for smart manufacturing market size has grown rapidly in recent years. It will grow from $124.94 billion in 2025 to $142.86 billion in 2026 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to manufacturing automation, demand for operational efficiency, adoption of erp systems, growth of industrial iot, quality control requirements.

The software for smart manufacturing market size is expected to see rapid growth in the next few years. It will grow to $241.61 billion in 2030 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to smart factory investments, expansion of cloud infrastructure, data driven manufacturing, workforce digitalization, demand for real time decision making. Major trends in the forecast period include adoption of digital twin platforms, cloud based manufacturing software, predictive maintenance solutions, integration of ai analytics, end to end production visibility.

The rising adoption of Industry 4.0 is expected to drive the growth of the software for smart manufacturing market going forward. Industry 4.0, the fourth industrial revolution, integrates digital technologies such as the Internet of Things (IoT), artificial intelligence (AI), robotics, and big data into manufacturing to create intelligent, connected, and efficient production systems. The adoption of Industry 4.0 is increasing due to the growing need for real-time, data-driven decision-making, which enables manufacturers to reduce downtime, optimize resources, and enhance product quality. Software for smart manufacturing facilitates this adoption by providing real-time data integration, automation, and predictive analytics, thereby improving operational efficiency and overall productivity. For instance, in April 2024, according to Rockwell Automation, Inc., a US-based automation company, 95% of manufacturers were either using or evaluating smart manufacturing technology in 2024, up from 84% in 2023. Therefore, the rising adoption of Industry 4.0 is propelling the growth of the software for smart manufacturing market.

Leading companies in the smart manufacturing software space are concentrating on creating sophisticated solutions such as agentic AI-powered platforms to improve operational efficiency, offer better predictive insights, and decrease manual involvement and production downtime. Agentic AI-powered smart manufacturing solutions involve advanced software systems that use autonomous AI agents to independently perform tasks, analyze data, and optimize manufacturing operations in real-time. For instance, in March 2025, India-based IT firm HCL Technologies Limited introduced HCLTech Insight, an agentic AI-driven smart manufacturing platform hosted on Google Cloud. This solution helps manufacturers identify, analyze, and resolve product defects instantly, enhancing production quality and lowering costs. Utilizing Google Cloud’s AI technologies, it provides actionable insights through dashboards and virtual assistants, boosting decision-making and operational efficiency. This scalable, cloud-based AI solution enables manufacturers across various sectors to increase productivity, reduce waste, and uphold high-quality standards.

In August 2024, US software company ECI Software Solutions Inc. acquired ProfitKey International LLC for an undisclosed sum. Through this acquisition, ECI Software Solutions aims to further invest in supporting manufacturing businesses and meeting their evolving industry requirements, delivering enhanced value and securing a promising future for its customers. ProfitKey International LLC, also based in the US, specializes in providing smart manufacturing software solutions.

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., Aegis Industrial Software Corporation.

North America was the largest region in the software for smart manufacturing market in 2025. The regions covered in the software for smart manufacturing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the software for smart manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The software for the smart manufacturing market consists of revenues earned by entities by providing services such as production planning and scheduling, quality management, supply chain optimization, predictive maintenance, real-time monitoring and analytics, inventory management, digital twin simulations, and process automation. The market value includes the value of related goods sold by the service provider or included within the service offering. The software for the smart manufacturing market also includes sales of product lifecycle management (PLM) software, enterprise resource planning (ERP) systems, computer-aided design (CAD), and computer-aided manufacturing (CAM) tools. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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