The industrial automation market in the Europe, Middle East and Africa is estimated to grow USD 36.4 billion in 2021 and reach USD 51.4 billion by 2026; it is expected to register a CAGR of 7.1% from 2021 to 2026.
The growth of the market is attributed to the growing demand for real-time data analysis across geographies and increasing adoption of latest technology across the end-use industries to improve performance. The major driving factor for the industrial automation market is the increasing demand for real-time data analysis and proactive maintenance, which would enable manufacturers to obtain better visibility of the manufacturing plant and, therefore, enhance efficiency