In April 2025, global industrial production, excluding the United States, increased by************* compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of 1*** percent in advanced economies (excluding the United States) for the same time period.

The size of the North America Industrial Manufacturing Industry market was valued at USD 58.35 Million in 2023 and is projected to reach USD 91.39 Million by 2032, with an expected CAGR of 6.62% during the forecast period. Recent developments include: June 2023: Honeywell, an American global company, and LG CNS are collaborating further to increase smart factories' production efficiency and security. Through this collaboration, the two companies will expand cooperation in building smart factories at home and abroad and strengthen OT (Operating Technology) security, which monitors the production process in real-time and remotely controls facilities., March 2023: LG Energy Solution announced an investment of around KRW 7.2 trillion (USD 5.5 billion) in building a battery manufacturing hub in Queen Creek, Arizona. This hub will include two facilities: one for making cylindrical batteries for electric vehicles (EVs) and another for producing lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS)., October 2022: Emerson announced the evolution of Plantweb, a digital ecosystem incorporating the AspenTech portfolio of asset optimization software powered by industrial artificial intelligence, creating the industry's most comprehensive digital transformation portfolio. Moreover, its Plantweb digital ecosystem, optimized by AspenTech, enables industrial manufacturers across all sectors to "See, Decide, Act, and Optimize" their operations.. Key drivers for this market are: Increasing Demand for Automation to Achieve Efficiency and Quality, Need for Compliance and Government Support for Digitization; Proliferation of Internet of Things. Potential restraints include: Concerns Regarding Data Security, High Initial Installation Costs and Lack of Skilled Workforce Preventing Enterprises from Full-scale Adoption. Notable trends are: Robotics is Expected to Witness Significant Growth.

Key information about Brazil Industrial Production Index Growth

• Brazil Industrial production fell 0.2 % YoY in Sep 2025, following an increase of 1.2 % YoY in the previous month.
• Brazil Industrial production index growth rate YoY data is updated monthly, available from Jan 1986 to Sep 2025, with an average rate of 19,931.6 %.
• The data reached an all-time high of 53,223.5 % in Dec 2022 and a record low of 7,735.6 % in Dec 1997.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The Brazilian Institute of Geography and Statistics provides Industrial Production Index with base 2022=100. Industrial Production Index Growth prior to January 2003 is calculated from Industrial Production Index with base 2002=100 and prior to January 1992 from Industrial Production Index with base 1991=100.

In July 2025, industrial production in Italy overall increased by 0.9 percent compared to July 2024. Electricity and gas supply recorded a decline of more than nine percent. On the contrary, coke and petroleum products registered the highest growth rate. Impact on consumption and production The spring of 2020 recorded a very sharp decrease in industrial production and consumption. In terms of industrial production, some of the most impacted sectors by the coronavirus were the manufacture of textiles, apparel, leather, and accessories, as well as the manufacture of transport equipment. Similarly, consumption volume increased in March 2021 compared to one year ago. During the pandemic, the sectors of air transportation and leisure activities saw some of the largest drops in consumption. Recovery after COVID-19 Italy's economy has been strongly hit by the coronavirus pandemic, with Italy's GDP dropping consistently in 2020. Additionally, Italian exports are estimated to have decreased by over 15 percent. However, 2021 seems to be a year of recovery. The GDP is estimated to grow from three to four percent. The exports and imports are going to increase as well. Nevertheless, the next two years might experience an increase in unemployment rate, particularly during 2021.

Key information about Japan Industrial Production Index Growth

• Japan Industrial production rose 1.6 % YoY in Oct 2025, following an increase of 2.0 % YoY in the previous month.
• Japan Industrial production index growth rate YoY data is updated monthly, available from Jan 1954 to Oct 2025, with an average rate of 4.0 %.
• The data reached an all-time high of 30.2 % in Feb 1960 and a record low of -34.7 % in Feb 2009.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The Ministry of Economy, Trade and Industry provides Industrial Production Index with base 2020=100. Industrial Production Index covers Manufacturing and Mining sectors only. Industrial Production Index Growth prior to January 1979 is calculated from Industrial Production Index with base 2010=100 sourced from the International Monetary Fund.

Industrial Distribution Market is Segmented by Product (Electrical Supplies, Fasteners, HVAC Equipment, and More), Distribution Channel (Offline (Branch / Inside Sales), and More), End-User Industry (Manufacturing, Construction and Infrastructure, and More), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

The annual growth rate for industrial production in India recovered and registered a growth rate of over *** percent in the financial year 2024. The IIP growth rate is expected to decrease to *** percent in 2025.

Key information about Bangladesh Industrial Production Index Growth

• Bangladesh Industrial production rose 3.9 % YoY in Sep 2025, following an increase of 3.8 % YoY in the previous month.
• Bangladesh Industrial production index growth rate YoY data is updated monthly, available from Jul 1974 to Sep 2025, with an average rate of 17.8 %.
• The data reached an all-time high of 82.3 % in Apr 2021 and a record low of -37.8 % in Jan 1979.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The Bangladesh Bureau of Statistics provides Industrial Production Index with base 2015-2016=100. Industrial Production Index covers State Owned Manufacturing Enterprises and major Manufacturing Enterprises in Private sector only. Industrial Production Index Growth prior June 2022 is calculated from Industrial Production Index: Manufacturing with base 2005-2006=100. Industrial Production Index Growth prior to February 2013 is calculated from Industrial Production Index with base 2010=100 sourced from the International Monetary Fund.

Industrial Production in Sweden increased 13.50 percent in September of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Sweden Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

View monthly updates and historical trends for US Industrial Production Index. from United States. Source: Federal Reserve. Track economic data with YChar…

Key information about Russia Industrial Production Index Growth

• Russia Industrial production rose 3.1 % YoY in Oct 2025, following an increase of 0.3 % YoY in the previous month.
• Russia Industrial production index growth rate YoY data is updated monthly, available from Jan 2014 to Oct 2025, with an average rate of 1.5 %.
• The data reached an all-time high of 12.9 % in May 2021 and a record low of -7.7 % in May 2020.

CEIC calculates monthly Industrial Production Index Growth from monthly Industrial Production Index. Federal State Statistics Service provides Industrial Production Index with base Same Month Previous Year=100 based on OKPD2/OKVED2 with benchmark year 2018. Industrial Production Index Growth prior to January 2015 is calculated from Industrial Production Index with benchmark year 2010.

In 2024, the volume of industrial production in Estonia shrank by 4.1 percent compared to the previous year. The previous year recorded the most significant decline in production output over the observed period. The highest growth rate was recorded in 2021 at 12.8 percent relative to 2020.

The Industrial Display Market Report is Segmented by Type (Rugged Displays, Open Frame Monitors, and More), Application (Human-Machine Interface, Remote Asset and Pipeline Monitoring, and More), Technology (LCD, LED Backlit LCD, and More), Panel Size (Up To 14 Inch, 14 Inch - 21 Inch, and More), End-Use Industry (Manufacturing, Energy and Power, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global industrial software market size will be USD 22624.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 17.50% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 8371.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 6561.19 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 5429.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.5% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 859.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2025 to 2033.
Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 904.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.8% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 497.75 million in 2025 It will grow at a compound annual growth rate (CAGR) of 17.2% from 2025 to 2033.
Al in manufacturing is the fastest growing segment of the industrial software market industry

Market Dynamics of Industrial Software Market

Key Drivers for Industrial Software Market

Rise of Industry 4.0 and Smart Manufacturing To Boost Market Growth

The advent of Industry 4.0 is revolutionizing how industries operate by integrating advanced technologies such as IoT, AI, machine learning, robotics, and cloud computing. As manufacturers increasingly digitize their operations, the demand for industrial software—such as Manufacturing Execution Systems (MES), SCADA, and Product Lifecycle Management (PLM)—is accelerating. These solutions enable real-time monitoring, predictive maintenance, and automated decision-making, which significantly enhance productivity and reduce downtime. Industrial software also supports integration across the value chain, from design and engineering to production and supply chain management. Governments and private players alike are investing heavily in smart factory initiatives, further boosting software adoption. Additionally, software-based automation helps address labour shortages and skill gaps by reducing reliance on manual processes. The push for operational agility, product customization, and cost efficiency continues to drive the shift toward intelligent software systems across all sectors. In November 2024, China surpassed Germany in industrial robot usage, now ranking third globally with 470 robots per 10,000 workers, reflecting its significant investment in automation to enhance manufacturing capabilities.

https://www.reuters.com/technology/china-overtakes-germany-industrial-use-robots-says-report-2024-11-20/”/

Growing Demand for Predictive Maintenance and Real-Time Monitoring To Boost Market Growth

Industrial operations are increasingly turning to predictive maintenance and real-time asset monitoring to maximize uptime and reduce maintenance costs. Traditional reactive or time-based maintenance approaches often lead to unplanned downtimes and increased operational risks. In contrast, industrial software integrated with IoT sensors and analytics platforms enables early detection of anomalies in equipment performance. This allows operators to schedule maintenance only when necessary, extending asset life and avoiding costly disruptions. Real-time dashboards, alert systems, and AI-powered insights provide a holistic view of plant performance, facilitating data-driven decision-making. Industries such as oil & gas, manufacturing, power generation, and logistics are among the top adopters of such technologies. The economic benefit of avoiding system failures—combined with better regulatory compliance and safety assurance—is making predictive software tools a critical component in modern industrial strategy. As a result, companies are investing in platforms that offer condition monitoring, digital twins, and remote diagnostics.

Restraint Factor for the Industrial Software Market

High Implementation and Integration Costs, Will Limit Market Growth

One of the primary restr...

Industrial Production in Taiwan increased 14.50 percent in October of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Taiwan Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Industry 4. 0 Market Segmented by Technology Type (Industrial Robotics, Iiot, AI and ML and More), Component (Hardware, Software / Platforms, Services (Integration, Consulting, Support), Deployment Model (On-Premises, Cloud and More) End-User Industry (Manufacturing, Automotive, Oil and Gas, and More), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.

The Digital Transformation in Manufacturing Market Report is Segmented by Technology (Industrial IoT Platforms, Robotics and Automation, and More), Deployment Mode (On-Premises, Cloud, and More), Enterprise Size (Large Enterprises, and Small and Medium-Sized Enterprises), End-User Industry (Automotive, Aerospace and Defense, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Europe Industrial Automation Software Market report segments the industry into Type Of Software (Manufacturing Execution Systems (MES), Asset Performance Management (APM), Advanced Process Control (APC), Product Lifecycle Management (PLM), and more), End-User Industry (Oil And Gas, Chemical And Petrochemical, Power, Water And Wastewater, and more), and Country (Germany, France, United Kingdom, and more).

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Industrial Services Market Size 2025-2029

The industrial services market size is forecast to increase by USD 22.68 billion, at a CAGR of 7.3% between 2024 and 2029.

The market is experiencing significant shifts driven by the increasing emphasis on predictive maintenance and the growing demand for end-to-end quality and process control. These trends reflect the industry's ongoing transformation towards more efficient, data-driven operations. However, companies face challenges in implementing these strategies due to the lack of technical expertise within their workforce. This skills gap poses a significant obstacle to effective implementation and may hinder market growth. Cloud computing facilitates real-time data collection and analysis, allowing for quicker responses to potential issues.
To capitalize on the opportunities presented by predictive maintenance and quality control, industrial services providers must invest in upskilling their workforce or partnering with specialized technology companies. By addressing these challenges and embracing technological advancements, companies can differentiate themselves in a competitive market and deliver superior value to their clients. For instance, a leading manufacturing company reported a 15% reduction in maintenance costs by implementing a predictive maintenance system and integrating smart sensor technologies into their operations.

What will be the Size of the Industrial Services Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the adoption of advanced technologies and strategies to optimize operations and enhance efficiency across various sectors. Preventative maintenance strategies, fueled by predictive modeling techniques and machine learning models, are increasingly prioritized to minimize downtime and extend equipment lifecycle. Advanced analytics techniques, such as time-series forecasting models and performance monitoring tools, provide valuable insights into industrial processes, enabling process optimization and energy efficiency audits. Cloud-based service platforms offer remote diagnostics capabilities, safety compliance audits, and field service management, ensuring industrial automation solutions operate at optimal levels.

Industrial IoT platforms facilitate remote asset monitoring and robotics integration services, enabling AI-driven maintenance and operational efficiency metrics to be tracked in real-time. Risk management protocols, including predictive maintenance systems and automated inspection systems, minimize potential hazards and ensure regulatory compliance. According to recent industry reports, the market is expected to grow by over 5% annually, driven by the increasing demand for operational excellence and digital transformation in manufacturing and energy sectors. Inventory management systems, integrated with digital twin technology and real-time equipment tracking, enable just-in-time supply chain optimization.

How is this Industrial Services Industry segmented?

The industrial services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Oil and gas
  Chemicals
  Aerospace
  Automotive
  Others


Type

  Engineering and consulting
  Installation and commissioning
  Operational improvement and maintenance


Application

  Distributed control system
  Programmable controller logic
  Supervisory control and data acquisition
  Electric motors and drives
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The Oil and gas segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing adoption of preventative maintenance strategies and advanced analytics techniques. Cloud-based service platforms and digital twin technology enable real-time equipment tracking and predictive maintenance systems, reducing downtime and optimizing operational efficiency. Inventory management systems and machine learning models facilitate just-in-time supply chain optimization and energy efficiency audits. Safety compliance audits and risk management protocols ensure regulatory adherence and minimize potential hazards. Industrial automation solutions, including robotics integration services and automated inspection systems, streamline processes and enhance productivity.

Asset performance management and process optimization techniques optimiz

The Index of Industrial Production across all Indian industries in the financial year of 2024 was recorded at around ***. This indicated a growth in industrial production and growth across all sectors by around *** percent from the previous year.