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Industrial automation enhances the efficiency and quality of the product and maintains consistency throughout the micro and macro-level processes. It has become essential for companies to boost up their productivity through automation owing to the changing demands of the end-users. Innovation in IIoT puts forward immense benefits across various areas such as efficiency, new business models, risk management, and safety compliance. The process automation and instrumentation market was estimated to be worth USD 64.2 billion in 2020 and is projected to reach USD 92.4 billion by 2025, at a CAGR of 5.6%.

Growing adoption of digital technologies, competitiveness of the manufacturing segment, need for improved quality and reliability, and reduced production costs are some of the major drivers for the growth of the Indian industrial automation market. Additionally, government initiatives and policies such as ‘Make in India’ toward industrial automation adoption, burgeoning middle-class population, rising disposable incomes, and urbanization are also propelling the growth of this market. Moreover, the industry's rapid shift towards smart manufacturing creates immense opportunities for market growth.