New York , Jan. 08, 2024 (GLOBE NEWSWIRE) — The global programmable logic controller market size is projected to expand at 5% CAGR between 2024 and 2036. The market is expected to garner a revenue of USD 18 billion by the end of 2036, up from a revenue of USD 12 billion in the year 2023. The growth of the market can be attributed to the growing integration of automation in several industries and companies. Workflow automation is required for boosting production according to 83% of IT leaders. Currently, 48% of organizations are implementing automation solutions to automate manual operations. Moreover, around 24% of businesses employ low-code process automation technologies, with 29% planning to do so shortly.

(GlobeNewsWire)