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Industrial Automation in Life Sciences Market to Grow by USD 3.66 Billion (2025-2029), Boosted by Healthcare Demand, Report on AI-Driven Transformation – Technavio

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NEW YORK, Jan. 20, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global industrial automation in life sciences industry  size is estimated to grow by USD 3.66 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  8.7%  during the forecast period.  Growing global demand for healthcare services is driving market growth, with a trend towards growing adoption of open-process automation. However, infrastructural and integration issues associated with industrial automation poses a challenge. Key market players include ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Azbil Corp., Balluff GmbH, Danaher Corp., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, Festo SE and Co. KG, Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp..

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Deployment (Onsite and Decentralised), Product (DCS, SCADA, PLC, and MES), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Azbil Corp., Balluff GmbH, Danaher Corp., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, Festo SE and Co. KG, Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.

Key Market Trends Fueling Growth

In the life sciences industry, automation trends like IoT, AI, augmented reality, and Industry 4.0 are transforming the way businesses operate. Semiconductor chips power advanced technologies such as cyber-physical systems, cloud computing, and edge computing. SMEs in the industrial sector are embracing IIoT and wireless sensors for real-time monitoring and control. Control systems are being turbocharged with Programmable Logic Controllers (PLCs), servo, and motion control. Industrial web panels and monitors provide human-machine interfaces, while 5G wireless technology enables faster communication between machines and systems. Digital transformation includes virtual capabilities through software-as-a-service, cloud engineering, and virtual reality. Robots, photoelectric sensors, laser sensors, inductive sensors, AC motors, DC motors, and temperature sensors are essential components of automation in manufacturing, material handling, and networking architectures. Machine learning and advanced analytics are driving innovation in areas like healthcare and automotive. Digitalization is revolutionizing industries like aerospace, heavy engineering, and EV charger stations.

The Open Process Automation (OPA) forum’s vision is gaining momentum in the industrial automation sector, particularly in the life sciences industry. Key industry players are collaborating through this platform to address interoperability challenges. In 2021, ExxonMobil announced a partnership with Yokogawa Electric Corporation, an automation services company. ExxonMobil appointed Yokogawa as their OPA system integrator, responsible for establishing their OPA testbed. This collaboration enables ExxonMobil to evaluate industrial standards, including those used in the pharmaceutical sector, on an integrated testbed platform. 

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Market Challenges

In the Life Sciences Industry, IoT, AI, and Industry 4.0 technologies are transforming manufacturing processes. Small and Medium Enterprises (SMEs) face challenges integrating IoT sensors, such as temperature, humidity, and torque sensors, into their Industrial IoT (IIoT) systems. Cyber-physical systems, cloud computing, and edge computing are essential for real-time data processing. Challenges include implementing AI and machine learning algorithms, integrating human-machine interfaces, and ensuring cybersecurity. Programmable Logic Controllers (PLCs), servo systems, and motion control are crucial for automation, while robots and safety systems like light curtains enhance productivity. Industry 4.0 technologies like digital twins, virtual capabilities, and cloud engineering offer Software-as-a-Service (SaaS) solutions. Semiconductor chips, wireless sensors, and networking architectures enable connectivity, while 5G wireless technology and advanced analytics boost efficiency. The automation sector, including robotics, manufacturing, material handling, and networking architectures, benefits from digitalization and virtual reality. Sensors, AC and DC motors, and discrete automation are integral to process automation in sectors like healthcare, automotive, aerospace, and heavy engineering. The industrial sector’s digital transformation requires embracing Industry 4.0 technologies like IIoT, AI, and cloud computing platforms to remain competitive.In the life sciences industry, infrastructure and integration issues pose significant challenges to the growth of industrial automation. High-speed Internet is essential for effective implementation, particularly in cloud-based environments. Connectivity problems, power outages, and slow networks can lead to system downtimes, decreasing productivity. Developing countries and small to medium enterprises face these challenges, as well as healthcare or pharmaceutical companies dealing with heterogeneous systems and proprietary tools. Overcoming these obstacles is crucial for maximizing the benefits of industrial automation in the life sciences sector.

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Segment Overview

This industrial automation in life sciences industry report extensively covers market segmentation by

Deployment 1.1 Onsite1.2 DecentralisedProduct 2.1 DCS2.2 SCADA2.3 PLC2.4 MESGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Onsite-  The onsite segment of the industrial automation market in the life sciences industry holds the largest market share due to enhanced security features. Onsite deployment stores data on dedicated servers, providing better control and security compared to cloud-based models. Large life sciences organizations, handling critical research data, prefer onsite healthcare information software solutions for optimal data security with physical access controls and protocols. However, onsite deployment comes with significant capital investments. Enterprises must purchase software licenses, maintain IT staff, regularly upgrade software, and install data protection solutions. These expenses make onsite automation less favorable for small and medium-scale organizations. Consequently, the global industrial automation market in the life sciences industry is expected to witness growth due to the increasing adoption of cloud-based healthcare information software solutions.

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Research Analysis

In the life sciences industry, Industrial Automation plays a pivotal role in enhancing productivity, ensuring quality, and reducing costs. IoT and Industry 4.0 technologies, including AI, augmented reality, and cyber-physical systems, are revolutionizing the sector by enabling real-time data collection and analysis. Semiconductor chips and wireless sensors are integral to the IIoT infrastructure, allowing for remote monitoring and control. SMEs are also embracing automation through industrial I/O, motion control, and industrial web panels. Control systems, programmable logic controllers, and 5G wireless technology are driving advancements in robotics and material handling. Networking architectures are evolving to support these technologies, facilitating seamless communication between machines and systems. Turbocharging the sector further are cloud computing and industrial monitors, providing access to critical data and insights in real-time. Overall, automation technologies are transforming the life sciences industry, making it more efficient, agile, and competitive.

Market Research Overview

Industrial automation plays a pivotal role in the life sciences industry, driving innovation and efficiency in various manufacturing processes. IoT and Industry 4.0 technologies, such as AI, augmented reality, and cyber-physical systems, are revolutionizing the sector by enabling real-time data collection and analysis. Semiconductor chips power the digital transformation, while IIoT and wireless sensors facilitate remote monitoring and control. Industry 4.0 also includes motion control systems, industrial web panels, and industrial monitors for enhanced human-machine interaction. Programmable Logic Controllers (PLCs), servo systems, and robots are essential components of discrete and process automation. Advanced technologies like 5G wireless technology, digital twin, cloud engineering, Software-as-a-service (SaaS), virtual reality, edge computing, and machine learning are enhancing industrial capabilities. SMEs in the life sciences industry are also benefiting from these automation trends, with networking architectures, cloud platforms, and electronic devices enabling mobility and connectivity. The automation sector is also transforming industries like healthcare, automotive, aerospace, heavy engineering, and manufacturing verticals, with applications ranging from temperature and humidity sensors to EV charger stations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOnsiteDecentralisedProductDCSSCADAPLCMESGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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HUYA Inc. to Report Third Quarter 2026 Financial Results on Tuesday, November 17, 2026

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-Earnings Webinar Scheduled for 5:00 a.m. ET on November 17, 2026-

GUANGZHOU, China, Oct. 27, 2026 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game-related entertainment and services provider, today announced that it will report its third quarter 2026 unaudited financial results on Tuesday, November 17, 2026, before the open of U.S. markets.

The Company’s management will host a Tencent Meeting Webinar at 5:00 a.m. U.S. Eastern Time on November 17, 2026 (6:00 p.m. Beijing/Hong Kong time on November 17, 2026), to review and discuss the Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration

A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.

[1] For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People’s Republic of China, and Taiwan.

About HUYA Inc.

HUYA Inc. is a leading game-related entertainment and services provider. Huya delivers dynamic live streaming and video content and a rich array of services spanning games, e-sports, and other interactive entertainment genres to a large, highly engaged community of game enthusiasts. Huya has cultivated a robust entertainment ecosystem powered by AI and other advanced technologies, serving users and partners across the gaming universe, including game companies, e-sports tournament organizers, broadcasters and talent agencies. Leveraging this strong foundation, Huya has also expanded into innovative game-related services, such as game distribution, in-game item sales, advertising and more. Huya continues to extend its footprint in China and abroad, meeting the evolving needs of gamers, content creators, and industry partners worldwide.

For more information, please visit: https://ir.huya.com.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-757-6681-1975
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/huya-inc-to-report-third-quarter-2026-financial-results-on-tuesday-november-17-2026-302920241.html

SOURCE HUYA Inc.

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MEXC and Hacken Launch AI Trading Safety Handbook to Promote Safer AI Adoption

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MUTSAMUDU, Comoros, Oct. 27, 2026 /PRNewswire/ — MEXC, a pioneer in 0-fee digital asset trading, and blockchain security, compliance, and regulatory assurance partner Hacken, have released the MEXC × Hacken AI Trading Safety Handbook, providing practical guidance on how users and platforms can use and deploy AI-assisted and automated trading tools more safely, from research and decision support through trade execution.

The handbook follows the recent MEXC AI Trading Report, which found strong interest in AI alongside clear demand for greater control. In MEXC’s 2026 survey, willingness to use automated trading rose from 55% to 71.8% when limits on funds, positions, leverage and losses were introduced.

As AI takes a more active role in trading, the handbook emphasizes that safety cannot rely on the AI model alone. AI-facilitated actions should be checked against separate permissions, financial limits and risk controls before execution. It covers risks including credential exposure, excessive permissions, manipulated data and unintended execution, while outlining practical safeguards for both users and platforms.

For users, the handbook sets out five safety checks: Ask, Verify, Limit, Control and Review. For platforms, it outlines five principles: Guard, Limit, Approve, Controls and Test. Together, they provide a practical framework for expanding the use of AI while keeping appropriate controls in place.

“AI can make trading more accessible and efficient, but greater capability should come with stronger safeguards,” said Vugar Usi Zade, CEO of MEXC. “At MEXC, we want users to benefit from innovation, while taking a measured approach to AI adoption. Our People First principle means giving users access to new capabilities without losing sight of control, transparency and risk.”

“AI agents will soon place more orders than people do. Trust in them should be earned the way smart contracts earned it: through independent controls, continuous red-teaming and evidence anyone can verify,” said Dyma Budorin, CEO and co-founder of Hacken. “This handbook is intended to raise awareness of those risks and provide practical support for both users and platforms. As adoption grows, platforms will need to test these safeguards continuously and strengthen them as new risks emerge.”

MEXC and Hacken hope the handbook can serve as a practical reference for users and platforms as AI becomes more deeply integrated into trading, helping raise risk awareness and support safer, more responsible adoption across the industry.

About MEXC

Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.

With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.

MEXC Official Website| X | Telegram |How to Sign Up on MEXC

About Hacken

Hacken is a security and assurance partner for financial institutions and the infrastructure they rely on: exchanges, ecosystems, custodians, banks, asset managers, and tokenization platforms. Hacken’s AI security work includes AI agent security audits and red-teaming of AI systems.

Founded in 2017, Hacken has 60+ engineers and more than 1,500 clients across industries, including the European Commission, ADGM, Ethereum Foundation, Societe Generale-Forge, MetaMask, and Bybit.

Hacken website | X | LinkedIn

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SOURCE MEXC

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Renoworks Appoints SaaS Sales Executive Madan Murthy as Vice President of Sales

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Strategic appointment strengthens enterprise sales capabilities to accelerate growth and market adoption of renoworks.ai

CALGARY, AB, Oct. 27, 2026 /PRNewswire/ — Renoworks Software Inc. (TSXV: RW) (OTC: ROWKF) (“Renoworks” or the “Company”), an industry leader in AI-powered visualization, design and lead-generation technology for the building products industry, today announced the appointment of Madan Murthy as Vice President of Sales. The appointment supports initial positive feedback from existing clients of renoworks.ai, which now requires more sales resources to move faster.

Mr. Murthy brings more than 25 years of experience building and scaling business-to-business technology and Software-as-a-Service (SaaS) organizations, with a demonstrated track record of accelerating revenue growth, acquiring enterprise customers and developing high-performing sales organizations across international markets.

The appointment comes as Renoworks enters a new phase of growth following the launch of renoworks.ai, its next-generation AI-native platform combining photorealistic visualization, product intelligence, homeowner engagement, lead generation and data analytics. The Company believes this expanded offering creates significant opportunities to deepen relationships with existing customers and attract new manufacturers, distributors, retailers and contractors seeking to leverage AI to improve customer engagement and drive sales.

“The launch of renoworks.ai represents an important step forward in our growth strategy, and we believe the opportunity to expand our market presence has never been greater,” said Doug Vickerson, Chief Executive Officer of Renoworks. “Following recent introductions of these new capabilities to the building products industry, it is evident that it is now time to strengthen our enterprise sales organization. Madan brings extensive experience scaling SaaS businesses, winning major enterprise accounts and building repeatable sales processes. His proven ability to translate innovative technology into sustainable revenue growth makes him an excellent addition to our leadership team.”

Throughout his career, Mr. Murthy has contributed to significant revenue growth across multiple technology organizations. His accomplishments include helping scale a business from $50 million to $225 million in revenue while increasing new-customer opportunity-to-close rates from 8% to 35% and improving customer retention to 98%. He has also helped grow an early-stage software company’s SaaS business to $25 million in recurring revenue, secured Fortune 500 customers and built and led a 30-person international sales organization spanning North America, Europe and Asia-Pacific.

In his new role, Mr. Murthy will focus on expanding Renoworks’ enterprise customer base, developing new market opportunities and accelerating adoption of renoworks.ai. He will work closely with the Company’s existing business development, marketing and customer success teams to strengthen its sales pipeline, enhance go-to-market execution and support long-term recurring revenue growth.

“I am excited to join Renoworks at such an important stage in its evolution,” said Madan Murthy, Vice President of Sales. “The combination of Renoworks’ established relationships across the building products industry, deep product expertise and its new AI-native platform creates a compelling opportunity for growth. I look forward to working with the team to expand our enterprise presence, develop new customer relationships and help bring the benefits of renoworks.ai to a broader market.”

About Renoworks

Renoworks Software Inc. (TSXV: RW) (OTC: ROWKF) develops and markets AI-powered software solutions for the home remodeling and new home construction industries. The Company provides manufacturers, contractors, builders and retailers with innovative digital solutions that help homeowners visualize building products on their homes, make more informed purchasing decisions and connect with industry professionals.

Through its next-generation renoworks.ai platform, the Company is expanding beyond traditional visualization to deliver advanced AI-driven design capabilities, product intelligence, lead generation, data analytics and integrated sales workflows. These solutions help industry participants enhance customer engagement, streamline the remodeling process and increase sales opportunities.

Renoworks generates revenue through its primary business lines, including Renoworks Enterprise, Renoworks PRO, Renoworks Design Services and Renoworks API.

For more information, visit www.renoworks.com and www.renoworkspro.com.

Forward Looking Information

Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the Company to enhance operating results, expand adoption of its AI-powered platform and introduce new software capabilities, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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SOURCE RenoWorks Software Inc.

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