Published on : Jun 09, 2017
Albany, New York, June 09, 2017: The comprehensive report on the global human machine interface (HMI) software market offers in-depth insights into the current market status, emerging growth avenues, notable trends and opportunities, market share and size of various segments, and competitive landscape. Recent technological advances in graphical user interfaces and operator control and monitoring systems are highlighted. Furthermore, the analysis evaluates the impact of major technologies on the offerings of key players.
The report takes a closer look at new installations, upgrades, and maintenance activities and assesses their impact on competitive dynamics in various regions. The major regional markets covered are Asia Pacific, the Americas, and the Europe, the Middle East, and Africa. The report covers the strategies adopted by key market players to consolidate their presence in major regions. The study zeroes in on key factors expected to boost the demand for HMI software among various end-use industries. The global human machine interface (HMI) software market is projected to expand at a CAGR of 5.27 % from 2017 to 2021.
The HMI market is primarily driven by the increasing need for reducing operational cost and augmenting process efficiencies. The constant advancement in the HMI software module and developments of supervisory control and data acquisition (SCADA) systems are expected to boost the HMI market. The growing popularity of touch-enabled HMI panels to be used in various gesture-based applications is expected to catalyze the HMI market.
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The growing adoption of real-time monitoring among various end-use industries is expected to propel the demand for HMI. Furthermore, the growing prominence of IoT in several industries is expected to create exciting opportunities in the HMI software market. The increasing adoption of cloud computing technology in automation has boosted the human machine interface software market. For instance, the functionality of data logging enabled by HMI software can be improved through cloud-based data storage systems.
The advent of communication protocols that enables end users to configure systems to meet their specific requirements are expected to open up lucrative growth avenues in the coming years. The growing prominence of smart manufacturing is a crucial factor creating new opportunities for players in the HMI market. With the adoption of HMI software, these manufacturing plants can monitor and control various crucial process parameters by collecting and analyzing real-time analytics. The continued use of automation to enhance the visibility of process flow in manufacturing processes and the rising application of HMI in the automotive industry are expected to open up lucrative growth avenues for vendors of HMI software.
Major players vying for a significant share in the human machine interface (HMI) software market include Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., and General Electric.
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