HMI Software Industry, Business Trends, Sales Revenue, Emerging Technologies, Industry Segments and Competitive Landscape Demographic, Geographic Segment by 2027
HMI Software Industry Overview:
The Global HMI Software Industry is expected to grow at 9.1% CAGR with USD 4,043.4 Million in value by 2025 during the forecast period, 2019–2025. In this report, Market Research Future (MRFR) includes the segmentation and market dynamics to offer a better glimpse of the market in the coming years.
Improved communication and the growing adoption of robots in industries are some of the factors responsible for the growth of the market during the forecast period. However, the high cost of implementation is a major challenge for the global HMI software market. The global HMI software market is dominated by a few major players, however, new players are expected to enter the market due to new revenue opportunities in regions such as Asia-Pacific, the Middle East and Africa, and South America. The entry of new players is expected to increase the competition in the market.
The global HMI software market holds significant growth opportunities owing to the introduction of a wearable human-machine interface which is expected to be more interactive and intuitive. Also, the use of innovative technologies such as artificial vision enables HMI devices to automatically perform measure, control, and classification functions.]
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Competitive Analysis:
The Key Players in the Global HMI Software Market are General Electric, Rockwell Automation, Schneider Electric, Siemens, AdroIT Technologies, Beijer Electronics, Brainchild Electronic, B-Scada, COPA-DATA, Elipse Software, Inductive Automation, and National Instruments among others.
Segmental Analysis:
The Global HMI Software Market has been segmented based on deployment, product type, configuration type, type, technology, end-user, and region.
Based on deployment, the market has been segmented into on-premise and cloud-based. The cloud-based segment accounted for the larger market share of 62.67% in 2018, with a market value of USD 1,411.6 Million; it is expected to register the highest CAGR of 9.5% during the forecast period. The on-premise segment was valued at USD 840.7 Million; it is projected to exhibit a CAGR of 9.1%.
Based on product type the market has been segmented into proprietary software, hardware-independent, and open-source software. The proprietary software segment is expected to have the largest market share. The open-source software segment is expected to exhibit the highest CAGR during the forecast period.
Based on the configuration type, the market has been segmented into proprietary stand-alone HMI and embedded HMI. The embedded HMI segment accounted for the larger market share of 67.3% in 2018, with a market value of USD 1,516.3 million; it is expected to register a higher CAGR of 9.4% during the forecast period. The stand-alone HMI segment was valued at USD 736.0 million; it is projected to exhibit a CAGR of 8.5%.
Regional Analysis:
The regions included in the study are North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to maintain its dominance in the global HMI software market owing to the rapid advancements in digital technology and major investments in R&D for industrial automation, Industrial Internet of Things (IIoT) as well as cloud technology by the key players in the region.
Whereas, the Asia-Pacific market is expected to advance at a fast pace during the forecast period. The growth of the market in this region can be attributed to the increasing adoption of HMI systems by the manufacturing firms and “Internet Plus” initiatives by the governments that encourage all industry verticals to adopt internet technologies and make the business operations smart.
Table of Content
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Hmi Software Market, By Component
1.1.2 Global Hmi Software Market, By Product Type
1.1.3 Global Hmi Software Market, By Configuration Type
1.1.4 Global Hmi Software Market, By Type
1.1.5 Global Hmi Software Market, By Technology
1.1.6 Global Hmi Software Market, By End User
1.2 Global Hmi Software Market, By Region
2 Market Introduction
2.1 Definition
2.2 Scope of The Study
2.3 Research Objective
2.4 Market Structure
Continued…
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List of Tables
Table 1 Primary Interviews
Table 2 List of Assumptions
Table 3 Global Hmi Software Market, By Component, 2020–2027 (Usd Million)
Table 4 Global Hmi Software Market, By Product Type, 2020–2027 (Usd Million)
Table 5 Global Hmi Software Market, By Configuration Type, 2020–2027 (Usd Million)
Continued…
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