Global Hardware Independent HMI Software Market, By Technology Type (Motion HMI, Bionic HMI, Tactile HMI, Acoustic HMI), Configuration (Embedded HMI, Stand-Alone HMI), End-User Industry (Process Industry, Discrete Industry), Sales Channel (Direct Sales Channel, Indirect Sales Channel), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Hardware Independent HMI Software Market
The hardware independent HMI software market is expected to witness market growth at a rate of 9.30% in the forecast period of 2021 to 2028 and is expected to reach USD 7.31 billion by 2028. Data Bridge Market Research report on hardware independent HMI software market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in adoption of industrial automation in the manufacturing sector is escalating the growth of hardware independent HMI software market.
Human-machine interface (HMI) software refers to programming software utilized by automation operators for managing machine command panels. A graphical user interface (GUI) is used for interaction which is known to facilitate information exchange and communication between two types of human-machine interfaces, namely supervisory and machine level. Touch-screen functionality is provided by numerous HMI software editors through a multitude of dimensions and colors. They offer control functions for industrial automation machines.
The enhanced communication between humans and machinery and the increase in the adoption rate of robotics in various industries act as the major factors driving the hardware independent HMI software market. The rise in embracing of digitization and the surge in the investment in digital transformation by hardware, software, semiconductors cloud services and platform providers among others accelerate the hardware independent HMI software market growth. The increase in need for improving operational efficiency and reducing downtime in manufacturing sector and the growing usage of industrial automation in numerous industries influence the hardware independent HMI software market. The high investment in renewable power projects, high demand for smart automation solutions, emergence of industry 4.0 and the evolution of IIoT also propels the hardware independent HMI software market. Additionally, complexity of information, cloud-based services and increased use of computers and digital machines positively affect the hardware independent HMI software market. Furthermore, introduction of a wearable human-machine interface and technological innovations extend profitable opportunities to the hardware independent HMI software market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the installation and complex graphics of HMI software are expected to obstruct the hardware independent HMI software market growth. Increasing concerns regarding the security risks related to cloud–HMI platform are projected to challenge the hardware independent HMI software market in the forecast period of 2021-2028.
This hardware independent HMI software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hardware independent HMI software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Hardware Independent HMI Software Market Scope and Market Size
The hardware independent HMI software market is segmented on the basis of technology type, configuration, end-user industry and sales channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology type, the hardware independent HMI software market is segmented into motion HMI, bionic HMI, tactile HMI and acoustic HMI.
- On the basis of configuration, the hardware independent HMI software market is segmented into embedded HMI and stand-alone HMI.
- On the basis of end-user industry, the hardware independent HMI software market is segmented into process industry and discrete industry. Process industry is further segmented into oil and gas, food and beverages, pharmaceuticals, chemicals, energy and power, metals and mining and others. Discrete industry is further segmented into automotive, aerospace and defense, packaging, semiconductor and electronics, medical devices and others.
- On the basis of sales channel, the hardware independent HMI software market is segmented into direct sales channel and indirect sales channel.
Global Hardware Independent HMI Software Market Country Level Analysis
The hardware independent HMI software market is analyzed and market size, volume information is provided by country, technology type, configuration, end-user industry and sales channel as referenced above.
The countries covered in the global hardware independent HMI software market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the hardware independent HMI software market due to the rising adoption of robots in industries and the need for improved communication in industrial processes in the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the technological advancements in HMI solutions, increasing number of research and development activities, availability of skilled and relatively cheap labor and adoption of automated technologies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hardware Independent HMI Software Market Share Analysis
The hardware independent HMI software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hardware independent HMI software market.
The major players covered in the hardware independent HMI software market report are ABB, Advantech Co., Ltd., Emerson Electric Co., General Electric, Honeywell International Inc., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens, Yokogawa India Ltd., Beckhoff, Beijer Electronics, Eaton, EXOR International, Kontron, OMRON Corporation, Red Lion, Robert Bosch GmbH, Texas Instruments Incorporated, Weintek Labs., Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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