Global HMI Software Market 2017-2021
About HMI Software
HMI software is used to control the operation of a plant and this helps in improving the efficiency of the factory. This software aids in providing real-time data and data logging that are used in analytics to make strategic decisions.
Technavio’s analysts forecast the global HMI software market to grow at a CAGR of 5.27 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global HMI software market for 2017-2021. To calculate the market size, the report considers the new installations, upgrades, and maintenance.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global HMI Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global HMI software market: General Electric, Rockwell Automation, Schneider Electric and Siemens.
Other Prominent Vendors in the market are: ARC Informatique, AdroIT Technologies, Beijer Electronics, Brainchild Electronic, B-Scada, COPA-DATA, Elipse Software, Inductive Automation, National Instruments, Software Horizons, and Valin Thermal Solutions and Automation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is gesture-based HMI. There has been an increased usage of touch-enabled HMI panels. Vendors are developing gesture-based applications that could change the way these HMI solutions are used. Vendors are expecting this trend to pick up. This is expected to be the next phase of revolution in HMI software. Most of the vendors are developing the user interface to adapt to gesture-based solutions that will replace traditional HMI-based panels. With this innovation, end-user experience will improve, which will create the demand for HMI software during the forecast period.”
According to the report, one of the major drivers for this market is technological developments in HMI software. There are many developments and upgrading within the HMI software such as advancements in modules, which makes it easier for system integrated programming. Other developments include communication protocols that allow users to configure systems as per their requirements. This software helps in data logging and can be accessed with the help of cloud-based data storage or through serial ports. This software even allows users with read/write access. Due to the increase in usage of touch interface panels in HMI, there has been upgrading in the software, which provides better user interface for touch panels. These advancements and developments are creating the demand for HMI software.
Further, the report states that one of the major factors hindering the growth of this market is lack of standardization. Not all the HMI products sold by vendors will have third-party software support. For this support, end-users need to rely on one vendor. The switching cost is very high, which is a major problem faced by SMEs. HMIs are provided with interoperability functions that can only be utilized by big manufacturing plants as machineries are compatible with the new HMI software. However, for small SMEs, the machinery used will be old and might not be compatible with the new HMI software. This lack of standardization within HMI software is a challenge for SMEs.
General Electric, Rockwell Automation, Schneider Electric, Siemens, ARC Informatique, AdroIT Technologies, Beijer Electronics, Brainchild Electronic, B-Scada, COPA-DATA, Elipse Software, Inductive Automation, National Instruments, Software Horizons, and Valin Thermal Solutions and Automation.
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