Demand for the products in the global HMI software market is on the rise owing to increasing adoption of industry 4.0 or industry automation. The research report provides insightful data related to the present conditions in the global HMI software market. It highlights various crucial factors and trends that may propel growth in the global HMI software market during the forecast period of 2021 to 2031. It also provides detailed information regarding various key segments in the global HMI software market along with their status, size, and share.
The business intelligence study shares valuable insights regarding the major drivers and trends fueling growth in the global HMI software market. It evaluates various situations and developments that may create lucrative growth opportunities in the global HMI software market. It also inspects certain factors that may restrict the growth in the global HMI software market over the forecast period of 2021 to 2031.
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Global HMI Software Market: Major Trends and Drivers
Surge in the adoption of industrial automation in manufacturing, rising demand for smart automation solutions, increasing need for effectively monitoring the manufacturing plants to ensure maximum efficiency, and rapid adoption and constant evolution of industrial internet of things or IIoT are some of the most notable factors for the expansion of the global HMI software market. Furthermore, rising demands from automotive as well as pharmaceutical industries are also expected to aid in the growth of the global HMI software market in coming years. Products in the HMI software market are used in various tasks in highly complex assembly lines in both of these industries.
Advancements in the pharmaceutical manufacturing industries, including production of biopharmaceuticals, advanced controlling and monitoring solutions that ensure safety, quality, as well as regulatory compliance standards are also creating new opportunities in the global HMI software market. Products in the HMI software include basic HMI, advanced panel based HMI, and advanced PC based HMI.
Global HMI Software Market: Key Players and Manufacturers
Some of the major players and vendors operating within the global HMI software market include ABB Ltd., Elektrobit Automotive GmbH, Ing. Punzenberger COPA DATA GmbH, Rockwell Automation Inc., Siemens AG, Eaton Corporation Plc., Inductive Automation LLC, National Instruments Corp., Schneider Electric SE, and Spectris Plc., among others. Players and vendors in the global HMI software market are engaging in various growth and development strategies in order to amass a leading share in the global HMI software market. For example, Rockwell Automation acquired ASEM, an expert in IPC and HMI market in February of 2020 in order to diversify their control and visualization portfolio. Mitsubishi introduced an HMI solution for extreme weather conditions and harsh environments in April of 2019. It features protection rating of IP66F/ IP67F.
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Global HMI Software Market: Regional Assessment
Major regions covered in the business intelligence study on the global HMI software market include Asia Pacific, North America, Middle East and Africa, South America, and Europe. Among these, the Asia Pacific region is expected to exhibit highest growth rate in the global HMI software market in coming years. This trend can be attributed to extensive research and development activities as well as fast paced advancements in the technological solutions offered by the players in the global HMI software market. With availability of skilled, yet relatively low cost labour, variety of industries are moving their manufacturing facilities in Asia Pacific. This trend is also bolstering the adoption of latest solutions from the global HMI software market in Asia Pacific.
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