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HMI Software Market - Growth, Trends, and Forecast (2020 - 2024) | Technavio

·5-min read

The HMI software market is expected to grow by USD 14.44 billion, progressing at a CAGR of over 12% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201123005944/en/

Technavio has announced its latest market research report titled Global HMI Software Market 2020-2024 (Graphic: Business Wire)

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The technological developments in HMI software is one of the major factors propelling market growth. However, factors such as shortage of skilled software testing professionals will hamper the market growth.

More details: https://www.technavio.com/report/HMI-software-market-industry-analysis

HMI Software Market: End-user Landscape

The major demand for HMI software is from the automotive industry, and the increasing investments and developments in this sector will create more demand for products. The increasing demand for electronics and growth in the aerospace industry will also have a positive impact on the HMI software category. Therefore, the HMI software market share growth by the discrete industries segment will be significant during the forecast period.

HMI Software Market: Geographic Landscape

North America was the largest HMI software market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the shift from traditional methods of power generation such as thermal, hydro, and coal and rising investments in alternative sources of energy, such as solar and wind power will significantly drive HMI software market growth in this region over the forecast period. 38% of the market’s growth will originate from North America during the forecast period. The US is a key market for HMI software in North America. Market growth in this region will be slower than the growth of the market in other regions.

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Companies Covered:

  • ABB Ltd.

  • Eaton Corp. Plc

  • General Electric Co.

  • Ing. Punzenberger COPA-DATA GmbH

  • National Instruments Corp.

  • Rockwell Automation Inc.

  • Schneider Electric SE

  • Siemens AG

  • Spectris Plc

  • Valeo SA

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • Process industries - Market size and forecast 2019-2024

  • Discrete industries - Market size and forecast 2019-2024

  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Machine-level - Market size and forecast 2019-2024

  • Supervisory - Market size and forecast 2019-2024

  • Market opportunity by Type

Market Segmentation by Deployment

  • Market segments

  • Comparison by Deployment

  • On-premise - Market size and forecast 2019-2024

  • Cloud-based - Market size and forecast 2019-2024

  • Market opportunity by Deployment

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • ABB Ltd.

  • Eaton Corp. Plc

  • General Electric Co.

  • Ing. Punzenberger COPA-DATA GmbH

  • National Instruments Corp.

  • Rockwell Automation Inc.

  • Schneider Electric SE

  • Siemens AG

  • Spectris Plc

  • Valeo SA

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201123005944/en/

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