Global HMI Software Market to Post 5.27% CAGR to 2021, States Infiniti Research in Its In-demand Study at MarketPublishers.com07 Jun 2017 • by Natalie Aster
LONDON – The world HMI software marketplace is set to grow at 5.27% CAGR through to 2021.
Technological advancements in the HMI software domain are amid the key factors igniting market growth. The surging requirement of enhancing process efficiency in manufacturing enterprises will likely be one of the primary drivers of the growth of this market. However, insufficient standardisation could act as one of the major challenges to the sector’s growth.
An upsurge in the use of cloud-based and wireless technology in manufacturing enterprises acts as one of the main trends boosting the HMI software market. Vendors have begun producing wireless enabled products compatible with HMI software as cloud based and wireless technologies deliver enhanced connectivity and enhanced efficiency of factories. The market has also observed the emergence of gesture-based HMI.
Segment-wise, proprietary software segment captured the lion’s market share and took the lead in the market as of 2016. Factors like the advantages available to buyers like software installation and updates, among other maintenance features fuel the growth of this industry segment in the years to come. In addition, the available configurability options and user-friendliness are also projected to propel the growth of this segment.
The competition amongst vendors is highly intense, with a host of players offering extremely customisable options. Schneider Electric, Rockwell Automation, Siemens and General Electric are among leading players globally.
Comprehensive research report “Global HMI Software Market 2017-2021” drawn up by Infiniti Research provides detailed, in-depth insights into the market on a global scale.
The study provides an evaluation of the market size and the growth rates to 2021; takes a look at the leading factors stimulating the growth of the worldwide HMI software market and reviews the challenges; canvasses key market trends shedding light on the growth of the worldwide HMI software marketplace. The report offers market segmentation based on product type, storage type and end-use sector, and also by geography. It proceeds with an all-round overview of the technologies. The report precisely estimates a sizing of the worldwide marketplace, and contains a five forces analysis. The research study examines the market on the basis of applications and battery types. The study explores the vendor landscape and canvasses the leading and other prominent players globally. Porter’s five forces analysis of the world HMI market is also included.
More comprehensive market research reports by our partner are available at its page.