The HMI software market share is expected to increase by USD 1.46 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 12.31%.
This HMI software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers HMI software market segmentation by type (machine-level and supervisory) and geography (North America, Europe, APAC, South America, and MEA). The HMI software market report also offers information on several market vendors, including ABB Ltd., Eaton Corporation Plc, Elektrobit Automotive GmbH, Inductive Automation LLC, Ing. Punzenberger COPA-DATA GmbH, National Instruments Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Spectris Plc among others.
What will the HMI Software Market Size be During the Forecast Period?
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HMI Software Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The demand for a combination of on-premise and cloud-based storage HMI is notably driving the HMI software market growth, although factors such as the decline in crude oil prices affect the demand for HMI software and may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the HMI software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key HMI Software Market Driver
The demand for a combination of on-premise and cloud-based storage HMIs is one of the key factors driving the growth of the global HMI software market. As of now, the major demand is for on-premise storage systems as most of the users are already having the required hardware components to support these systems. However, there is an increasing demand for cloud-based storage systems, as this helps in accessing the data from anywhere in the world. Most of the end-users are preferring a combination of these two types, which allows them to store critical information within systems and store other information on the cloud. Another reason for using a combination of these two storage types is the threat of cyber-attacks and data loss in systems. During the forecast period, more end-users are expected to install a combination of these two storage systems. Such factors will increase the market growth during the forecast period.
Key HMI Software Market Trend
The increased usage of wireless and cloud-based technology will fuel the global HMI software market growth. There has been an increase in the usage of wireless and cloud-based technology in manufacturing plants, which helps in better connectivity as well as improving the efficiency of plants. OEMs around the world have started to manufacture wireless-enabled products that are compatible with HMI systems. These support data transferring and data gathering, which would help end-users in making strategic decisions. Some of the HMI software works on cloud-based technology, which allows users to access data from anywhere. In addition, with the help of this functionality, changes can be made to the process and controls remotely. The ease of access and usability of these technologies are the reasons why users are implementing wireless and cloud-based technologies. Vendors are making changes to their HMI software to support these new technologies.
Key HMI Software Market Challenge
The decline in crude oil prices affects the demand for HMI software is a major challenge for the global HMI software market growth. The major demand for HMI is from the process industry, with the major end-user being the oil and gas sector. There is a global decline in crude oil prices, with most of the companies in this industry reducing oil production, apart from Iran and Saudi Arabia. This is done by these two countries to maintain the volume share in the world market. The major reason for the decline in crude oil prices was the decision taken by developed countries to increase the use of renewable resources and minimize pollution levels. The major demand for oil and gas is only from a few countries in APAC. However, there is a decline in the growth of the oil and gas industry, considering the global scenario. This has affected the demand for HMI software within this industrial sector.
This HMI software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global HMI software market as a part of the global systems software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the HMI software market during the forecast period.
Who are the Major HMI Software Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ABB Ltd.
- Eaton Corporation Plc
- Elektrobit Automotive GmbH
- Inductive Automation LLC
- Ing. Punzenberger COPA-DATA GmbH
- National Instruments Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Spectris Plc
This statistical study of the HMI software market encompasses successful business strategies deployed by the key vendors. The HMI software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- ABB Ltd. - The company offers HMI software that supports Windows 8.1 and Windows Server 2012 R2 which can be used in diverse industries, ranging from a single operator workstation, 50 signals and scale up to applications with several thousand signals and workplaces, under the brand name of 800xA DCS.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The HMI software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
HMI Software Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the HMI software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global IT software market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for HMI Software Market?
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37% of the market’s growth will originate from North America during the forecast period. The US is the key market for HMI software market in North America. Market growth in this region will be faster than the growth of the market in regions.
The demand for a combination of on-premise and cloud-based storage HMIs will facilitate the HMI software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The HMI software market in North America witnessed a temporary decline in 2020, owing to the outbreak of COVID-19. As of August 22, 2021, the US had 37.8 million cases of COVID-19, with 124,281 deaths. Many end-user sectors, especially commercial end-users, such as construction, automotive, and industrial, had partially shut down their operations owing to the pandemic. This led to an economic downturn and hindered trade in the region in 2020. However, in the last quarter of 2020, COVID-19 vaccines were launched in the US. The entire population in the region is expected to get vaccinated completely by the end of 2021. As the severity of the COVID-19 pandemic declines, economic activities are expected to regain momentum. This will spur the growth of the HMI software market in the region during the forecast period.
What are the Revenue-generating Type Segments in the HMI Software Market?
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The HMI software market share growth in the process industries segment will be significant during the forecast period. Investments in the oil and gas industry in APAC have created the demand for HMI systems. This is the main reason for the highest revenue share from the oil and gas segment. Energy and power industries use HMI systems to control the functions of turbine systems.
This report provides an accurate prediction of the contribution of all the segments to the growth of the HMI software market size and actionable market insights on post COVID-19 impact on each segment.
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HMI Software Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.31% |
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Market growth 2021-2025 |
$ 1.46 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.23 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, China, Japan, Germany, and Italy |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Eaton Corporation Plc, Elektrobit Automotive GmbH, Inductive Automation LLC, Ing. Punzenberger COPA-DATA GmbH, National Instruments Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Spectris Plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this HMI Software Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive HMI software market growth during the next five years
- Precise estimation of the HMI software market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the HMI software industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of HMI software market vendors
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