HMI Software Market- Roadmap for Recovery From COVID-19 | Technological Developments In HMI Software to Boost the Market Growth | Technavio
Technavio has been monitoring the HMI software market and it is poised to grow by $ 14.44 bn during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
What are the major trends in the market?
Increased usage of wireless and cloud-based technology is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.23% and the incremental growth of the market is anticipated to be $ 14.44 bn.
Who are the top players in the market?
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, and Valeo SA are some of the major market participants.
What is the key market driver?
The technological developments in HMI software is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 38% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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, and Valeo SA are some of the major market participants. The technological developments in HMI software will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The HMI software market report covers the following areas:
HMI software market Size
HMI software market Trends
HMI software market Industry Analysis
This study identifies increased usage of wireless and cloud-based technology as one of the prime reasons driving the HMI software market growth during the next few years.
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.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist HMI software market growth during the next five years
Estimation of the HMI software market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the HMI software market
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
Table of Contents:
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.
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