HMI Software Market Size was valued at USD 4.7 Billion in 2022. The HMI Software market is projected to grow from USD 5.1 Billion in 2023 to USD 8.6 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.8% during the forecast period (2023 - 2030). Increasing digital transformation initiatives by government, hyper automation deployment all over core industries and deployment of IIOT, and adoption of Industry 4.0 norms drives the market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Deployment of hyper automation and digital transformation across core industries supports market growth.
The deployment of hyper automation across core industries can increase the demand for HMI software. This is because hyper automation involves the integration of multiple technologies, including artificial intelligence, machine learning, robotic process automation, and other automation tools, to create a highly automated and interconnected system.
In such systems, the HMI software plays a crucial role in providing a user-friendly interface for humans to interact with and control the automated processes. As the complexity and scale of hyper automation deployments increase, the demand for advanced HMI software also increases to ensure efficient and effective control of the automated systems.
Furthermore, with the increasing adoption of Industry 4.0 and the Industrial Internet of Things (IIoT), the demand for HMI software is expected to continue growing as more and more industries look to streamline their operations through automation and digitalization.
Figure 1: Digital Transformation market growth
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Some of the references to increasing digital transformation can also be seen in the below examples:
Government of India initiatives towards self-manufacturing units in semiconductors and electronics, e-health, Digital payments (BHIM), e-education (SWAYAM), digital farming, AADHAAR (citizen identification program), direct benefit transfer (DBT), and digitization of cyber and overall law process structuring due to COVID where all records are saved now digitally are the driving factor of digital transformation in India.
Furthermore, the Singapore government is also taking digital transformation initiatives by creating platforms to access more than 3,000 government datasets to citizens and launching 110 interactive smartphone applications to create awareness of government plans and initiatives.
Government inclination towards creating new digitized policies and adopting technologies proliferate the demand for digital transformation, especially in developing nations, is one of the key factors expected to fuel the growth of digital transformation in the coming years.
This growth of digital transformation will enhance the pathway for HMI software through the forecast period.
Based on deployment type, the HMI Software market segmentation include On-Premises and Cloud. Cloud based deployment holds the largest market with a share of more than 59.5% in 2023. The market of HMI Software through cloud deployment was valued at USD 2.76 Billion in 2022 and is expected to grow at a CAGR of 8.01% through the forecast period. Cloud-based deployment allows for easy scalability, making it easier for organizations to adapt to changing demands. With cloud-based HMI software, organizations can easily add or remove resources as needed, depending on the demand. This type of deployment also reduces the costs associated with maintaining on-premises hardware and software infrastructure. Company must pay for what it uses, which can lead to significant cost savings in the long run. With cloud-based deployment, the HMI software is accessible from anywhere, anytime, with the introduction of faster network systems. This can be especially beneficial for organizations with employees located in different regions or countries. Overall, the demand for cloud-based HMI software deployment is expected to continue to increase as more organizations recognize the benefits of cloud-based deployment, including increased scalability, cost savings, and better accessibility.
Figure 2: HMI Software Market, by End-User Type, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
On-Premises deployment is mostly favored by large industries where the systems are distributed and highly complex. The trend for on-premises deployment of HMI software has been decreasing in recent years, as more companies are adopting cloud-based solutions. Cloud-based solutions offer greater scalability, flexibility, and cost-effectiveness than on-premises solutions. However, on-premises deployment of HMI software still has some advantages, especially for companies that require strict control over their data and systems. On-premises solutions can provide better control over security and compliance, as data is stored within the company's own infrastructure. They also allow for more customization and integration with other systems, which may be important for some companies.
March 2023: BEIJER GROUP's business entity Beijer Electronics agreed to acquire 100% of the German company Smart HMI GmbH, a company specializing in web technology-based visualization software. Smart HMI's software platform WebIQ is a future-oriented web-based visualization platform for creating industrial web HMIs and will reinforce Beijer Electronics' market position further.
March 2023: ADLINK Technology Inc., launched the PanKonix® Series HMI Panel PC, an industrial all-in-one panel PC that integrates control, gateway, and display functions. This product offers cost-effective, easy integration with high extendibility through its software-defined motion controllers, SuperCAT and iFace Designer®, enabling fast, reliable connections for mainstream PLC- and PC-based controllers, and I/O modules.
Based on configuration type, the HMI Software market segmentation include Stand-Alone HMI, and Embedded HMI. Embedded HMI holds the majority share of more than 70% in 2023. The growth of embedded HMIs is driven by advancements in technology, increasing demand for automation, cost-effectiveness, user-friendly interfaces, and increased connectivity. These factors are likely to continue to drive the growth of embedded HMIs in the future. As consumers become more accustomed to using touchscreens and mobile devices, there is an increasing demand for intuitive and easy-to-use interfaces in industrial settings. Embedded HMIs can provide a more user-friendly interface than traditional HMI systems, improving operator productivity and reducing training costs.
The need for automation has been increasing in various industries, such as manufacturing, healthcare, and transportation. Embedded HMIs are often used in these applications as they can provide real-time feedback and control, improve productivity, and reduce human error. Embedded HMIs can often be more cost-effective than traditional HMI systems, as they require less hardware and can be integrated into existing systems. Additionally, they often have lower maintenance and operating costs.
By region, this market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The Asia Pacific region dominates this market with a significant share of 34.9% in 2023 and is also estimated to witness commendable growth with a CAGR of 9.7% during the forecast period. China holds the largest market share in HMI Software market and is expected to dominate the market through the forecast period. China is making significant strides in integrating HMI software with the Industrial Internet of Things (IIoT) to enhance industrial automation. This integration aims to create a seamless connection between the physical and digital worlds, allowing for real-time data analysis and efficient decision-making. China is also exploring the integration of HMI software with artificial intelligence (AI) technologies to develop intelligent systems that can interact with humans more naturally. This integration aims to create a more intuitive user experience and enhance productivity. Small and medium-sized enterprises (SMEs) play a significant role in the Chinese economy. According to the Ministry of Industry and Information Technology of the People's Republic of China, SMEs accounted for more than 60% of China's GDP in 2022 and contributed to about 80% of employment in urban areas. Therefore, SMEs are the major target market of HMI software across China.
In Asia-Pacific, HMI market in India is expected to grow at the highest rate. The Indian government has implemented various policies and initiatives to support the growth and development of SMEs. These include setting up specialized institutions such as the National Small Industries Corporation and the Small Industries Development Bank of India to provide SMEs with financing, marketing, and other support services. The government has also launched schemes such as the Credit Guarantee Fund Trust for Micro and Small Enterprises to enhance access to credit for SMEs. This support from the government will increase network of manufacturing sector and is also becoming the potential market for HMI software.
Figure 3: HMI Software Market, by Region Type, 2022 & 2030 (USD Billion)
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Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
On the other side, North America holds the second position with a share of 33.0% in 2023. U.S. holds the largest market in North America with a share of more than 65% in 2023. HMI in the U.S. growth is supported by the integration of advanced technologies such as artificial intelligence (AI), machine learning, and the internet of things (IoT) with HMI. HMI systems in the U.S. are increasingly being designed to interact with intelligent machines and devices, enabling real-time monitoring, analysis, and control of industrial processes.
Major players in the HMI Software market, include Siemens AG, Schneider Electric SE, Rockwell Automation Inc, Honeywell International Inc, ABB Ltd, Mitsubishi Electric Corporation, General Electric Company, Emerson Electric Co, Yokogawa Electric Corporation, Bosch Rexroth AG, Omron Corporation, Parker Hannifin Corporation, Advantech Co, Delta Electronics, Inc and, Beijer Electronics AB.
The market's growth is predicted to be accelerated by the increasing deployment of digital transformation, as well as various strategic alliances and investments among regional businesses. Due to most of the HMI Software head offices are in U.S., the U.S. controls most of the market in this region and generates a sizeable portion of overall industry. Â
Schneider Electric SE
Rockwell Automation Inc
Honeywell International Inc
ABB Ltd
Mitsubishi Electric Corporation
General Electric Company
Emerson Electric Co
Yokogawa Electric Corporation
Bosch Rexroth AG
Omron Corporation
Parker Hannifin Corporation
Delta Electronics, Inc
Rockwell Automation, one of the biggest businesses in the world specialising in industrial automation and digital transformation, will introduce FactoryTalk Optix to the Asia Pacific area in 2023. A modern human-machine interface (HMI) platform, FactoryTalk Optix enables users to build, test, and deploy applications straight from a web browser from any location at any time. In order to realise their goals, it enables clients to benefit from new levels of cooperation, scalability, and interoperability.
The HARMAN Ready Upgrade is a set of fully upgradeable hardware and software products that enables OEMs to perform upgrades throughout the life of the vehicle and accelerate time to market, while enabling consumers to add and upgrade vehicle features as easily as they would with their smartphones. It will be available in 2023 from HARMAN, an automotive technology company and subsidiary of Samsung Electronics Co., Ltd. Three families of production-grade Cockpit Domain Controllers, cutting-edge software, a wide range of pre-integrated features, and an entire set of low-code software development tools are all included in Ready Upgrade, which significantly cuts down on the time it takes OEMs to market new features and their cost.
The high performance Easy Series PLC, the GL20 I/O modules, the AC703 IPC motion controllers, and the SV670 servo series will all be introduced to the European market in 2022, according to Inovance Technology Europe, the European division of the global industrial automation company Inovance with headquarters in Stuttgart. Additionally, the business reintroduced the MD800 tiny AC drive, which had never been displayed at the SPS exhibition previously, and provided a sneak peek at the SV680 servo drive.
June 2022: Bosch SDS and Rightware announced a partnership that will enable Automotive OEMs to rapidly design and realize next-generation user experiences. The partnership will combine HMI services using the Kanzi toolchain and Bosch HMI Center of Excellence’s engineering and delivery capabilities.
August 2021: - Hyundai Motor Group selected Qt Company of Finland as its key HMI technology partner for all Hyundai, Kia and Genesis brand vehicles.
On-Premises
Cloud-Based
Proprietary Software
Hardware Independent
Open-Source Software
STAND-ALONE HMI
Embedded HMI
BFSI
IT & Telecom
Government
Healthcare
Manufacturing
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 4.7 Billion |
| Market Size 2023 | USD 5.1 Billion |
| Market Size 2030 | USD 8.6 Billion |
| Compound Annual Growth Rate (CAGR) | 7.8% (2023-2030) |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019 to 2022 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Deployment, by Product, by Configuration, and Regional Type |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, Africa, and Brazil |
| Key Companies Profiled | Siemens AG, Schneider Electric SE, Rockwell Automation Inc, Honeywell International Inc, ABB Ltd, Mitsubishi Electric Corporation, General Electric Company, Emerson Electric Co, Yokogawa Electric Corporation, Bosch Rexroth AG, Omron Corporation, Parker Hannifin Corporation, Advantech Co, Delta Electronics, Inc and, Beijer Electronics AB |
| Key Market Opportunities | Increasing focus on individual customers across developing countries |
| Key Market Dynamics | Increasing digital transformation initiatives by government hyper automation deployment all over core industries and deployment of IIOT Adoption of Industry 4.0 norms |
Frequently Asked Questions (FAQ) :
The market for HMI Software was USD 4.7 Billion in 2022.
The analytics market is expected to be USD 8.6 Billion in 2030.
The growth rate for the HMI Software market is 7.8% through the forecast period.
North America region held the largest market share in 2022.
The major players are dominating the market are Siemens AG, Schneider Electric SE, Rockwell Automation Inc, Honeywell International Inc, ABB Ltd, Mitsubishi Electric Corporation, General Electric Company, Emerson Electric Co, Yokogawa Electric Corporation, Bosch Rexroth AG, Omron Corporation, Parker Hannifin Corporation, Advantech Co, Delta Electronics, Inc and, Beijer Electronics AB.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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