Blockchain Press Releases
USD 10.1 billion Growth in Human Machine Interface (HMI) Market Size – Industry Analysis, Market Trends, Market Growth, Opportunities
NEW YORK, July 13, 2023 /PRNewswire/ — As per Facts and Factors study, the global Human Machine Interface (HMI) market size was valued at USD 5.7 billion in 2022 and is expected to reach a value of USD 10.1 billion by 2030, registering a CAGR of 10.4% during the forecast period (2023- 2030). The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market. The human machine interface (HMI) market report covers the geographical market along with a comprehensive competitive landscape analysis.
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Human Machine Interface (HMI) Market: Overview
Human Machine Interface (HMI) is a user interface connecting human resources with machines or any system. It offers a plethora of benefits such as flexible operations, enhanced productivity, and high employee satisfaction. HMI technologies help in tracking production processes in various industries and help in increasing output.
Moreover, engineers make use of human—machine interfaces for effectively monitoring and controlling algorithms, sending commands, and setting up parameters in the controller. For the record, the human—machine interface also displays process status data and historical information.
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- Includes an Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
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Key Industry Insights & Findings of the Human Machine Interface (HMI) Market Reports:
- As per the analysis, the Human Machine Interface (HMI) market share is likely to grow above a CAGR of around 10.4% between 2023 and 2030.
- The Human Machine Interface (HMI) market size was worth around USD 5.7 billion in 2022 and is estimated to hit approximately USD 10.1 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The global human machine interface market is anticipated to record massive growth over the forecast period owing to surging demand for monitoring manufacturing units in a slew of sectors such as oil & gas, mining, and automotive.
- Based on the product, the software segment is predicted to contribute majorly towards the global market share over the forecast timeline.
- In terms of configuration, the embedded HMI segment is projected to record the highest CAGR over 2023-2030.
- Based on end-use industry, the automotive segment is slated to dominate the segmental surge over the forecast period.
- Region-wise, the Asia-Pacific human machine interface (HMI) market is projected to register the highest CAGR during the assessment period.
Facts and Factors published the latest report titled “Human Machine Interface (HMI) Market Size, Share, Growth Analysis Report By Product (Hardware and Software), By Configuration (Embedded HMI and Standalone HMI), By End-Use Industry (Oil & Gas, Automotive, Packaging, Pharmaceuticals, Food & Beverages, and Utility), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” into their research database.
Market Dynamics:
Human Machine Interface (HMI) Market: Growth Drivers & Restraints
The growing use of human—machine interfaces in vehicle dashboards, equipment monitoring, electronic displays, and audio & video production will steer the growth of the global human machine interface (HMI) market. Escalating demand for human-machine interfaces in SCADA will prompt global market trends.
In addition to this, the human-machine interface is used for visualizing data display, input & output monitoring of equipment, and tracking of production time as well as machine performance. All these aforementioned factors will boost the expansion of the global market.
Furthermore, large-scale use of the human-machine interface in oil & gas, transport, power & energy, water & wastewater management, and manufacturing & recycling activities will proliferate the expansion of the market across the globe.
Nevertheless, a prominent rise in the cost of deploying human machine interface systems can restrict the expansion of the human machine interface industry globally. However, the rise in the use of augmented reality & virtual reality techniques will open new growth opportunities for the industry across the globe. This, in turn, will offset the negative impact of hindrances on the global industry elevation.
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Global Human Machine Interface (HMI) Market: Segmentation Overview
The global human machine interface market is divided into product, configuration, end-use industry, and region.
The product segment of the human machine interface (HMI) market is sub-segmented into hardware and software segments. Furthermore, the software segment, which garnered a major share of the global market in 2022, is anticipated to establish its leading position in the upcoming years. The segmental growth over 2023-2030 can be owing to the growing demand for HMI software in improving the proficiency of manufacturing processes.
In May 2023, Rockwell Automation, Inc., a key U.S.-based firm providing industrial automation and online transformation tools, introduced a new FactoryTalk® Optix™, an open, flexible, and scalable HMI software tool. Furthermore, this new HMI software tool will help end-users in designing, testing, and deploying applications directly from a browser from any location at any time.
In addition to this, in August 2022, AVEVA, an information technology firm, introduced new operations control software, a major coordinated launch of the HMI software product line. The launching of new software is likely to boost the efficiency of its workforce.
In terms of configuration, the human machine interface (HMI) industry across the globe is segmented into embedded HMI and standalone HMI segments. Moreover, the embedded HMI segment, which dominated the segmental growth in 2022, is anticipated to record the fastest CAGR in the forthcoming years.
The segmental growth over the forecast timeline can be owing to a spectrum of benefits offered by embedded HMI such as a user-friendly environment for end-users. In addition to this, escalating demand for integrated services will prop up segmental growth.
On the basis of the end-use industry, the human—machine interface market globally is bifurcated into oil & gas, automotive, packaging, pharmaceuticals, food & beverages, and utility segments. Moreover, the automotive segment, which accounted for about half of the global market share in 2022, is predicted to establish its leadership position in the upcoming years. The segmental surge can be subject to humungous demand for vehicles in developing economies and innovations witnessed in the automotive sector.
For the record, in the last quarter of 2022, Grupo Antolin, an automotive firm supplying tech solutions for car interiors, launched a new upper trim concept characterized by human design for overhead tools. The move will increase the use of human-machine interfaces in the automotive industry.
Recent Developments:
- In the second half of 2019, ABB Limited, a Switzerland-based company, launched a new type of human machine interface software integrated with a new visual control graphic interface. The move is predicted to boost the expansion of the human machine interface (HMI) market in the years ahead.
- In the third quarter of 2019, Blackberry Limited, a software firm, and DENSO Corporation, a key automotive part manufacturer based in Japan, joined hands with SUBARU for launching integrated human machine interface digital cockpit tool and Blackberry QNX systems that enable control of human-machine interface tool in vehicles. The strategic move will embellish the growth of the global industry.
- In the first half of 2019, Siemens, the largest industrial manufacturing firm, introduced a new version of human-machine interface software. The initiative will embellish the business landscape.
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Competitive Players
The report contains qualitative and quantitative research on the global Human Machine Interface (HMI) Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global Human Machine Interface (HMI) market include;
- Rockwell Automation Inc.
- General Electric Company
- Yokogawa Electric Corporation
- ABB Limited
- Mitsubishi Electric Corporation
- Siemens AG
- Schneider Electric SE
- Jabil Inc.
- Beckhoff Automation
- Honeywell International Inc.
- Omron Corporation
- Emerson Electric Co.
- Advantech Co. Ltd.
- Exor International
- Eaton Corporation
Key questions answered in this report:
- What is the growth rate forecast and market size for Human Machine Interface (HMI) Market?
- What are the key driving factors propelling the Human Machine Interface (HMI) Market forward?
- What are the most important companies in the Human Machine Interface (HMI) Market Industry?
- What segments does the Human Machine Interface (HMI) Market cover?
- How can I receive a free copy of the Human Machine Interface (HMI) Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Report Details |
|
Market Size in 2022 |
USD 5.7 Billion |
|
Market Forecast in 2030 |
USD 10.1 Billion |
|
Growth Rate |
CAGR of 10.4% |
|
Base Year |
2022 |
|
Forecast Years |
2023- 2030 |
|
Key Companies Covered |
Rockwell Automation Inc., General Electric Company, Yokogawa Electric Corporation, ABB Limited, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric SE, Jabil Inc., Beckhoff Automation, Honeywell International Inc., Omron Corporation, Emerson Electric Co., Advantech Co. Ltd., Exor International, Eaton Corporation., and others. |
|
Segments Covered |
By Product, Configuration, End-Use Industry and Region |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
|
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
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Regional Overview:
Region-wise, the North American human machine interface (HMI) industry, which contributed nearly half of the global industry share in 2022, is slated to witness a noteworthy expansion during the anticipated timeframe.
The factors that are anticipated to spearhead the expansion of the regional market include an increase in the presence of a large number of service providers in Canada and the U.S. In addition to this, the growing use of new technologies in the region will prompt regional market expansion. An increase in the demand for HMI in a plethora of industries in Canada and the U.S. will drive regional business trends.
Global Human Machine Interface (HMI) Market is segmented as follows:
By Product
- Hardware
- Software
By Configuration
- Embedded HMI
- Standalone HMI
By End-Use Industry
- Oil & Gas
- Automotive
- Packaging
- Pharmaceuticals
- Food & Beverages
- Utility
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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- Consensus 2026 marks a significant milestone with its return to Hong Kong and debut in Miami, expanding the reach of the world’s longest-running and most influential crypto conference.
- Following a sold-out debut in 2025, Consensus Hong Kong returns from February 10–12, 2026, convening global leaders to accelerate cross-border innovation and drive East-West collaboration while boosting the Hong Kong economy.
- Consensus Miami debuts May 5–7, 2026, at the iconic Miami Beach Convention Center bringing three days of high impact programming, top tier dealmaking and cultural convergence to North America’s crypto capital.
- Both events will feature Consensus’s signature top-flight programming curated by CoinDesk, as well as a dynamic show floor of industry leading sponsors alongside specialized experiential activations. Also returning is the world-renowned Consensus Hackathon and CoinDesk PitchFest competition, connecting attendees, developers and startups with the most influential voices in crypto, blockchain, Web3 and AI.
HONG KONG and MIAMI, May 14, 2025 /PRNewswire/ — CoinDesk, the most trusted media, events, indices, and data platform for the global crypto economy, today announced the next chapters for Consensus, the world’s longest-running and most influential crypto and blockchain gathering. Following its triumphant debut in 2025, Consensus will return to Hong Kong from February 10–12, 2026, and for the first time, Miami from May 5–7, 2026. This expansion marks a significant milestone for the conference as it continues to grow its global footprint.
Hong Kong: A proven hub for innovation
Building on the success of its sold-out inaugural event, which attracted nearly 10,000 attendees from over 100 countries and contributed an estimated HK$275 million to the local economy, Consensus Hong Kong 2026 is set to accelerate the dialogue between East and West and capture the next wave of innovation, adoption, and deal-making in crypto, AI, and blockchain.
The 2025 debut witnessed industry-altering announcements from regulators and financial institutions, featured 300+ high-caliber speakers from the Hong Kong government, global regulatory bodies, and industry leaders including Binance, Circle, Coinbase, and Google. The 2026 event will occupy the largest floor of the Hong Kong Convention and Exhibition Centre, delivering an expanded experience with signature programming, startup and developer competitions, and networking opportunities. Consensus also included marquee special events across iconic Hong Kong venues, and fostered 350+ side events during its debut year.
Michael Lau, Chairman of Consensus, expressed his enthusiasm, “The overwhelming success of Consensus Hong Kong 2025 was a testament to Hong Kong’s status as a leading global FinTech hub and its unique role as a gateway to Asia. This vibrant city, with its dynamic ecosystem and entrepreneurial spirit, has proven the demand for a world-class conference. We are excited to return with an even larger platform to host the most influential voices in blockchain, Web3, and AI, and to create unparalleled networking opportunities.”
Miami: A new frontier for Consensus
As Consensus expands its global reach, 2026 will not only mark a return to Hong Kong but also introduce Miami, Florida, as a new host city from May 5–7 at the Miami Beach Convention Center. Located in one of the world’s leading tech and crypto hubs, and a direct gateway to Latin America, positioning the event at the strategic crossroads of global capital, talent, and innovation. The Miami event is poised to facilitate consequential conversations and business opportunities while serving as a pivotal meeting point for innovators and leaders from around the world.
Brad Spies, Managing Director of Consensus, said, “Consensus has a long history of bringing together diverse groups from across crypto, finance, tech, policy, AI and culture to connect, do business, and showcase the future. Miami allows us to supercharge Consensus, and advance Web3 in one of the most fun and attractive cities on the planet.”
Both events will feature Consensus’s signature top-flight programming curated by CoinDesk, massive B2B and networking engines, and best in class events and production. There will be a special focus on continuing the success of its Hackathon and PitchFest, which draw the most promising tech talent and early-stage Web3 start-ups from around the world. Attendees can look forward to a series of dynamic discussions, iconic moments, and unforgettable experiences in two of the world’s most vibrant cities.
Tickets for Consensus Hong Kong 2026 and Consensus Miami 2026 are now available. Secure your spot today to be part of the world’s largest and longest-running crypto festival.
Media Contact:
[email protected]
About Consensus
Consensus by CoinDesk is the world’s longest running and most influential gathering for the crypto, blockchain, and AI industries. Bringing together industry leaders, policymakers, and innovators, it helps you understand the future of digital assets with discussions on key topics such as DeFi, Web3, AI, the evolving regulatory landscape and more.
With a mix of panels, keynotes, and networking opportunities, Consensus provides a platform to explore the latest trends shaping the digital economy. Whether you’re an industry veteran or just entering the space, this event offers valuable insights and connections in a rapidly evolving field.
About CoinDesk
CoinDesk is the most trusted media, events, indices, and data company for the global crypto economy. Since 2013, when the price of Bitcoin was $50, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it. Our award-winning team of journalists delivers news and unparalleled insights that bring transparency, comprehension, and context.
CoinDesk gathers the global crypto, blockchain, and Web3 communities at annual events such as Consensus, the world’s largest and longest-running crypto festival. CoinDesk Indices offers expertise in digital asset indices, data, and research to educate and empower investors. In November 2023, CoinDesk was acquired by Bullish Group. CoinDesk operates as an independent subsidiary and abides by a strict set of editorial policies. For more information on CoinDesk media and events, please visit CoinDesk.com.
Forward-Looking Statements
This press release may include “forward-looking statements” relating to future events or the Bullish Group’s future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
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DUBAI, UAE, May 14, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has recently released a weekly crypto derivatives analytics report in collaboration with Block Scholes, followed by an exclusive insights report with the spotlight on ETH’ great comeback.
With investors flocking to ETH following the Pectra upgrade, the research shed light on what every trader is asking: will the ETH rally last? Leading the race since May 7, ETH has been a tour de force with wild gains dwarfing that of BTC’s.
Key Highlights:
- It wasn’t just Pectra: The new insights report by Bybit, published on Tuesday, attributed ETH’s “landmark surge” to drivers beyond the Pectra upgrade. A deep dive into underlying factors that built momentum for ETH’s breakout moment. Macroeconomic developments including signs of relief in the tariffs debacles created conditions for the broader markets to recover, while over $500 million in ETH short liquidations had an immediate and positive effect on its price performance.
The report also mapped out a change in leadership direction and Vitalik Buterin’s new vision for Ethereum, which include a package of reforms to streamline processes and boost efficiency and flexibility. With transition plans for existing projects, the leadership set out to build a more durable and scalable Ethereum blockchain with up to 100x throughput.
- ETH Outperformed BTC: In last week’s Bybit and Block Scholes report, ETH’s new high of single-day gain since 2021 outshone the top rest of the top ten cryptocurrencies. With the spike in implied volatility for short term tenors and ETH’s inverted term structure, crypto’s No. 2 currency won over derivatives traders placed $60 million more in calls than puts for ETH on May 8, 2025, in contrast to BTC’s muted structure.
ETH stood out in the rally across almost all indicators, radiating positivity from funding rates to the close to 10% put/call skew towards calls in the first week of May, a world apart from its 20% skew on the puts side only a month ago.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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Blockchain Press Releases
Bybit Pay Goes Global: Seamless Crypto Payments Now Available in 15 Major Cryptocurrencies
DUBAI, UAE, May 13, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the next phase of crypto innovation with the global launch of Bybit Pay. The ground-breaking crypto payment solution which debuted in Brazil is now available for all eligible global users of Bybit.
Bybit Pay Global: Joining the Crypto Payment Revolution
Initially launched in January 2025, Bybit Pay debuted in Brazil and recently presented itself at Web Summit Rio, where thousands of attendees got their hands on the instant payment solution at the Bybit booth. Starting now, over 70 million Bybit international users may live up their crypto lifestyle on the go with Bybit Pay. The expansion is a step forward in financial inclusion for Bybit’s global community, removing the need for costly legacy intermediaries and physical cards—all one needs is a compatible mobile device.
In a few days since its global launch, Bybit Pay recorded over 40,000 transactions. The digital payment gateway enables users to make payments across a global network of merchants online and offline. It currently supports 15 mainstream cryptocurrencies including USDT, USDC, BTC, ETH, XRP, MNT, BNB, TON, and more.
Bybit Pay has also released new features, Send and Receive:
- Bybit Pay Send allows users to transfer digital assets to business or individual payees in an instant using just the recipient’s email addresses, phone numbers, or Bybit User IDs in-app and on the Bybit website.
- Bybit Pay Receive enables users to get paid with a unique personal QR code tailored for their personal preferences of desired amounts or currencies.
The Bybit Pay platform integrates wallet management functionalities for both fiat and crypto. Built with blockchain-backed security, Bybit Pay ensures tamper-proof transactions through on-chain encryption, optimizing security and user privacy.
Leveraging the instant finality of cryptocurrencies, Bybit Pay offers a seamless and secure on and off-ramp experience for senders and receivers of digital assets.
Bybit Send & Earn: 100,000 USDT in Prizes
From now until May 30, eligible users may register for Bybit Send & Earn to share in a total prize pool of 100,000 USDT.
“Bybit is proud to play a role in advancing payment innovation with the global launch of Bybit Pay. It provides our users with an ultra user-friendly solution for their daily crypto spending and transaction needs, while Bybit gets to serve the broader community and bring more payment freedom and convenience to the underbanked,” said Krista Chan, Head of Marketing, Payment Business Unit at Bybit.
Bybit Pay currently serves global users who have successfully completed Identity Verification on Bybit. Users from Service Restricted Countries or local Bybit entities are not currently supported. For the latest updates and detailed terms and conditions, users may refer to the Bybit Pay official page.
#Bybit #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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