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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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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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain Press Releases
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.
The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.
Sustainable Innovation Summit: A Hackathon for Social Impact
Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.
Rising Stars
In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.
Winners for the 17 SDGs Challenge:
- 1st Place: Grand Social Impact Award 🥇 EthicHub
- 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
- 3rd Place: Emerging Impact Award 🥉 ResearchHub
Rising Star Awards (top 10 projects, in no specific order):
- Wavy Health
- LAKE (LAK3)
- KulaDAO
- erable°
- arkreen
- UCO Network
- Edu3Labs
Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good
Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.
Each category highlights individual efforts aligning with BGA’s mission.
The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:
- Harn, CEO of Trigger Asset Management
- Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting
The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:
- BreeAnne Yek, Consultant at The Verdant Room
- Milica Dimitrijevic from Positiveblockchain.io
These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.
In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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