Technology Industry
Industry: Email Alert RSS FeedHMI market grows; bundled solutilons beat independents.(Brief Article)
Control Engineering, June, 2001
Dedham, Mass.--The worldwide human-machine interface (HMI) software market will grow at a 9.9% compound annual growth rate CAGR from more than $461 million in 2000 to almost $741 million through 2005, according to a study by ARC Advisory Group. The to a "Human Machine Interface Software Worldwide Outlook, Market Analysis & Forecast Through 2005," was released May 8.
ARC reports that one-stop-shopping packages offered by PLC companies are hurting most independents. Users buy HMI as a bundled control system component, which includes the PLC. Added market dynamics are generated as OEMs find creating their own focused HMI is a cost-effective alternative by using Visual Basic with software component products.
The study also found that HMI software...
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