Human Machine Interface (HMI) Market worth $4,050.0 Million by 2017

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MarketsandMarkets Presents
Human Machine Interface (HMI) Market worth
4,050.0 Million by 2017

http//www.marketsandmarkets.com/Market-Reports/hu
man-machine-interface-technology-market-461.html 
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• According to a new market research report, Human
  Machine Interface (HMI) Market Global Forecast
  Analysis (2012 -2017), By Product Type (Display
  Terminals, Industrial PC, Interface Software,
  Other Controls), Application Geography, the
  total market is expected to reach 4050.00
  million by 2017, at a CAGR of 10.13 from 2012 to
  2017.
• Browse gtgt
• 136 market data tables
• 19 figures
• 269 pages and In-depth TOC on Human Machine
  Interface Market
• Early buyers will receive 10 customization of
  this report.
• http//www.marketsandmarkets.com/Market-Reports/en
  ergy-efficient-motor-163.html

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The HMI Market is expected to grow at a healthy
rate owing to increasing need for controls in the
automation industry. Revenues in Discrete
applications is growing at a faster rate compared
to process applications primarily due to growing
automotives, metals mining, and packaging
industry applications in APAC and ROW regions.
Interface software is growing at an impressive
rate as compared to display terminals and
industrial PCs. HMI market in the APAC region is
expected to grow at a higher CAGR in the next
five years owing to high investment in this
region by the automation providers. The report
segregates the overall market for Human Machine
Interface (HMI) systems into products,
applications, and geography. The products are
segmented into display terminals, industrial PCs,
and interface software. The report illustrates
revenue shares of different industrial
applications of HMI- discrete automotive, metal
mining, packaging, and aerospace defense and
process food beverage, healthcare, and oil
gas industries. The geography covers Americas,
Europe, APAC, and ROW. In this report, the market
size is forecasted using both bottoms-up and
top-down approaches. The report presents the
drivers, restraints and opportunities that shape
the present and future market of HMI.
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Due to growing technological needs, factory
automation is increasingly in use in all the
industries and hence the demand or need for HMI
is also increasing. HMI market for discrete
applications is growing at a higher rate as
compared to process applications owing to growth
of automotive, metal mining, packaging and
aviation industries. The other key factors
driving the HMI market include demand for
enhanced efficiency, high growth of software
services suitable for each applications and
increasing need for data security and reliable
hardware. The overall HMI market is estimated
to be worth 2.50 billion in 2012 and expected to
reach 4.05 billion in 2017 at a CAGR of 10.13
from 2012 to 2017. Currently Americas commands
the largest share in the global HMI market
followed by Europe and APAC. It is observed that
APAC is growing at a higher CAGR and is expected
to have the largest market share i.e. 28 of the
total HMI market by 2017. The higher CAGR of APAC
is primarily due to its fast growing economy and
increased significance for automation industries.
Human Machine Interface (HMI), as the name
describes, is an interface between operator and a
machine. The level of interaction with the
machines has increased exponentially.
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