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Human Machine Interface (HMI) Market Size Is Anticipated To Grow To $6.31 Billion By 2022: Grand View Research, Inc.

Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth.

The global Human Machine Interface (HMI) market is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property.

Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period.

Access full research report:
http://www.grandviewresearch.com/industry-analysis/human-machine-interface-market

High upfront capital and need for change in business process to integrate HMIs are key challenges anticipated to impact the industry. In addition, lack of skilled professionals and awareness on HMIs among management and lower level executives may also pose a challenge to market growth over the coming years.

Further key findings from the report suggest:

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http://www.grandviewresearch.com/industry-analysis/human-machine-interface-market/request

Image: http://www.grandviewresearch.com/static/img/research/human-machine-interface-market.png

Europe human machine interface market share by product, 2012 – 2022 (USD Million):

Grand View Research has segmented the global Human Machine Interface (HMI) market on the basis of product, application and region:

HMI Product Outlook (Revenue, USD Million, 2012 – 2022):


HMI Application Outlook (Revenue, USD Million, 2012 – 2022):


HMI Regional Outlook (Revenue, USD Million, 2012 – 2022):


Browse to access more reports of this category by Grand View Research:
http://www.grandviewresearch.com/industry/electronic-devices


About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information, visit: http://www.grandviewresearch.com/

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“Grand View Research, Inc. – Market Research And Consulting.”

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: sales@grandviewresearch.com
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/human-machine-interface-market

Source: ABNewswire

ReleaseID: 41816

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