According to the research report titled ‘Human Machine Interface Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Offering; Configuration; End-user Industry’, available with Market Study Report, global human machine interface market attained a valuation of USD 4.18 billion in 2019 and is projected to reach USD 8.77 billion by the year 2027, registering a y-o-y growth rate of 9.9% throughout.
 

As per the report findings, growing adoption of industrial automation solutions across various industries, along with rising focus towards optimizing industrial machinery and efficient monitoring are the major growth drivers of global human machine interface market. Moreover, widespread incorporation of advanced Internet of Things (IoT) and machine learning-based technologies is positively impacting the industry expansion. On the contrary, high installation costs and lack of awareness in developing nations may obstruct the industry growth over the forecast timeline.
 

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Based on offering, human machine interface market is categorized into software, hardware, and services. The hardware segment is further split into PC-based, panel-based, and others. Whereas, on-premises and cloud fall under software segmentation.
 

In terms of configuration, global human machine interface market is divided as stand-alone and embedded, wherein the latter segment is likely to gain decent traction in the forthcoming year, as embedded interface assists in seamless management of complex industrial machinery.  
 

Elaborating on the application scope, global human machine interface market is fragmented into energy & power, healthcare & pharmaceuticals, general manufacturing, automotive, and others.
 

Considering the geographical landscape, worldwide human machine interface market is  partitioned into North America (US, Canada, and Mexico), Asia Pacific (India, Australia, China, Japan, South Korea, and Rest of Asia Pacific), Europe (Germany, UK, Italy, France, Russia, and Rest of Europe), and South America (Argentina, Brazil, and Rest of South America).
 

Key players operating in global human machine interface market are Advantech Co. Ltd., Mitsubishi Electric Corp., Kontron AG, Yokogawa Electric Corporation, Siemens AG, Schneider Electric SE, Rockwell Automation Inc., Honeywell International Inc., General Electric Company, and ABB Ltd.