Users facing market pressures and seeking to digitalize will increase investment in supervisory control and data acquisition/human machine interface (HMI) software by a 6.2% compound annual growth rate (CAGR) from $6.17 billion in 2023 to $11.3 billion in 2033, according to part of the recent “Industrial Automation Software” study by ABI Research.
“The top spending manufacturing markets for SCADA/HMI software are computer and electronic manufacturing, machinery manufacturing, and other transport manufacturing that includes aerospace, ship and railroad manufacturing,” says James Prestwood, industrial and manufacturing technologies research analyst at ABI.
The research firm adds the SCADA/HMI software market “isn’t incredibly expansive, with prominent vendors holding significant market share. While there are pure-play software vendors, they have less market impact than those in the MES market.” It adds the most significant market shares are held by Emerson, Siemens, and Mitsubishi Electric, with 17.3%, 12.1%, and 11.6%, respectively. Other notable players include Rockwell Automation, Schneider Electric and Honeywell
ABI adds modularity and integration are the two main design elements championed by SCADA/HMI suppliers. Software is designed with open standards that allow easy operability with each users’ production processes. “These vendors are designing their solutions to meet both modular and holistic frameworks, designing end-to-end portfolios that can be deployed holistically or used to fill gaps in existing systems,” adds Prestwood. “Siemens' Xcelerator, GE Digital’s Proficy and Mitsubishi Electronics’ Iconics suite are primary examples."
