ARC Sees Worldwide HMI Software and Related Services Market Reaching Over $559 Million by 2008.DEDHAM, Mass. -- The Human Machine Interface (HMI (Human Machine Interface) The user interface in a manufacturing or process control system. It provides a graphics-based visualization of an industrial control and monitoring system. ) Software market, which totaled nearly $439 million in 2003, will reach over $559 million in 2008, outperforming the industrial automation market and growing at a Compounded Annual Growth Rate (CAGR CAGR See: Compound Annual Growth Rate ) of 5.0 percent over the next five years, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new ARC Advisory Group study (www.arcweb.com/res/hmi). "HMI and related software has become a critical component in the infrastructure for successfully managing manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. ," according to ARC Research Director Craig Resnick (cresnick@arcweb.com), the principal author of ARC's 'HMI Software Worldwide Outlook Market Study'. "Ensuring connectivity across the manufacturing enterprise is a primary value proposition for manufacturers employing automated production systems. These manufacturers want to access and aggregate real-time production process information to drive factory visibility and intelligence. Enterprise connectivity translates into both manufacturing efficiency and a lower cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold ." Manufacturers Look for Data Collection and Integration Tools HMI and related control software applications remain an integral part of the Process, Hybrid, and Discrete industries for the access, presentation, and exchange of information for managing plant floor production processes. HMI Software systems available today represent to the manufacturing community the application of cutting edge technologies while maintaining the established functionality that each vertical industry has come to depend on. Due to the strategic role played by HMI Software, manufacturers are looking to HMI Software systems as the tool for plant-wide information collection and integration. HMI Software Plays Major Role in Plantwide Connectivity HMI software utilizing flexible, multi-functional, interoperable platforms that provide peer-to-peer interfaces with other platforms is driving factory visibility and intelligence as well as playing a major role in providing plantwide connectivity. That is why HMI Software is sometimes referred to as Visualization Software. HMI Software connectivity on the plant floor allows a view of devices and machinery. And, connectivity towards the enterprise allows HMI Software to view production management and manufacturing intelligence tiers. Those HMI software suppliers who offer applications that address these user requirements for exchange and distribution of factory floor information are postured to grow their business. HMI Software Market Grows in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Asia The North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. share of the HMI and related control software market grew, even though the region is outsourcing a portion of manufacturing to China and other developing countries. A number of factors played part in this growth, such as the competitive advantage of North American machinery because of the dollar devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. , the increased use of HMI Software in building automation, the greater use of automation in food & beverage and pharmaceutical industries for regulatory compliance, and the increased demand for storage and retrieval applications in material handling equipment for warehousing. Growing industrial regions such as China, Korea, and India continued to present some of the greatest industrial growth in the world. China, especially, is providing a very fertile business environment for industrial automation and related technologies for automation suppliers. The Japanese Yen “Yen” redirects here. For the other use, see Yen (disambiguation). “JPY” redirects here. For the Australian singer with the same moniker, see John Paul Young. also depreciated Depreciated may refer to:
Founded in 1986, ARC Advisory Group has grown to become the Thought Leader in Manufacturing and Supply Chain solutions. No matter how complex your business issues, our analysts have the expert industry knowledge and first-hand experience to help you find the best answer. We focus on simple yet critical goals: improving your return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). , operational performance, total cost of ownership, project time-to-benefit, and share-holder value. Further information can be obtained from ARC, Three Allied Drive, Dedham, MA 02026, 781-471-1000, Fax 781-471-1100, E-mail info@arcweb.com, Web www.arcweb.com. |
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