SCADA/HMI Software Revenue

Source Research:

Manufacturers are expected to increase their spending on Supervisory Acquisition and Control Data (SCADA) and Human-Machine Interface (HMI) software from US$6.17 billion in 2023 to US$11.30 billion by 2033 - growing at a Compound Annual Growth Rate (CAGR) of 6.2% during that forecast period.

Modern manufacturing operations heavily rely on SCADA/HMI software, which are widely used by manufacturers worldwide, except for those running simpler production lines. SCADA software collects, controls, and processes data, assets, and processes across the factory, while HMI software provides operators with a graphical interface for visualization and interaction. Although HMI systems can operate independently, they are considered integral to SCADA systems. Various vendors offer SCADA and HMI software, with some keeping them distinct (e.g., Emerson, AVEVA), others blurring functionality (e.g., Rockwell Automation, Siemens), and some integrating them into a single offering (e.g., ABB, GE Digital, Honeywell).

As market demands rapidly change, SCADA/HMI software is undergoing a significant evolution. It must now handle a vast number of data points and Internet of Things (IoT) devices, as well as seamlessly integrate with third-party solutions, support low-code application use and development, enable zero downtime deployment, and be part of comprehensive industrial automation portfolios. Scalability with Software-as-a-Service (SaaS) and unlimited licensing models is also crucial in meeting the evolving needs of businesses.

The market for SCADA/HMI software is driven by several key factors:

• The expanding market for industrial automation hardware, including IIoT sensors and Industrial Personal Computers (IPCs), which work in synergy with SCADA/HMI systems.
• The necessity to establish seamless connectivity and integration with smart factory solutions, such as AI-enhanced data analytics, digital twins, and advanced Manufacturing Execution Systems (MES).
• Shifting labor market conditions that demand scalable architectures and flexible working environments to accommodate changing workforce needs.

Modularity and integration are the two main design elements being championed by technology
vendors for their SCADA/HMI offerings, with software being designed with open standards that
allow for easy operability with manufacturers’ pre-existing production processes. Manufacturers
want to plug-and-play modular best-of-breed software components to form a singular integrated
solution. Technology vendors are designing their solutions to meet both this modular and holistic
framework, designing end-to-end portfolios that can be deployed holistically or used to fill gaps
in pre-existing systems, with Siemens’ Xcelerator, GE Digital’s Proficy, and Mitsubishi Electric’s
ICONICS suite being primary examples.

The SCADA/HMI software market is currently undergoing significant evolutions to keep up with
changing market needs.

• Increasing Presence of Peripheral Innovations
• Information Technology (IT)/Operational Technology (OT) Alignment
• Modularity and IntegIntegKey SCADA/HMI Software Design Elements
• The SCADA/HMI Market Is Shifting toward Holistic Portfolios and the "Single Pane of Glass"