Artificial Intelligence
The global market for Human Machine Interface (HMI) Solutions is projected to reach US$7.6 billion by 2025
New York, Sept. 08, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Human Machine Interface (HMI) Solutions Industry” – https://www.reportlinker.com/p03180721/?utm_source=GNW
For effective human machine collaboration, the importance of Human Machine Interface (HMI) cannot be overstated. A key growth driver in the market is the rapid pace of digital transformation which increasingly puts humans and machines together. Digitalization is defined as the use of digital technologies to transform business models in a manner that enables new value creation opportunities and opens up new revenue avenues for companies. Digitalization is longer an option for businesses but a necessity to compete in a changing world increasingly underscored by tough economic fundamentals. Virtually all businesses have embraced digitization and have begun the journey of digital transformation. Billions of dollars are being injected into the transformation process, opening up attractive opportunities for myriad allied markets that encompass semiconductors, hardware, software, cloud services, and platform providers, among others. Technologies at the forefront of this digital transformation include cloud computing, Internet of Things (IoT), Big Data, Data Analytics, Artificial Intelligence, Mobility/Social Media, Cybersecurity, 3D Printing, and Wearable Technology. Top industries at the forefront of digitalization include health & pharma, automotive, process and discrete manufacturing, oil and gas, telecom and finance.
As budgets allotted for digital transformation become bigger, billions of dollars will need to be justified and their ROI measured. Companies will be under pressure to show benefits accruing from their growing technology budgets. The scenario is poised to benefit a wide range of markets for enabling hardware and software platforms including human machine interface (HMI). Digitalization means increased use of computers and digital machines. Their efficient use plays a major role in influencing ROI on CAPEX investments. In this regard, the importance of human machine interface (HMI) cannot be overstated. HMI is defined as a user interface through which humans can interact with machines. Up until now the Graphical User Interface (GUI) has been the dominant display format for signaling and controlling machines, automation systems, and process control systems. GUI will continue to dominate albeit in the midst of growing competition from improving Natural Language Processing (NLP) and voice based HMI. Beginning from simple punched cards, keypads, monitors, touchpads to the advanced panels of today, HMI has and continues to evolve towards the envisioned path of conversational HMI. The physical form factor of HMI also continues to evolve from machine installed HMI to wearable HMI, setting into motion the rise of HMI 4.0. A well designed HMI is absolutely critical in increasing the odds of making a successful digital transformation journey. Smart HMI systems help in reducing costs and increasing efficiency of automation projects implemented by companies. Smart HMIs will improve the efficiency with which workers interact with machines resulting in higher productivity in the use of the machine, which in turn translates into higher ROI for the company. HMI can make or break the success of all machines and devices ranging from consumer products, medical devices, industrial machines, military devices, cars to planes. The United States, Japan and Europe represent large markets worldwide with a combined share of 65.7% of the market. China ranks as the fastest growing market with a CAGR of 10.2% over the analysis period supported by the Chinese government`s ambitious plans to empower the Chinese economy to become internationally competitive via digitalization.
Read the full report: https://www.reportlinker.com/p03180721/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
In This Age of Digitalization, HMI Acquires New Significance
A Universal Feature for all Electronic & Digital Devices, HMI
to Benefit from the Growing Momentum of Digital Transformation
of Businesses: Global Digital Transformation Opportunity (In
US$ Billion) for the Years 2019, 2021 and 2023
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ABB Limited (Switzerland)
Advantech Co., Ltd. (Taiwan)
American Industrial Systems, Inc. (USA)
Beijer Electronics, Inc. (Sweden)
Eaton Corporation Inc. (USA)
Emerson Electric Co. (USA)
Honeywell Process Solutions (USA)
Kontron S&T AG (Germany)
Mitsubishi Electric Corporation (Japan)
Omron Corporation (Japan)
Rockwell Automation, Inc. (USA)
Schneider Electric SE (France)
Siemens AG (Germany)
Yokogawa Electric Corp. (Japan)
3. MARKET TRENDS & DRIVERS
Autonomy-Connectivity-Electrification-Electronification Spur
the Importance of Easy-to-Use HMI in the Automotive Industry
Digital HMI to Witness Strong Penetration in the Automotive
Instrument Cluster Market Still Dominated by Analog HMI:
Global Automotive Instrument Cluster Market (In US$ Billion)
by Type for the Years 2019, 2021, 2023
As In-Vehicle Connectivity & the Resulting Information Overload
Floods the Car, Driver Focused HMI Emerges into the Spotlight
As In-Vehicle Connectivity Solutions Grow in Commercial Value,
HMI Becomes a Key Engineering Essential Vital for the
Successful Design of Safe Connected Cars: Global OEM
Connected Car Solutions for Passenger Cars (In 000 Units) by
Type for the Years 2018, 2020 and 2024
Digital Transformation in the Oil & Gas Industry Spurs Demand
for Advanced Panel HMI
Growing Importance of Digital Oilfield Accelerates HMI Demand
Active Integration of IIoT and M2M Communication in Oil & Gas
Infrastructure Widens Opportunities
As Digital Technologies Penetrate the Oil & Gas Industry to
Relieve Cost & Efficiency Pressures, HMI Draws Increased
Interest: Global Spending on Digital Oilfield Technologies:
(In US$ Billion) for the Years 2019, 2021 and 2023
Strong Penetration of Industrial Automation Concept Spurs
Growth of HMI
Unprecedented Rise in Investments on Industrial Automation
Brings HMI into the Spotlight for Controlling & Monitoring
Machines & Processes: Global Industrial Automation Market (In
US$ Billion) for the Years 2019, 2022, 2024 & 2026
HMI Technologies Take Center Stage in Industrial Automation
Ecosystem
PC-based HMI Remains Popular in Industrial Environments
Evolution of IoT Drives Robust Innovation in HMI Technology
Growing IoT Ecosystem Across Industries Bring the Value of
Intuitive HMI Designs Into the Spotlight: Global Number of IoT
Connected Devices (In Billion) for the Years 2016, 2018,
2020, 2022 & 2025
Touchscreen Enhanced With Haptics & Ultra-Haptics: The Current
Focus Area for Innovation
Haptics Facilitate Seamless Interaction with Virtual Models
UltraHaptics Bring In New Era of Touchless Screens
HD Haptics Emerge to Enhance User Experience
Rising Demand for Mobility and Efficiency: Strong Growth Driver
for Mobile HMI Solutions
Multi-Modal HMI Gains in Popularity
Backlighting for HMI: ?Light Guide Film Technology? in Focus
From Graphical User Interface to Natural Language User
Interfaces, the Transition Has Begun
AR/VR Emerge as Attractive Technologies to Bridge the Current
Human/Machine Gap
Augmented Reality Makes Inroads into the Automotive HMI Market
with the Next Generation Automotive Grade Heads-Up Displays
AI Enabled HMI: From Science Fiction to Commercial Deployment
Intersection of Natural Language Processing (NLP) & Artificial
Intelligence Marks the First Step Forward in Redefining HMI in
the Age of Intelligence: Global AI in NLP (In US$ Billion)
for the Years 2019, 2022 and 2024
Affective Computing: The Future of all Emotional Human-Machine
Interactions
Developments in Affective Computing Bodes Well for the
Development of Next Generation Futuristic Emotionally Aware
HMI Solutions: Global Market for Affective Computing (In US$
Million) for the Years 2020, 2022 & 2024
Holographic HMI to Witness Strong Adoption in the Enterprise/
Industrial Sector
As the World Moves to the 3rd Wave of Mobility Called
Productive Mobility as Evidenced by the Explosion of BYOW,
Holographic HMI & Wearable HMI Will Witness Robust Growth &
Adoption: Global Market for Enterprise Wearables (In US$
Million) for the Years 2015, 2017, 2020 and 2025
Chat Bots & Digital Assistants: A New Paradigm in HMI Waiting
to Disrupt the Market
Expanding Implementation of Conversational Bots Underlines the
Unleashing of Conversational UX as the HMI of the Future:
Global Chatbot Market (In US$ Million) for the Years 2020,
2023, 2026 and 2028
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 2: World Historic Review for Human Machine Interface
(HMI) Solutions by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 3: World 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World Markets for Years 2012, 2020 & 2027
Table 4: World Current & Future Analysis for Display Terminals
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 5: World Historic Review for Display Terminals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 6: World 15-Year Perspective for Display Terminals by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 7: World Current & Future Analysis for Interface Software
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 8: World Historic Review for Interface Software by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 9: World 15-Year Perspective for Interface Software by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 10: World Current & Future Analysis for Industrial PCs by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 11: World Historic Review for Industrial PCs by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 12: World 15-Year Perspective for Industrial PCs by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 13: World Current & Future Analysis for Other Products by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 14: World Historic Review for Other Products by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 15: World 15-Year Perspective for Other Products by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 16: World Current & Future Analysis for Automotive by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 17: World Historic Review for Automotive by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 18: World 15-Year Perspective for Automotive by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 19: World Current & Future Analysis for Oil & Gas by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 20: World Historic Review for Oil & Gas by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 21: World 15-Year Perspective for Oil & Gas by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2012, 2020 & 2027
Table 22: World Current & Future Analysis for Food & Beverages
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 23: World Historic Review for Food & Beverages by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 24: World 15-Year Perspective for Food & Beverages by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 25: World Current & Future Analysis for Healthcare by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 26: World Historic Review for Healthcare by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 27: World 15-Year Perspective for Healthcare by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 28: World Current & Future Analysis for Packaging by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 29: World Historic Review for Packaging by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 30: World 15-Year Perspective for Packaging by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2012, 2020 & 2027
Table 31: World Current & Future Analysis for Aerospace &
Defense by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2020 through
2027
Table 32: World Historic Review for Aerospace & Defense by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 33: World 15-Year Perspective for Aerospace & Defense by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
Table 34: World Current & Future Analysis for Other
Applications by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2020 through
2027
Table 35: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 36: World 15-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Table 37: USA Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 38: USA Historic Review for Human Machine Interface (HMI)
Solutions by Product – Display Terminals, Interface Software,
Industrial PCs and Other Products Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019
Table 39: USA 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Product – Percentage Breakdown of Value
Sales for Display Terminals, Interface Software, Industrial PCs
and Other Products for the Years 2012, 2020 & 2027
Table 40: USA Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 41: USA Historic Review for Human Machine Interface (HMI)
Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 42: USA 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Application – Percentage Breakdown of Value
Sales for Automotive, Oil & Gas, Food & Beverages, Healthcare,
Packaging, Aerospace & Defense and Other Applications for the
Years 2012, 2020 & 2027
CANADA
Table 43: Canada Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 44: Canada Historic Review for Human Machine Interface
(HMI) Solutions by Product – Display Terminals, Interface
Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 45: Canada 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Product – Percentage Breakdown of
Value Sales for Display Terminals, Interface Software,
Industrial PCs and Other Products for the Years 2012, 2020 &
2027
Table 46: Canada Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 47: Canada Historic Review for Human Machine Interface
(HMI) Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 48: Canada 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Application – Percentage Breakdown
of Value Sales for Automotive, Oil & Gas, Food & Beverages,
Healthcare, Packaging, Aerospace & Defense and Other
Applications for the Years 2012, 2020 & 2027
JAPAN
Table 49: Japan Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 50: Japan Historic Review for Human Machine Interface
(HMI) Solutions by Product – Display Terminals, Interface
Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 51: Japan 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Product – Percentage Breakdown of Value
Sales for Display Terminals, Interface Software, Industrial PCs
and Other Products for the Years 2012, 2020 & 2027
Table 52: Japan Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 53: Japan Historic Review for Human Machine Interface
(HMI) Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 54: Japan 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Application – Percentage Breakdown of Value
Sales for Automotive, Oil & Gas, Food & Beverages, Healthcare,
Packaging, Aerospace & Defense and Other Applications for the
Years 2012, 2020 & 2027
CHINA
Table 55: China Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 56: China Historic Review for Human Machine Interface
(HMI) Solutions by Product – Display Terminals, Interface
Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 57: China 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Product – Percentage Breakdown of Value
Sales for Display Terminals, Interface Software, Industrial PCs
and Other Products for the Years 2012, 2020 & 2027
Table 58: China Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 59: China Historic Review for Human Machine Interface
(HMI) Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 60: China 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Application – Percentage Breakdown of Value
Sales for Automotive, Oil & Gas, Food & Beverages, Healthcare,
Packaging, Aerospace & Defense and Other Applications for the
Years 2012, 2020 & 2027
EUROPE
Table 61: Europe Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Geographic Region – France,
Germany, Italy, UK and Rest of Europe Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2020 through
2027
Table 62: Europe Historic Review for Human Machine Interface
(HMI) Solutions by Geographic Region – France, Germany, Italy,
UK and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 63: Europe 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Geographic Region – Percentage
Breakdown of Value Sales for France, Germany, Italy, UK and
Rest of Europe Markets for Years 2012, 2020 & 2027
Table 64: Europe Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 65: Europe Historic Review for Human Machine Interface
(HMI) Solutions by Product – Display Terminals, Interface
Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 66: Europe 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Product – Percentage Breakdown of
Value Sales for Display Terminals, Interface Software,
Industrial PCs and Other Products for the Years 2012, 2020 &
2027
Table 67: Europe Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 68: Europe Historic Review for Human Machine Interface
(HMI) Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 69: Europe 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Application – Percentage Breakdown
of Value Sales for Automotive, Oil & Gas, Food & Beverages,
Healthcare, Packaging, Aerospace & Defense and Other
Applications for the Years 2012, 2020 & 2027
FRANCE
Table 70: France Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 71: France Historic Review for Human Machine Interface
(HMI) Solutions by Product – Display Terminals, Interface
Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 72: France 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Product – Percentage Breakdown of
Value Sales for Display Terminals, Interface Software,
Industrial PCs and Other Products for the Years 2012, 2020 &
2027
Table 73: France Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 74: France Historic Review for Human Machine Interface
(HMI) Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 75: France 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Application – Percentage Breakdown
of Value Sales for Automotive, Oil & Gas, Food & Beverages,
Healthcare, Packaging, Aerospace & Defense and Other
Applications for the Years 2012, 2020 & 2027
GERMANY
Table 76: Germany Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 77: Germany Historic Review for Human Machine Interface
(HMI) Solutions by Product – Display Terminals, Interface
Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 78: Germany 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Product – Percentage Breakdown of
Value Sales for Display Terminals, Interface Software,
Industrial PCs and Other Products for the Years 2012, 2020 &
2027
Table 79: Germany Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 80: Germany Historic Review for Human Machine Interface
(HMI) Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 81: Germany 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Application – Percentage Breakdown
of Value Sales for Automotive, Oil & Gas, Food & Beverages,
Healthcare, Packaging, Aerospace & Defense and Other
Applications for the Years 2012, 2020 & 2027
ITALY
Table 82: Italy Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 83: Italy Historic Review for Human Machine Interface
(HMI) Solutions by Product – Display Terminals, Interface
Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 84: Italy 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Product – Percentage Breakdown of Value
Sales for Display Terminals, Interface Software, Industrial PCs
and Other Products for the Years 2012, 2020 & 2027
Table 85: Italy Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 86: Italy Historic Review for Human Machine Interface
(HMI) Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 87: Italy 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Application – Percentage Breakdown of Value
Sales for Automotive, Oil & Gas, Food & Beverages, Healthcare,
Packaging, Aerospace & Defense and Other Applications for the
Years 2012, 2020 & 2027
UNITED KINGDOM
Table 88: UK Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 89: UK Historic Review for Human Machine Interface (HMI)
Solutions by Product – Display Terminals, Interface Software,
Industrial PCs and Other Products Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019
Table 90: UK 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Product – Percentage Breakdown of Value
Sales for Display Terminals, Interface Software, Industrial PCs
and Other Products for the Years 2012, 2020 & 2027
Table 91: UK Current & Future Analysis for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 92: UK Historic Review for Human Machine Interface (HMI)
Solutions by Application – Automotive, Oil & Gas, Food &
Beverages, Healthcare, Packaging, Aerospace & Defense and Other
Applications Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 93: UK 15-Year Perspective for Human Machine Interface
(HMI) Solutions by Application – Percentage Breakdown of Value
Sales for Automotive, Oil & Gas, Food & Beverages, Healthcare,
Packaging, Aerospace & Defense and Other Applications for the
Years 2012, 2020 & 2027
REST OF EUROPE
Table 94: Rest of Europe Current & Future Analysis for Human
Machine Interface (HMI) Solutions by Product – Display
Terminals, Interface Software, Industrial PCs and Other
Products – Independent Analysis of Annual Sales in US$ Billion
for the Years 2020 through 2027
Table 95: Rest of Europe Historic Review for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 96: Rest of Europe 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Product – Percentage Breakdown of
Value Sales for Display Terminals, Interface Software,
Industrial PCs and Other Products for the Years 2012, 2020 &
2027
Table 97: Rest of Europe Current & Future Analysis for Human
Machine Interface (HMI) Solutions by Application – Automotive,
Oil & Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 98: Rest of Europe Historic Review for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 99: Rest of Europe 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Application – Percentage Breakdown
of Value Sales for Automotive, Oil & Gas, Food & Beverages,
Healthcare, Packaging, Aerospace & Defense and Other
Applications for the Years 2012, 2020 & 2027
ASIA-PACIFIC
Table 100: Asia-Pacific Current & Future Analysis for Human
Machine Interface (HMI) Solutions by Product – Display
Terminals, Interface Software, Industrial PCs and Other
Products – Independent Analysis of Annual Sales in US$ Billion
for the Years 2020 through 2027
Table 101: Asia-Pacific Historic Review for Human Machine
Interface (HMI) Solutions by Product – Display Terminals,
Interface Software, Industrial PCs and Other Products Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 102: Asia-Pacific 15-Year Perspective for Human Machine
Interface (HMI) Solutions by Product – Percentage Breakdown of
Value Sales for Display Terminals, Interface Software,
Industrial PCs and Other Products for the Years 2012, 2020 &
2027
Table 103: Asia-Pacific Current & Future Analysis for Human
Machine Interface (HMI) Solutions by Application – Automotive,
Oil & Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 104: Asia-Pacific Historic Review for Human Machine
Interface (HMI) Solutions by Application – Automotive, Oil &
Gas, Food & Beverages, Healthcare, Packaging, Aerospace &
Defense and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 105: Asia-Pacific 15-Year Perspective for Human Machine
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Artificial Intelligence
Building Energy Management Systems Market Projected to Reach $67.69 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 24, 2024 /PRNewswire/ — The report titled “Building Energy Management Systems Market by Component (Hardware, Services, Software), Type (Integrated Building Energy Management Systems, Standalone Building Energy Management Systems), Application, Deployment Mode, End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $34.52 billion in 2023 to reach $67.69 billion by 2030, at a CAGR of 10.09% over the forecast period.
“Revolutionizing Energy Efficiency Globally With The Evolution of Building Energy Management Systems (BEMS)”
In an era where energy conservation and efficiency have become paramount, building energy management systems (BEMS) are at the forefront of this transformation, offering solutions that monitor, control, and optimize energy usage within buildings. These advanced systems, leveraging real-time data analytics, automate energy control, enhance energy savings, reduce costs, and contribute to a greener planet. Primarily utilized in commercial spaces, residential areas, and industrial sectors, BEMS has a broad application scope, covering HVAC, lighting, and security systems. Factors driving the expansion of the BEMS market include escalating energy expenses, heightened awareness of environmental impacts, and the increasing incorporation of Internet of Things (IoT) and cloud-based technologies, coupled with supportive government initiatives promoting energy-efficient infrastructures. Although challenges such as high initial costs and technology integration barriers exist, the advent of AI and IoT technologies within BEMS heralds a future of predictive energy management and remote operational capabilities, with a growing emphasis on integrating renewable energy sources. Regions such as the United States, Canada, the European Union, and emerging economies such as China and India are witnessing significant growth in BEMS adoption, spurred by regulatory policies and a shift towards sustainable building practices. This global movement toward BEMS signals a step toward reducing carbon footprints and highlights the collective effort to embrace technology for a sustainable future.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/building-energy-management-systems
“Harnessing Energy Management for Sustainability and Efficiency”
Data centers are pivotal infrastructures in the digital transformation era, consuming up to 50 times more energy than typical commercial spaces. This energy demand positions data centers as key contributors to the U.S.’s overall electricity consumption. Recognizing this, implementing building energy management systems (BEMS) is crucial in mitigating the environmental impact and operational costs associated with data centers. BEMS optimizes cooling systems to prevent equipment overheating, thereby enhancing energy efficiency by leveraging real-time data. Such systems reduce the power usage effectiveness (PUE) ratio, highlighting a move toward more sustainable consumption patterns and ensuring data centers’ operational continuity. Integrating seamlessly with existing infrastructure, BEMS offers a comprehensive approach to energy management, enabling more innovative cooling, efficient power usage, and predictive maintenance. This transition highlights a commitment to environmental responsibility and fosters operational efficiency, setting a new standard for data center operations worldwide.
“Revolutionizing Building Efficiency With Advanced Energy Management Systems Optimized Usage”
In push toward sustainability, building energy management systems (BEMS) stands at the forefront of innovation, integrating sophisticated hardware such as sensors, actuators, controllers, and more to manage and reduce energy consumption in buildings meticulously. These systems work in concert to monitor environmental conditions and adjust heating, ventilation, and air conditioning (HVAC) settings in real time, leading to significant energy savings. BEMS provides valuable data that helps identify savings opportunities, while networking tools ensure seamless communication between devices by precisely tracking energy flow through meters. Servers process vast amounts of data, enabling detailed analysis and actionable insights to refine energy use further. Additionally, comprehensive services, including customized consultations and dedicated support, ensure that each BEMS is tailored to a building’s unique needs, providing efficient operation and extended system longevity. BEMS exemplifies the strategic shift toward more sustainable and operationally excellent building management through the collaborative synergy of hardware, software, and expert services.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/building-energy-management-systems
“Schneider Electric SE at the Forefront of Building Energy Management Systems Market with a Strong 13.97% Market Share”
The key players in the Building Energy Management Systems Market include Schneider Electric SE, Honeywell International Inc., Azbil Corporation, Emerson Electric Co., Johnson Controls International PLC, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Building Energy Management Systems Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Building Energy Management Systems Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Building Energy Management Systems Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/building-energy-management-systems
“Dive into the Building Energy Management Systems Market Landscape: Explore 180 Pages of Insights, 566 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsBuilding Energy Management Systems Market, by ComponentBuilding Energy Management Systems Market, by TypeBuilding Energy Management Systems Market, by ApplicationBuilding Energy Management Systems Market, by Deployment ModeBuilding Energy Management Systems Market, by End-UseAmericas Building Energy Management Systems MarketAsia-Pacific Building Energy Management Systems MarketEurope, Middle East & Africa Building Energy Management Systems MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/building-energy-management-systems
Related Reports:
Home Energy Management System Market – Global Forecast 2024-2030Energy Management System Market – Global Forecast 2024-2030Intelligent Building Automation Technologies Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
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Artificial Intelligence
Terra Drone, Unifly, and Aloft Launch UTM Development for AAM Targeting Global Markets
TOKYO, April 25, 2024 /PRNewswire/ — Terra Drone Corporation, a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, announced today the launch of joint development with its Group companies Unifly NV (“Unifly”) and Aloft Technologies Inc. (“Aloft”) focused on UAS Traffic Management (UTM) for AAMs targeting global markets. Terra Drone has been making strides in its pioneering UTM business via strategic investments in Unifly, a leading UTM technology provider based in Belgium, and Aloft, which has the top UTM market share in the U.S. This collaboration marks the world’s first-ever joint UTM development for AAMs by multiple companies with extensive track records in UTM implementation and operation.
The three companies pursue joint UTM development to capitalize on the rapid global progress in electric vertical take-off and landing aircrafts (eVTOLs), set to revolutionize transportation. Morgan Stanley forecasts the Urban Air Mobility (UAM) market to reach $1 trillion by 2040 and $9 trillion by 2050 (1), with eVTOLs gaining global recognition through test flights and prototype showcases.
The companies proudly announce initiatives to enhance their existing UTM platforms in anticipation of the surge in eVTOL aircraft and drone activities. The shared vision for the UTM platform is to enable safe and efficient flight operations for eVTOLs and drones in the foreseeable future.
Recognizing the evolving needs of the AAM industry, they are dedicated to extending their platform by incorporating crucial additional functions. These enhancements, designed with automation at their core, aim to streamline operational efficiencies and pave the way for the integration of their increasingly automated UTM technology into the design and operational framework of AAMs. Through these efforts, they aim to set new standards in UTM and to facilitate the seamless integration of eVTOLs and drones into the national airspace, bolstering the potential for the AAM industry.
Through this initiative, they aim to build a global UTM infrastructure that kickstarts the AAM industry worldwide, creating a cohesive ecosystem that supports AAM growth and addresses broader challenges of urban mobility, sustainability, and air traffic safety.
Notes to Editor:
Research by Morgan Stanley in a report titled “eVTOL/Urban Air Mobility TAM Update: A Slow Take-Off, But Sky’s the Limit” https://advisor.morganstanley.com/the-busot-group/documents/field/b/bu/busot-group/Electric%20Vehicles.pdf]
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Artificial Intelligence
IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform
$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today’s AI-driven application growth and complexity
HashiCorp’s capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting
As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives
Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two
ARMONK, N.Y. and SAN FRANCISCO, April 24, 2024 /PRNewswire/ — IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. Today’s announcement is a continuation of IBM’s deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
“Enterprise clients are wrestling with an unprecedented expansion in infrastructure and applications across public and private clouds, as well as on-prem environments. The global excitement surrounding generative AI has exacerbated these challenges and CIOs and developers are up against dramatic complexity in their tech strategies,” said Arvind Krishna, IBM chairman and chief executive officer. “HashiCorp has a proven track record of enabling clients to manage the complexity of today’s infrastructure and application sprawl. Combining IBM’s portfolio and expertise with HashiCorp’s capabilities and talent will create a comprehensive hybrid cloud platform designed for the AI era.”
The rise of cloud-native workloads and associated applications is driving a radical expansion in the number of cloud workloads enterprises are managing. In addition, generative AI deployment continues to grow alongside traditional workloads. As a result, developers are working with increasingly heterogeneous, dynamic, and complex infrastructure strategies. This represents a massive challenge for technology professionals.
HashiCorp’s capabilities enable enterprises to use automation to deliver lifecycle management for infrastructure and security, providing a system of record for the critical workflows needed for hybrid and multi-cloud environments. HashiCorp’s Terraform is the industry standard for infrastructure provisioning in these environments. HashiCorp’s offerings help clients take a cloud-agnostic, and highly interoperable approach to multi-cloud management, and complement IBM’s commitment to industry collaboration (including deep and expanding partnerships with hyperscale cloud service providers), developer communities, and open-source hybrid cloud and AI innovation.
“Our strategy at its core is about enabling companies to innovate in the cloud, while providing a consistent approach to managing cloud at scale. The need for effective management and automation is critical with the rise of multi-cloud and hybrid cloud, which is being accelerated by today’s AI revolution,” said Armon Dadgar, HashiCorp co-founder and chief technology officer. “I’m incredibly excited by today’s news and to be joining IBM to accelerate HashiCorp’s mission and expand access to our products to an even broader set of developers and enterprises.”
“Today is an exciting day for our dedicated teams across the world as well as the developer communities we serve,” said Dave McJannet, HashiCorp chief executive officer. “IBM’s leadership in hybrid cloud along with its rich history of innovation, make it the ideal home for HashiCorp as we enter the next phase of our growth journey. I’m proud of the work we’ve done as a standalone company, I am excited to be able to help our customers further, and I look forward to the future of HashiCorp as part of IBM.”
Transaction Rationale
Strong Strategic Fit – The acquisition of HashiCorp by IBM creates a comprehensive end-to-end hybrid cloud platform built for AI-driven complexity. The combination of each company’s portfolio and talent will deliver clients extensive application, infrastructure and security lifecycle management capabilitiesAccelerates growth in key focus areas – Upon close, HashiCorp is expected to drive significant synergies for IBM, including across multiple strategic growth areas like Red Hat, watsonx, data security, IT automation and Consulting. For example, the powerful combination of Red Hat’s Ansible Automation Platform’s configuration management and Terraform’s automation will simplify provisioning and configuration of applications across hybrid cloud environments. The two companies also anticipate an acceleration of HashiCorp’s growth initiatives by leveraging IBM’s world-class go-to-market strategy, scale, and reach, operating in more than 175 countries across the globeExpands Total Addressable Market (TAM) – The acquisition will create the opportunity to deliver more comprehensive hybrid and multi-cloud offerings to enterprise clients. HashiCorp’s offerings, combined with IBM and Red Hat, will give clients a platform to automate the deployment and orchestration of workloads across evolving infrastructure including hyperscale cloud service providers, private clouds and on-prem environments. This will enhance IBM’s ability to address the total cloud opportunity, which according to IDC had a TAM of $1.1 trillion in 2023, with a compound annual growth rate in the high teens through 2027.1Attractive Financial Opportunity – The transaction will accelerate IBM’s growth profile over time driven by go-to-market and product synergies. This growth combined with operating efficiencies, is expected to achieve substantial near-term margin expansion for the acquired business. It is anticipated that the transaction will be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two.HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks and Vodafone. HashiCorp’s offerings have widescale adoption in the developer community and are used by 85% of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp’s FY2024 and include:
Terraform – provides organizations with a single workflow to provision their cloud, private datacenter, and SaaS infrastructure and continuously manage infrastructure throughout its lifecycleVault – provides organizations with identity-based security to automatically authenticate and authorize access to secrets and other sensitive dataAdditional products – Boundary for secure remote access; Consul for service-based networking; Nomad for workload orchestration; Packer for building and managing images as code; and Waypoint internal developer platformTransaction Details
Under the terms of the agreement, IBM will acquire HashiCorp for $35 per share in cash, or $6.4 billion enterprise value, net of cash. HashiCorp will be acquired with available cash on hand.
The boards of directors of IBM and HashiCorp have both approved the transaction. The acquisition is subject to approval by HashiCorp shareholders, regulatory approvals and other customary closing conditions.
The Company’s largest shareholders and investors, who collectively hold approximately 43% of the voting power of HashiCorp’s outstanding common stock, entered into a voting agreement with IBM pursuant to which each has agreed to vote all of their common shares in favor of the transaction and against any alternative transactions.
The transaction is expected to close by the end of 2024.
____________________1 The total cloud opportunity is the sum of the cloud-directed spends across Hardware, IT services and SW for Private and Public cloud implementation, sourced from IDC’s Worldwide Black Book Live Edition, March 2024 (V1 2024)
Conference Call Details
IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed here. Presentation charts will be available shortly before the Webcast.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
About HashiCorp
HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit HashiCorp.com.
Press Contacts:
IBM:Tim Davidson, [email protected]
HashiCorp:Matthew Sherman / Jed Repko / Haley Salas / Joycelyn BarnettJoele Frank, Wilkinson Brimmer Katcher212-355-4449
Additional Information and Where to Find It
HashiCorp, Inc. (“HashiCorp”), the members of HashiCorp’s board of directors and certain of HashiCorp’s executive officers are participants in the solicitation of proxies from stockholders in connection with the pending acquisition of HashiCorp (the “Transaction”). HashiCorp plans to file a proxy statement (the “Transaction Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies to approve the Transaction. David McJannet, Armon Dadgar, Susan St. Ledger, Todd Ford, David Henshall, Glenn Solomon and Sigal Zarmi, all of whom are members of HashiCorp’s board of directors, and Navam Welihinda, HashiCorp’s chief financial officer, are participants in HashiCorp’s solicitation. Information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with the Transaction. Additional information about such participants is available under the captions “Board of Directors and Corporate Governance,” “Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management” in HashiCorp’s definitive proxy statement in connection with its 2023 Annual Meeting of Stockholders (the “2023 Proxy Statement”), which was filed with the SEC on May 17, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000114036123025250/ny20008192x1_def14a.htm). To the extent that holdings of HashiCorp’s securities have changed since the amounts printed in the 2023 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC (which are available at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001720671&type=&dateb=&owner=only&count=40&search_text=). Information regarding HashiCorp’s transactions with related persons is set forth under the caption “Related Person Transactions” in the 2023 Proxy Statement. Certain illustrative information regarding the payments to that may be owed, and the circumstances in which they may be owed, to HashiCorp’s named executive officers in a change of control of HashiCorp is set forth under the caption “Executive Compensation—Potential Payments upon Termination or Change in Control” in the 2023 Proxy Statement. With respect to Ms. St. Ledger, certain of such illustrative information is contained in the Current Report on Form 8-K filed with the SEC on June 7, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000162828023021270/hcp-20230607.htm). Promptly after filing the definitive Transaction Proxy Statement with the SEC, HashiCorp will mail the definitive Transaction Proxy Statement and a WHITE proxy card to each stockholder entitled to vote at the special meeting to consider the Transaction. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT HASHICORP WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction at the SEC’s website (http://www.sec.gov). Copies of HashiCorp’s definitive Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction will also be available, free of charge, at HashiCorp’s investor relations website (https://ir.hashicorp.com/), or by emailing HashiCorp’s investor relations department ([email protected]).
Forward-Looking Statements
Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.
Statements in this communication regarding IBM and HashiCorp that are forward-looking may include statements regarding: (i) the Transaction; (ii) the expected timing of the closing of the Transaction; (iii) considerations taken into account in approving and entering into the Transaction; (iv) the anticipated benefits to, or impact of, the Transaction on IBM’s and HashiCorp’s businesses; and (v) expectations for IBM and HashiCorp following the closing of the Transaction. There can be no assurance that the Transaction will be consummated.
Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (i) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from HashiCorp’s stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the Transaction, including in circumstances requiring HashiCorp to pay a termination fee; (iii) possible disruption related to the Transaction to IBM’s and HashiCorp’s current plans, operations and business relationships, including through the loss of customers and employees; (iv) the amount of the costs, fees, expenses and other charges incurred by IBM and HashiCorp related to the Transaction; (v) the risk that IBM’s or HashiCorp’s stock price may fluctuate during the pendency of the Transaction and may decline if the Transaction is not completed; (vi) the diversion of IBM and HashiCorp management’s time and attention from ongoing business operations and opportunities; (vii) the response of competitors and other market participants to the Transaction; (viii) potential litigation relating to the Transaction; (ix) uncertainty as to timing of completion of the Transaction and the ability of each party to consummate the Transaction; and (x) other risks and uncertainties detailed in the periodic reports that IBM and HashiCorp filed with the SEC, including IBM’s and HashiCorp’s respective Annual Reports on Form 10-K. All forward-looking statements in this communication are based on information available to IBM and HashiCorp as of the date of this communication, and, except as required by law, IBM and HashiCorp do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
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