Global Enterprise Manufacturing Intelligence Market at an Estimated US$5.3 Billion by 2025 is an Opportunity Too Big to Ignore
The global market for Enterprise Manufacturing Intelligence is projected to reach US$5.2 billion by 2025, driven by the growing focus on improving manufacturing competitiveness against the backdrop of factors such as dynamic market environments, rapidly changing consumer needs and expectations, growing proficiency of competitors, cost pressures and disruptive rise of myriad technology options.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Enterprise Manufacturing Intelligence market. Report segmentation include Offering (Software, Services); Deployment (Embedded, Standalone); and End-Use Industry (Automotive, Oil & Gas, Pharmaceutical, Other End-Use Industries).
10 June 8:15 A.M., California/Marketwire/ - According to the new market research report, the global market for Enterprise Manufacturing Intelligence is projected to reach US$5.2 billion by 2025, driven by the growing focus on improving manufacturing competitiveness against the backdrop of factors such as dynamic market environments, rapidly changing consumer needs and expectations, growing proficiency of competitors, cost pressures and disruptive rise of myriad technology options. The Enterprise Manufacturing Intelligence market is expected to decline in the year 2020 before recovering to reach a revised market size by the end of the analysis period.
Given that the manufacturing industry has inherently complex, multiple, convoluted operational processes and networks, efficient management and monitoring has always been a challenge. The emergence of Industrial Internet of Things (IIoT), better known as Industry 4.0, has further amplified this challenge and has pushing up the importance of manufacturing intelligence. Under this scenario it is important for companies to transform and adopt data-driven approaches by utilizing big data and data analysis tools. Benefiting from the manufacturing industry's rapid transformation into the most data-intensive industries is enterprise manufacturing intelligence. In an increasingly mixed mode manufacturing scenario, enterprise manufacturing intelligence helps integrate Manufacturing Execution System (MES), Quality Management System (QMS), Advanced Planning and Scheduling (APS), Laboratory Information Management System (LIMS), Enterprise Resource Management (ERP), into a single platform for analysis.
The combined data is wholesome and contextualized to enable effective & rapid decision-making. Actionable analytics generated by manufacturing intelligence helps implement, quantify and justify operational improvements, while the deeper holistic insights are especially important for pharmaceutical, biotech and medical device industries, where product safety and regulatory compliance are vital factors for business success. At the plant level, enterprise manufacturing intelligence can be used to improve collaboration and data exchange between the shop floor and enterprise system. Technology innovations have made the software architecture of manufacturing intelligence easy to install, flexible to deploy and implement, and cost-effectively be centralized for higher visibility at the enterprise level. They also come with powerful features that enable customization and are designed to supports different technology platforms.
Key Competitors Covered in the Report
Aegis Industrial Software Corporation
Aspen Technology Inc.
Aveva Group Plc
Dassault Systemes (France)
Emerson Electric Co.
Epicor Software Corporation
General Electric Company
Honeywell International Inc.
Hewlett Packard Enterprise Development LP
Parsec Automation Corp
Rockwell Automation Inc.
Yokogawa Electric Corp.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK and Rest of Europe)
Asia-Pacific (China, India and Rest of Asia-Pacific)
Rest of Europe
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 41043. Among this pool, 3283 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 821 unique participations, a total of 369 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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