NEW YORK, Feb. 27, 2017 /PRNewswire/ -- Enterprise
manufacturing intelligence (EMI) market to exhibit significant
growth potential between 2016 and 2022"
The enterprise manufacturing intelligence market is expected to
grow at a CAGR of 17.1% between 2016 and 2022, to reach
USD 3.95 billion by 2022. The key
driving factors for the growth of the enterprise manufacturing
intelligence market are rising need for enhanced operational
efficiency, increasing complexities in the supply chain process,
intense competition among manufacturing companies, and rising
emphasis on regulatory compliance. However, hefty initial
investments and high costs associated with integration and support
are the major restraints for the growth of the EMI market.
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"Market for embedded EMI solutions expected to grow at the
highest rate during forecast period"
The market for embedded EMI solutions is expected to grow at the
highest rate in the enterprise manufacturing intelligence market
between 2016 and 2022. Large enterprises are entitled to respond
flexibly to changes and developments arising due to globalization.
They usually have to restructure their organization within a very
short span of time and adapt relative technological developments to
remain competitive in the market. Therefore, they prefer systems
that can be implemented easily and quickly within their premises
and without the need of any complex setups. This is expected to
drive the growth of the embedded EMI solutions during the forecast
period.
"Automotive to account for the largest market share of the
overall enterprise manufacturing intelligence market"
The market for the automotive industry is expected to grow at the
highest CAGR between 2016 and 2022. In the automotive industry,
OEMs are endeavored to synchronize their manufacturing processes
with the emerging technologies for enhanced consumer satisfaction
and better experiences. On account of this, the EMI market would
gain momentum during the forecast period.
"APAC to be the fastest-growing market for enterprise
manufacturing intelligence during the forecast period"
The market for enterprise manufacturing intelligence in the APAC
region is expected to grow at the highest CAGR between 2016 and
2022. Rapid industrialization in Asia and consistent growth in the Pacific
region has boosted the manufacturing sector in APAC augmenting the
EMI market growth in this region. Countries such as China and Japan are expected to drive the growth of the
enterprise manufacturing intelligence market in Asia.
Break-up of the profiles of primary participants for the report
has been given below:
- By Company Type: Tier 1 – 28%, Tier 2 – 38%, and Tier 3 – 34%
- By Designation: C–Level Executives – 68% and Directors– 32%
- By Region: North America - 30%,
Europe – 25%, APAC – 30%, and RoW
– 15%
The key players in the market include ABB Ltd. (U.S.), Honeywell
International Inc. (U.S.), Rockwell Automation, Inc. (U.S.),
Schneider Electric SE (France),
Siemens AG (Germany), Emerson
Electric Co. (U.S.), General Electric Co. (U.S.), Aspen Technology,
Inc. (U.S.), Dassault Systèmes (France), and Yokogawa and SAP SE (Germany).
Research Coverage:
The research report on the global enterprise manufacturing
intelligence market covers different segments, namely, deployment
type, application, offering, end-user industry, and geography. The
market has been segmented on the basis of deployment type into
embedded and standalone EMI solutions. On the basis of offering,
the enterprise manufacturing intelligence market has been
classified into software and services. Further, the enterprise
manufacturing intelligence market has been segmented on the basis
of end-user industries into process industries and discrete
industries. Process Industries have been further subsegmented into
chemical, energy & power, food & beverages, oil & gas,
pharmaceutical and other process industries such as mining and
metals, paper and pulp. Similarly, discrete industries have been
further subsegmented into aerospace & defense, automotive,
medical devices, and semiconductor & electronics.
The report covers four major geographical regions; Americas,
Europe, Asia-Pacific (APAC), and Rest of the World
(RoW).
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market
based on deployment type, application, offering, end-user industry,
and geography has been conducted to give an overall view of the
enterprise manufacturing intelligence market.
The Porter's five forces framework has been utilized along with the
value chain analysis to provide an in-depth insight into the
enterprise manufacturing intelligence market.
The major drivers, restraints, opportunities, and challenges for
the enterprise manufacturing intelligence market have been detailed
in this report.
The report includes a detailed competitive landscape along with key
players, in-depth analysis, and revenue of key players
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