Technavios market research analyst predicts the global EMI market to grow steadily at a CAGR of around 11% during the forecast period. The need to raise productivity in manufacturing is the primary growth driver for this market. Conventional manufacturing processes and business strategies can no longer match a companys productivity targets. As a result, manufacturers are innovating business models and products and are framing new business policies to enhance the manufacturing processes. For instance, Rockwells FactoryTalk offers new ways to boost production, reduce costs, and improve product quality. This software offers users comprehensive insight into existing equipment and identifies the main causes of downtime and loss of productivity, thereby modernizing the manufacturing process
The growth of big data analytics is expected to boost the market growth during the forecast period. Industries such as automotive, electrical, consumer packaged goods, pharmaceuticals, aerospace and defense, and oil and gas generate large volumes of plant-floor system data and enterprise-level data. The integration of big data analytics with the EMI software helps an enterprise to identify, analyze, and mitigate various issues and faults in the manufacturing unit. It boosts productivity in real time and enables effective and efficient data sharing between business units within an enterprise or a production plant to facilitate product development or service management.
Complete
report details @ https://www.wiseguyreports.com/reports/global-enterprise-manufacturing-intelligence-market-2016-2020
.
End-user segmentation and analysis
of the EMI market
- Process industries
- Discrete industries
Discrete industries accounted for
around 60% of the market share during 2015. Price pressures have compelled the
discrete manufacturing sectors to innovate continuously and reduce scrap and
rework, improve asset utilization, and deliver top quality products to
end-users. EMI software provides visual dashboards and offers operators and
managers the ability to monitor their production processes in real-time.
Geographical segmentation and
analysis of the EMI market
- Americas
- APAC
- EMEA
The Americas dominated the global
market during 2015, accounting for a market share of around 42%. The early
adoption of cloud-based EMI software, which eliminates the need for high
initial investment, has been driving the growth of the market in this region.
However, analysts predict this region to witness a decline in market shares
during the forecast period due to market saturation.
Competitive landscape and key
vendors
The need to boost production
processes through efficient data sharing, analysis, and monitoring of
production units and enterprise units has sparked high demand for EMI software.
This has resulted in market consolidation with large international vendors
getting into M&A. The intense competition among the existing large
international vendors and new vendors has spurred the development of new and
updated EMI software. Vendors in this market generate most of their revenue
through indirect sales channels.
The leading vendors in the market
are -
- ABB
- Aegis
- Oracle
- Parsec Automation
- SAP
Other prominent vendors in the
market include Epicor, GE, HP, Schneider Electric, QISOFT, Rockwell Automation,
and Siemens.
Key questions answered in the report
include
·
What will the market size and the
growth rate be in 2020
·
What are the key factors driving the
global EMI market
·
What are the key market trends
impacting the growth of the EMI market
·
What are the challenges to market
growth
·
Who are the key vendors in this
market space
·
What are the market opportunities
and threats faced by the vendors in the EMI market
·
Trending factors influencing the
market shares of the Americas, APAC, and EMEA
·
What are the key outcomes of the
five forces analysis of the global EMI market
Related reports:
GlobalMESMarket 2015-2019
MES Market in EMEA- Industry Analysis 2015-2019
MES Market in North America 2015-2019
Manufacturing Execution Systems (MES) Market in APAC 2015-2019
MES Market in EMEA- Industry Analysis 2015-2019
MES Market in North America 2015-2019
Manufacturing Execution Systems (MES) Market in APAC 2015-2019
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NORAH TRENT
Partner Relations
& Marketing Manager
sales@wiseguyreports.comPh: +1-646-845-9349 (US)
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