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Need to Integrate Real-time Manufacturing Data with Diverse Business Systems Drives Growth in World Enterprise Manufacturing Intelligence Market - New analysis from Frost & Sullivan, Growth Dynamics and Trends in World Enterprise Manufacturing Intelligence Markets, finds that market earned revenues of over $900 million in 2007 and estimates this to reach $ 2.58 billion in 2014
Need to Integrate Real-time Manufacturing Data with Diverse Business Systems Drives Growth in World Enterprise Manufacturing Intelligence Market

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2009/07/16 - New analysis from Frost & Sullivan, Growth Dynamics and Trends in World Enterprise Manufacturing Intelligence Markets, finds that market earned revenues of over $900 million in 2007 and estimates this to reach $ 2.58 billion in 2014.

   
 
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Need to Integrate Real-time Manufacturing Data with Diverse Business Systems Drives Growth in World Enterprise Manufacturing Intelligence (EMI) Markets, says Frost & Sullivan.
EMI solutions have helped to bridge the gap between production and business environments. The existence of highly inflexible and legacy systems paves the way for the utilization of intelligent analytics to reduce decision-making complexity. The track and trace function offers the capability to handle complex business scenarios, minimizing end-user reliance on conventional manual data process analysis. EMI solutions also provide seamless enterprise-wide real-time visibility of information.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Growth Dynamics and Trends in World Enterprise Manufacturing Intelligence Markets, finds that market earned revenues of over $900 million in 2007 and estimates this to reach $ 2.58 billion in 2014.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, send an email to David Escalante, Corporate Communications, at david.escalante[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

The quicker ROI period, high value-proposition and lower initial investment encourages end users to opt for EMI solutions. The advantages of reliability, flexibility, and scalability have been instrumental for EMI solutions to score over competing applications. Reducing performance variability across internal factors positively affects the profitability of a business, which is a high concern for most of the present-day process owners.

“These advantages, coupled with the demand for regulatory compliance requirements, have accelerated the implementation of EMI solutions, thus driving the market to achieve double-digit growth rates,” says Frost & Sullivan Senior Analyst Muthuraman Ramasamy. “However, the strong market growth rate forecast comes along with a phase of intense consolidation amidst pure-play vendors by enterprise resource planning (ERP), manufacturing execution system (MES), and automation solution providers.”

The EMI market is also merging functionalities with existing market offerings on homogeneous platforms in order to deliver substantial value to end users. The need for an integrated solution on a unified platform drives consolidation. The acquisition of pure-play EMI vendors by major ERP, automation or MES participants facilitates integration of solutions and maximizes the value proposition. While a low level of market awareness persists, the state-of-the-art technological developments and the cutting-edge benefits offered will help overcome this impediment.

EMI vendors must provide value-added services to set their brand apart from other commercial-of-the-shelf (COTS) products. This is especially significant in a market where product differentiation is at a minimum and price sensitivity is low. Strategic acquisitions also offer the chance to widen the user base and enable participants to venture into new applications, establishing themselves in niche markets. The need to improve the service portfolio, broadening market reach, and strengthening the distribution base remain critical for steady business progression and development.

“End users must standardize process performance across the enterprise and guarantee a single version of truth shared for seamless collaboration,” concludes Ramasamy. “Business strategies must be proactively aligned with enterprise manufacturing intelligence strategy in order to outpace competition and earn market participants a place in the spotlight.”

Growth Dynamics and Trends in World Enterprise Manufacturing Intelligence Markets is part of the Industrial Automation and Process Control Growth Partnership Service program, which also includes research in the following markets: MES market, automation, and control systems in oil & gas, PLM, SCADA, EAM and the likes. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.

Growth Dynamics and Trends in World Enterprise Manufacturing Intelligence Markets / N43C

 
 
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Need to Integrate Real-time Manufacturing Data with Diverse Business Systems Drives Growth in World Enterprise Manufacturing Intelligence Market

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