London, 24 November 2014 – The growing need to improve plant-wide process efficiency has increased the adoption of Enterprise Manufacturing Intelligence (EMI) Systems, enabling steady growth in the Global Enterprise Manufacturing Intelligence Market.
The shift towards lean manufacturing, increased need for synchronized enterprise-level and plant floor systems, and reduced operational costs has compelled manufacturers to adopt EMI systems, and prompted a CAGR of 10.91 percent from 2014-2018 in the global market.
About the Report
Globalized operations are creating a demand for continuous information flow on the part of manufacturing companies. The latest report from TechNavio highlights increased reliance on real-time information, which helps companies keep track of and integrate processes, thus ensuring the smooth flow of operations.
Organizations have started adopting EMI solutions, which provide analyzed and duly presented historical and real-time information in a user-friendly format.
“With the help of real-time information, manufacturers can comprehend the existing scenario and assess or manipulate the future outcomes with the help of better decision making and proactive measures,” says Faisal Ghaus, Vice President of TechNavio.
Enterprises are also adopting bundled software packages to achieve better functionality, keep ahead of the competition and access a single point-of-control so as to ensure better flexibility, reliability and scalability of in-house solutions.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Need to Improve Plant-wide Process Efficiency
- For a full detailed list, view our report.
Market Challenges:
- Disparity in Data Retrieved from Various Sources
- For a full detailed list, view our report.
Market Trends:
- Increased Need for Real-time Enterprise Information
- For a full detailed list, view our report.
Key Vendors:
- Oracle Corp.
- Parsec Automation Corp.
- SAP AG
Other Prominent Vendors:
- ABB
- Epicor
- GE
- HP
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