- The key vendors in The Global Manufacturing IT spending market are Dell Inc., Hewlett-Packard Co., IBM Corp. and Microsoft Corp.
London, 06 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Manufacturing IT Spending Market 2014-2018. The report analyzes the profound growth scope of the market in the future. One of the major trends in the market is the increased adoption of anti-theft solutions in the Automotive and Hardware industries. Market players are developing IT-enabled anti-theft solutions that can track vehicles and hardware devices within a defined location.
Manufacturing companies are increasingly adopting IT services to optimize their business processes. Apart from spending on hardware and software programs including Customer Relationship Management and Enterprise Resource Planning, manufacturing companies are adopting IT solutions to meet specific or multi-level requirements.
“The Manufacturing industry is highly dependent on IT solutions to track activities ranging from procurement of raw materials to shipment of finished products,” says Faisal Ghaus, Vice President of TechNavio Research.
“Manufacturers use IMS tools to integrate all their activities on the same platform, which enables them to reduce the cost of production and streamline the process of product development, product quality, and process management.”
Enhanced Application of IMS Tools
Information Management System tools help companies to gain access to activities such as engineering, manufacturing, distribution, supply chain, and service delivery. This reduces the maintenance expenses as manufacturing companies do not require in-house IT staff. These tools improve the production process as the information about the stages of product life cycle is linked with IT software, which manages and stores relevant data automatically.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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