LONDON--Technavio’s latest report covers the present scenario and growth prospects for the global enterprise manufacturing intelligence (EMI) market 2016-2020.
In this report, Technavio’s automation research experts announce their key market highlights for the global enterprise manufacturing intelligence (EMI) market. Their findings include:
Global EMI market predicted to be driven by the sales of updates and upgrades in the F&B sector
The F&B industry uses EMI software to improve plant productivity, arrive at business decisions, and respond to evolving customer preferences, strict regulations, and improved standards that govern product safety and quality. The software offers cost-effective integration and optimizes maintenance procedures. In addition, it also helps collect, store, and integrate data into business systems, mitigates security threats, and upgrades obsolete control systems. EMI manages batch process controls to balance costs with improvements in safety, product quality, and regulatory compliance.
One of Technavio’s lead analysts Bharath Kumar, who specializes in automation research observed, “The Food & Beverage Plant Automation, Networking, and Data Integration Congress, 2015, focused on data integration and plant networking solutions. Automation solutions such as distributed control systems (DCS), supervisory control and data acquisition (SCADA), and manufacturing execution systems (MES) are extensively used in the F&B industry to cut downtime. Hence, organizations across industries are predicted to invest in advanced EMI solutions during the forecast period.”
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With the EMI market maturing in the Americas and EMEA, the demand for new EMI software licenses is higher in Asia-Pacific (APAC)
The EMI market was valued at close to USD 195.6 million in 2015. Technavio researchers expect the market to reach over USD 376.2 million by 2020, growing at a CAGR of around 14% from 2016-2020.
In 2015, APAC accounted for the smallest share of 19.53% in the global EMI market. However, its share is likely to rise during the forecast period, as it is a major hub for manufacturers based in the Western Hemisphere. This shift will increase the need for better EMI software to manage businesses efficiently.
The significant growth of the APAC market is attributed to the growing need among manufacturers to map complex processes and products efficiently. With increased scale of operations, as supply chains grow more complex, implementation of EMI become imperative. This trend is expected to largely benefit the APAC market over the next four years.
Automated production decision-making systems, and the need for real-time information are the major factors driving market growth
EMI software facilitates real-time process analytics that identifies and prevents issues that can arise during manufacturing. These attributes lead to high production, low costs, and minimal downtime. EMI solutions compile information into appropriate operational contexts and deliver relevant role-based reports, dashboards, and key performance indicators (KPIs) through a web-based browser interface.
It allows top-level management in organizations to track efficiency data from operations and analyze operating conditions, errors, and equipment availability. It also allows quality managers to select work cells conveniently and check quality levels. In addition, EMI solutions help assess real-time production information and correlate with business intelligence (BI) tools.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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