Enterprise manufacturing intelligence has its applications across various industries. In the report, these industries have been broadly categorized under process and discrete industries. With the increased pressure on the manufacturing companies to deliver cost-effective products to market while managing costs, EMI plays a significant role in terms of communication between plant personnel and management, enhanced productivity, and decision making in real-time based on situations.
The enterprise manufacturing intelligence market is expected to be valued at USD 3.95 Billion by 2022, growing at a CAGR of 17.1% between 2016 and 2022. The growth of this market is propelled by the growing need for enhanced operational efficiency, rising emphasis on regulatory compliances, and increasing complexities in the supply chain.
ABB Ltd. (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Siemens AG (Germany) are some of the leading players in the enterprise manufacturing intelligence market. New product launches and developments, contracts, agreements, acquisitions, and partnerships are key strategies followed by the major players to gain a competitive edge in the market.
ABB Ltd. has a leadership position in the enterprise manufacturing intelligence market. ABB Ltd. is actively involved in improving its product portfolio by entering into contracts, partnerships, and agreements to ensure its growth in the EMI market. For instance, in August 2016, ABB received an order from Chile-based mining company Compañía Minera Doña Inés de Collahuasi (CMDIC)—to upgrade the Ellipse enterprise asset management and MineMarket software solution. This software upgradation would aid greater visibility and boost the operations of this Chile-based mining company by providing real-time information.
Schneider Electric SE (France) is one of the major players in enterprise manufacturing intelligence market. The company has a strategically balanced portfolio and diversified geographic presence. The strong position of company in various markets provides a competitive advantage. The company is focused on strategic acquisitions to have a profitable and sustainable growth. For instance, Schneider Electric SE acquired InStep Software (U.S.) in September 2014. This acquisition supported Schneider Electric’s growing software business. It helped the company making its presence strong in the power and energy market and deliver improved technology and new solutions. It aimed to provide customers with value added products and focused largely on the developing economies.
The other companies involved in the development of the enterprise manufacturing intelligence market include Rockwell Automation, Inc. (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Aspen Technology, Inc. (U.S.), Dassault Systèmes (France), Yokogawa Electric Corporation (Japan) and SAP SE (Germany).
Enterprise Manufacturing Intelligence Market by Deployment Type (Embedded, and Standalone), Offering (Software, and Services), End-User Industry (Automotive, Oil & Gas, Pharmaceutical, Food & Beverages), and Geography - Global Forecast to 2022
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