Press release
Enterprise Manufacturing Intelligence Market Size, Demand, Trends and Revenue Forecast 2022-2027
Enterprise Manufacturing Intelligence Market Report 2022-2027
The Enterprise Manufacturing Intelligence (EMI) Market refers to the use of software and analytics tools to obtain real-time insights into manufacturing processes. It enables manufacturers to monitor and analyze production data from various sources, such as sensors, machines, and other production equipment, to optimize their operations, reduce costs, and improve product quality. The EMI market includes various software solutions, such as enterprise resource planning (ERP), product lifecycle management (PLM), and manufacturing execution systems (MES). The market is driven by the increasing adoption of Industry 4.0 technologies and the growing demand for operational efficiency in manufacturing industries.
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Key Drivers of Enterprise Manufacturing Intelligence Market:
The Enterprise Manufacturing Intelligence market is primarily driven by the increasing adoption of Industry 4.0 technologies in manufacturing. The integration of advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) has transformed manufacturing processes and enabled manufacturers to improve their operational efficiency significantly. Additionally, the need for real-time data analysis and insights has become crucial for manufacturers to make informed decisions and improve their production quality. The EMI market provides manufacturers with the necessary tools to monitor, analyze, and optimize their operations in real-time, thereby reducing downtime, minimizing waste, and improving product quality. Furthermore, the increasing demand for operational efficiency, cost optimization, and enhanced product quality has propelled the adoption of EMI solutions in manufacturing industries across the globe.
Enterprise manufacturing intelligence (EMI) is a software solution that provides data to the organization regarding various manufacturing processes. The manufacturing-related data, including capacity, quality, production costs and availability of resources, is derived from various sensors and multiple data points. It is further utilized by organizations for analysis, reporting and visualization. EMI facilitates collaboration, data exchange and aids in optimizing the performance, increasing efficiency, speed of decision making and maximizing outputs. It finds extensive application across various industries, such as automotive, chemical, medical, pharmaceutical, energy, food and beverage and oil and gas.
Market Trends and Drivers:
The global enterprise manufacturing intelligence (EMI) market is primarily being driven by significant growth in the automotive industry. EMI systems are widely used for overcoming challenges related to manufacturing, designing, upgrading the conventional powertrain models and supervising the assembly line. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and the Internet of Things (IoT) with EMI solutions, are providing a thrust to the market growth. These technologies assist in connecting machines and systems, streamlining the process and enabling real-time asset monitoring. Other factors, including the rising need for automation in the manufacturing industry, along with the implementation of various government initiatives to support EMI systems, are anticipated to drive the market toward growth.
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Enterprise Manufacturing Intelligence Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the enterprise manufacturing intelligence market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
• ABB Ltd.
• Aspen Technology Inc.
• Dassault Systèmes SE
• Epicor Software Corporation (KKR & Co. Inc.)
• Honeywell International Inc.
• Oracle Corporation
• Parsec Automation Corp.
• Qisoft, Rockwell Automation Inc.
• SAP SE
• Schneider Electric
Key Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Offering:
• Software
• Services
Breakup by Deployment Type:
• Embedded
• Standalone
Breakup by Application:
• Data Integration
• Data Management and Analytics
• Real-Time Visualization
Breakup by End Use Industry:
• Automotive
• Energy and Power
• Consumer Packaged Goods
• Medical Products
• Aerospace and Defense
• Electronics and Semiconductors
• Pharmaceuticals and Biotech
• Oil and Gas
• Food and Beverages
• Chemical
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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