According to the new market research report "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" , the enterprise manufacturing intelligence (EMI)
market is estimated to be valued at USD 1.53 Billion in 2016 and is expected to
register a CAGR of 17.1%, to reach USD 3.95 Billion by 2022.The growth of this
market is driven by the tough competition among manufacturing companies,
growing need for enhanced operational efficiency, rising supplier complexity,
and stringent regulatory framework in the highly regulated industries.
“Embedded deployment to hold the largest share of the
enterprise manufacturing intelligence market during the forecast period“
Embedded deployment type is expected to lead the enterprise
manufacturing intelligence market between 2016 and 2022. The growth of the
market is expected to be influenced by factors such as ongoing technological
advancements, increasing popularity of IoT, and growing demand for sustainable
production.
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“Automotive industry to hold the largest share and grow
at the highest rate between 2016 and 2022”
The automotive sector witnessed rapid changes in the
manufacturing technologies. Original equipment manufacturers in the automotive
industry are facing challenges of manufacturing, designing, and upgrading
conventional powertrain models to synchronize their manufacturing processes
with the emerging technologies for enhanced consumer satisfaction and better
experiences. On account of this, EMI software would gain traction during the
forecast period.
“North America expected to dominate the EMI market
between 2016 and 2022”
EMI is witnessing a rapid adoption rate across various
industries such as oil and gas, automotive, medical devices, chemicals which is
expected to support the market growth in North America. Further, the presence
of leading market players in this region and increasing government’s
investments is anticipated to fuel the North American market.
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The major players involved in the Enterprise Manufacturing
Intelligence market include ABB Ltd. (U.S.), Honeywell International Inc. (U.S.),
Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), 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).
