Enterprise manufacturing intelligence or EMI is also recognized as manufacturing intelligence (MI). It is a system that provides an organization with the relevant manufacturing data. Its main aim is to provide the real data sourced from multiple platforms. It uses a variety of sources to derive the data. EMI integrates, connects and unifies different data sources including Enterprise Resource Management (ERP), Manufacturing Execution System (MES), Advanced Planning and Scheduling (APS), Quality Management System (QMS), Laboratory Information Management System (LIMS), and others into one accessible analytical data model that provides many capabilities to explore & drill down into contextualized data.
The worldwide enterprise manufacturing intelligence market is likely to offer additional benefit of planning & implementing decisions from floor level to the enterprise level. This is expected to propel the global EMI market considerably. In addition, enterprise manufacturing intelligence system provides operational superiority & quality collaborations across all levels in an organization, which in turn fuels the worldwide enterprise manufacturing intelligence market.
As per analysis, “Global Enterprise Manufacturing Intelligence(EMI) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” some of the renowned players operating in the global enterprise manufacturing intelligence market include Wonderware Benelux, Prevas, Wonderware, Schneider, Iconics, Epicor, Maverick, Apriso, Rockwell, Linium and among others. To enhance their market position in the global enterprise manufacturing intelligence market, the major players are focusing on adopting numerous strategies including recent developments, product innovation, mergers & acquisitions, joint venture, collaborations, and partnership.
Based on type, enterprise manufacturing intelligence market is segmented as process manufacturing type and discrete type. Process manufacturing segment includes oil & gas industries, energy & power industries, chemical industries, pharmaceutical industries, food & beverage industries and others. Additionally, discrete type segment includes medical devices, automotive, aerospace & defense and semiconductor & electronics. In addition, based on application, market is segmented as internet, chemical, mechanical, electronics and others.
The enterprise manufacturing intelligence market is driven by increase in complexities in the supply chain process, followed by rise in need for enhanced operational efficiency, intensifying competitive scenario among manufacturers and rise in emphasis on regulatory compliances. However, high costs associated with integration and high initial investments for the implementation of EMI may impact the market. Moreover, growth in implementation of EMI in small & large scale enterprises for sustainable production and growth in economy are key opportunities for market. Furthermore, poor IT networks and infrastructure for the implementation of EMI is a major challenge for market.
Based on regional analysis, the North-America is a leading region in global enterprise manufacturing intelligence market owing to presence of large existing industrial base and increase in government regulations across the region. The Europe and Asia-Pacific regions are expected to witness higher growth rate due to growth in adoption of EMI to increase operational efficiency during the forecast period. It is anticipated that future of the global enterprise manufacturing intelligence market will be optimistic because of increase in penetration & utilization of EMI software across end-use industries during the forecast period.
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Ankur Gupta, Head Marketing & Communications