Billion Dollar CPM for Discrete Market Will Grow 11.7% Annually
Collaborative Production Management (CPM) solutions provide manufacturers with the means to plan, control, and operate their processes. These systems are production-centric, encompassing all of the needed functionality within the plant and across multiple plants.
Extreme competitive pressures are driving manufacturers to improve visibility, quality, customer responsiveness, and regulatory compliance. It is increasingly difficult for plant managers to deliver needed performance results. Manufacturers look to CPM systems to give them the needed real-time visibility and automated business processes to improve quality and operational performance.
The industrial or manufacturing sector is diverse, highly competitive, and increasingly dynamic. IT and manufacturing IT have become critical technologies for companies wishing to compete successfully in the sector. Three important drivers create pressure within manufacturers for CPM solutions: global competition, perfect product, and regulatory pressure. Despite the difficult economy, these factors are driving growth in all segments of the CPM for discrete industries market.
Strategic Issues
The CPM for discrete industries market is diverse in several dimensions including industry focus, application breath, technologies, size, and geography. There are both established participants (focused best of breed and part of larger businesses) and relatively new entrants. ARC expects shifting market dynamics as CPM systems continue to align with the needs of particular discrete vertical industries. This study will help to answer questions such as:
- How is the CPM-D market changing?
- Has the CPM-D market recovered from the recession?
- Why is a global presence important?
- Will new business models be needed?
