Enterprise Manufacturing Intelligence Market Analysis

Enterprise Manufacturing Intelligence Market Analysis

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Based on offering, the market is segmented into software and services. The services segment is the fastest growing and is anticipated to expand at a CAGR of over 14.5% between 2024 and 2032.

• The rapidly evolving industrial landscape is prompting enterprises to navigate the complex terrain of digital transformation with a keen eye on future-readiness and sustainability. As the demand for innovative solutions intensifies, leaders in the enterprise manufacturing intelligence market are providing solutions in the form of specialized end-to-end service to accelerate digital transformation, strategic planning, and implementation for industrial manufacturing process. For instance, in February 2023, Schneider Electric launched its industrial digital transformation services during the 27th Annual ARC industry leadership forum. The specialized global service is designed to help industrial enterprises achieve future-ready, innovative, sustainable, and effective end-to-end digital transformation.

Based on end-use industry, the market is divided into process industry and discrete industry. The discrete industry segment dominated the market with a share of over 80% in 2023.

• The trend toward agile manufacturing, characterized by flexibility, customization, and rapid response to market demands, is fueling the adoption of enterprise manufacturing intelligence solutions in the discrete industry. Manufacturers require real-time visibility and intelligence to adapt quickly to changing customer preferences, optimize production schedules, and minimize lead times. The growth and interest in AI is encouraging organizations to leverage different automation processes which provides advantage in decision making, allowing enterprises to streamline and optimize their processes and drive worker productivity. For instance, in October 2023, Rockwell Automation Inc. and Microsoft Corp. extended their longstanding relationship to accelerate industrial automation design and development through generative AI (Gen AI). Companies are combining technologies to empower the workforce and accelerate time-to-market for customers building industrial automation systems. The collaboration led to the addition of Microsoft’s Azure OpenAI service into Factory Talk Design Studio to deliver and shape the future of technology in industrial automation.

The enterprise manufacturing intelligence market is experiencing a significant surge in the Asia Pacific region, with a projected CAGR of over 14.5% from 2024 to 2032. The heightened awareness of the importance of data-driven decision-making in manufacturing, increasingly stringent regulations, and the growing demand for sophisticated intelligence solutions across the automotive, consumer electronics, food & beverage sectors are spurring market growth.

Leading countries, such as China, Japan, and South Korea, are driving this growth trajectory, leveraging their technological and industrial capabilities to propel the adoption of EMI solutions. Factors contributing to the demand for enterprise manufacturing intelligence systems in these countries include rapid industrialization, infrastructure modernization initiatives, and increased focus on optimizing operational efficiency and quality control.