In Europe, the industry of manufacturing is set to be the main engine for the economic growth of the region. It deliver the huge business opportunities for domestic and international players and also a bundle of employment opportunities. Not only has this, in the present era, the acceptance or implementation of most of the new and innovated technologies has been transforming the landscape of the manufacturing industry. Over the coming years, this region is anticipated to become the manufacturing powerhouse because of the growing government initiatives, implementation of the Industrial Internet of Things, mergers and acquisitions and strategic collaboration in the industry of manufacturing. Furthermore, the skilled resources, good infrastructure connectivity, and growing economic conditions in major countries (e.g. Poland) have made the manufacturing industry to be highly competitive and also brought a bundle of business opportunities for SMEs and larger enterprises. The key players of this market are dominating the huge market share in the region with the adoption of new and effective technologies for providing more livelihood and employment to the population which further proved to be beneficial for leading the fastest market growth in the near future.
According to the report analysis, ‘Europe Enterprise Manufacturing Intelligence Market 2016-2022’ it is states that there are several key players which are recently functioning in this sector more significantly for dominating the huge market share in this region with the significant development in the technology includes ABB Ltd, Rockwell Automation, Siemens, Schneider Electric SE, General Electric GE, Oracle Corporation, SAP SE, Honeywell Inc, HP Inc, Iconics Inc, Parsec Automation Corp, Acumence Inc. Moreover, the larger enterprises are shifting towards the implementation of sensor technologies in internal and external (plants) business premises in order to process the real-time information about their manufacturing procedures. Not only has this, the manufacturing industry remains as an attractive industry for stakeholders (service providers, solution providers, technology providers, etc.). Hence, in the near future the market of enterprise manufacturing intelligence will rise more effectively.
Additionally, the manufacturers are required to have a complete brightness of their whole manufacturing operation units in direction to admittance the real-time information, decrease the operation costs, and to take effective decisions to reach their business level. However, the growing acceptance of smart technology/sensor technology and robotics will further boom up the implementation rate of EMI.
The Europe EMI market is anticipated to increase at a CAGR of 18.3% during the forecast period 2016-2022. Moreover, the market of Enterprise manufacturing intelligence in Europe is segmented into four segments which includes product type, enterprise type, industry type, and countries. The product sector covers software and services. The services sector is further split into consulting services, integration services, and maintenance services. Whereas, on the basis of geography, the market of this is spread across the Europe which include Germany, the UK, Poland, Italy, France, the Netherlands, and Czech Republic. Furthermore, the rising massive amount of data in manufacturing industries, limited government regulations and growing investment in new innovations and acceptance of advanced technologies have led the requirement of EMI. Hence, in the coming years, it is expected that the market of enterprise manufacturing intelligence will increase more effectively in Europe over the recent few years.
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