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Home » Collaborative Production Management for Process Manufacturing Market to Grow 14% Annually

Collaborative Production Management for Process Manufacturing Market to Grow 14% Annually

ARC_Advisory_Group_05.jpg
May 21, 2008
From ARC Advisory Group

The Collaborative Production Management Market for Process Manufacturing (CPM-P) is expected to grow at a compound annual growth rate (CAGR) of about 14% over the next five years. The market was slightly greater than $1.9 billion in 2007 and is forecasted to exceed $3.6 billion in 2012, according to a new ARC Advisory Group study.

For the past several years, the demand for CPM-P solutions has been strong and accelerating. In fact, 2007 experienced one of the largest increases in a long time. "The market grew by an unprecedented amount last year. Many factors contributed to the stellar growth including continued economic success, the shifting of funds for corporate business systems to plant systems, greater integration and interoperability of systems, and the need for companies to improve real-time plant performance visibility," said Senior Analyst Tom Fiske, Ph.D., the principal author of "Collaborative Production Management Systems for the Process Industries Worldwide Outlook".

The emphasis of IT investment is shifting from ERP systems to manufacturing systems. Historically, each plant would run autonomously and purchased production applications as part of a tactical point solution. However, with the proliferation of standard IT technology into operations and the increased importance and focus on manufacturing things are changing.

Many organizations are forming teams to facilitate collaboration between corporate IT and manufacturing automation groups. Even the CIO and other executives are getting more involved in the manufacturing IT decision-making process. Organizations are looking at the enterprise as a whole and making strategic purchasing decisions to rollout common applications across all of its facilities. Part of the goal is to find common ways to solve widespread business challenges. Another part of the goal is to lower the total cost of ownership by decreasing deployment efforts and reducing the number of applications that need to be supported and maintained. The necessity to find ways to make systems more similar and more standardized within the framework of their IT infrastructure is contributing to the high growth of CPM applications.

Companies in a variety of industries face a wide array of challenges, not the least of which is complying with the continually evolving and increasingly more stringent state, federal, and international environmental standards and regulations. The traditional approach of relegating the responsibility for compliance to a specific organization, group, or person for a specific regulation has proved to be insufficient and ineffective. The industry is looking at all business and regulatory requirements together in order to develop a more comprehensive, cross-departmental, and enterprise-wide approach to building a common automation infrastructure, common business processes, and a company culture that will be robust, cost effective, and sustainable enough to meet the growing demands of a global manufacturing and regulatory environment. In order to satisfy increasingly stricter regulations, companies are turning to their collaborative production management systems, as a way to facilitate compliance while meeting business needs.
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