CPM Market Experiences Unprecedented Growth
Collaborative Production Management (CPM) solutions are integrated software applications that provide process manufacturers with the means to plan and schedule, track and analyze, and direct and operate their procedures.
For the past several years, the robust economic conditions have spurred the growth of the CPM market. During this period the growth has accelerated; it culminated in 2007 by achieving unprecedented growth over the year 2006.
Contributing to growth of the CPM market is the need for manufacturers to more effectively compete in our ever changing global environment. Globalization creates many new opportunities and challenges. Customers want greater product variety, improved responsiveness, and products that meet local specification. Competing in this arena requires lowering costs, and improving agility, responsiveness, and quality, all with the help of CPM solutions.
Additionally, organizations are looking for common ways of solving business challenges across all their operating assets. The ability to find ways to make systems more similar and more standardized, within the framework of their IT infrastructure, is a key driver for investment in CPM as it lowers total cost of ownership and makes it easier to implement common best practices
Strategic Issues
This study provides an in-depth analysis of the CPM market for process manufacturing by industry segment and geographic region. In addition, it provides insightful analysis of key issues that will affect this market in the future. Strategic issues covered include: