Adoption of Enterprise Applications and Growth in Manufacturing Sector Propels Market in Asia
Strong growth continued in 2007 for the Enterprise Solutions Market for Process Industries in Asia due to robust investments in the process manufacturing industries. Asian countries, such as China and India�s GDP grew robustly as exports and investments accelerated. However, the pace has slackened due to the global recession.
Mounting input costs and competitive pressures entail greater application of automation and enterprise solutions in manufacturing and supply chain of the enterprise. To be agile and quickly respond to market demands in a competitive environment, process industry manufacturers are beginning to transform their enterprise that is geared towards better quality deliverance, better asset management, lowering of operational costs, and achieving operational efficiency. These have led to adoption of process enterprise solutions such as Collaborative Production Management (CPM), Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Laboratory Information Management Systems (LIMS), Warehouse Management Systems (WMS), and Transportation Management Systems (TMS). Global suppliers of enterprise solutions have clearly shifted their focus to Asia and consider growth potential to be the best in coming years. This study covers software, and services for enterprise applications, including CPM, ERP, EAM, LIMS, PLM, SCP, TMS, and WMS. This study also identifies growth segments and market trends, as well as challenges suppliers face to achieve growth in this highly competitive environment.
Strategic Issues
The challenge for the enterprise application market in Asia is how suppliers can differentiate themselves and continue to offer increasing value propositions to users. This is especially important because the market is expected to grow rapidly, as users in many process industries have recognized the benefits of enterprise applications. This study provides a number of recommendations, such as:
- Which strategies create differentiation
- Which specific industry sectors should be targeted in this fiercely competitive market
- How to address the business issues of users of enterprise applications
- How to leverage existing investments in ERP, SCM, and CPM, and enhance their value
