As cited by the business intelligence report titled ‘Global Enterprise Manufacturing Intelligence Market Size study, by Application (Data Integration, Analytics and Analysis, Visualization), by End-User (Aerospace and Defense, Automotive, Electronics, Chemical, Food and Beverage, Pharmaceutical, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global enterprise manufacturing intelligence market was worth USD 2.4 billion in 2019 and is estimated to exhibit 17.1% CAGR over 2020-2027, subsequently reaching a valuation of USD 8.5 billion by the end of the forecast timeframe.
 

Worldwide enterprise manufacturing intelligence market growth is largely driven by rising demand for enhanced operational efficiency along with growing integration of big data across various verticals. Shifting preferences of the manufacturing sector from conventional approaches towards digitized methods, followed by increasing deployment of smart automation technologies are further accelerating market expansion.
 

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For those uninitiated, enterprise manufacturing intelligence, abbreviated as EMI, is a software used for assembling and presenting manufacturing-associated data for efficient decision making. The software is capable of analyzing several manufacturing aspects such as quality, capacity, resources, and production costs, which further stimulates the product demand.
 

On the contrary, high costs associated with the implementation of the software will continue to hinder industry growth during the analysis timeframe.
 

Speaking of application spectrum, global enterprise manufacturing intelligence market is categorized into visualization, analytics & analysis, and data integration.
 

Moving on, the end-user terrain of the industry comprises pharmaceutical, food & beverage, chemical, electronics, automotive, aerospace & defense, and others.
 

Elaborating on the regional outlook, North America holds a substantial portion of global enterprise manufacturing intelligence industry share and is anticipated to amass considerable gains through 2027. High concentration of market vendors and early adoption of cloud-based EMI are contributing to the regional industry remuneration.
 

On the other hand, Asia-Pacific market is slated to grow exponentially over the forecast period, on account of surging demand for automation solutions across end-use industries in emerging nations such as India and China and rapid development in the manufacturing sector of the region.
 

Key participants in global enterprise manufacturing intelligence market sphere are Honeywell International Inc., ABB Ltd., Rockwell Automation Inc., SAP SE, Siemens AG, AVEVA Group PLC, Aspen Technology Inc., Emerson Electric Co., Dassault Systemes SE, and General Electric Co.