CPM For Process Manufacturing Market To Grow Nearly 12% Annually
Oct. 19, 2005
The construction of new plants in developing regions is the driving force behind the increase in the Collaborative Production Management Market for Process Manufacturing (CPM-P). This segment of manufacturing solutions is expected to grow at a compound ...
The construction of new plants in developing regions is the driving force behind the increase in the Collaborative Production Management Market for Process Manufacturing (CPM-P). This segment of manufacturing solutions is expected to grow at a compound annual growth rate of nearly 12% over the next five years. In 2005 the market is approximately $1.3 billion and is forecasted to reach nearly $2.3 billion in 2010, according to a new study by the ARC Advisory Group.
"As global competition increases, existing manufacturing facilities are under incredible pressure to improve their return on assets. To achieve higher levels of performance, these plants are adopting more CPM solutions that better link manufacturing operations with business objectives, that increases their flexibility and agility and that synchronizes their supply chain operations," explains Tom Fiske, senior analyst and author of the report 'CPM Systems for the Process Industries Worldwide Outlook'.
