|By PR Newswire||
|April 17, 2014 02:59 PM EDT||
DUBLIN, Ireland, April 17, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gh5zr2/global) has announced the addition of the "Global Manufacturing IT Spending Market Report" report to their offering.
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The analysts forecast the Global Manufacturing IT Spending market to grow at a CAGR of 5.54 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to establish a robust networked infrastructure. The Global Manufacturing IT Spending market has also been witnessing the increasing government initiatives. However, the highly volatile customer demand could pose a challenge to the growth of this market.
The report, the Global Manufacturing IT Spending Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Manufacturing IT Spending market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The Manufacturing industry is largely focusing on increasing the overall quality of its products. The latest trend in this direction has been wide usage of advanced materials to increase the tensile strength, reduce the wear and tear, and impart more flexible movement to the products.
Embedding advanced materials in existing product materials necessitates a calibration and feasibility test, which requires extensive usage of IT. IT usage reduces the wastage cost to a large extent and helps in speeding up the decision-making process. The reason for the wide usage of advanced materials in the product design is the customized client requirements, which will lead to better growth prospects in the coming years.
According to the report, one of the major drivers is the need to establish robust infrastructure. Manufacturers are increasing their market share by building robust IT infrastructure, which enables them to reduce the overall cost of production and increase their learning curve in terms of product quality, process management, and product development.
Further, the report states that one of the key challenges is the highly volatile consumer demand. Since IT spending by manufacturing industries is allocated in terms of a fixed percentage of their annual sales, any decline in sales results in tight control of IT spending by manufacturers. The consumer demand has been highly volatile in the last few years, reflecting the ambiguous mood of the market. Manufacturers are therefore compelled to curb their IT spending for the coming financial years
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. Market Segmentation by Application
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- Accenture Corp.
- Acer Corp.
- Apple Inc.
- Cisco Systems Inc.
- Dell Inc.
- Fujitsu Corp.
- HCL Technologies Ltd.
- Hewlett-Packard Co.
- Hitachi Ltd.
- IBM Corp.
- Lenovo Corp.
- Microsoft Corp.
- SAP AG.
For more information visit http://www.researchandmarkets.com/research/gh5zr2/global
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets