Process manufacturing market growth predicted

The Collaborative Production Management for Process Manufacturing (CPM-P) market will approach $2 billion by 2008, a recent ARC Advisory Group study shows.


The Collaborative Production Management for Process Manufacturing (CPM-P) market will approach $2 billion by 2008, a recent ARC Advisory Group study shows. (CPM software systems are considered to be those that support and manage production activities by coordinating all manufacturing data related to operations.) The increase gives the market, which exceeded $1.1 billion in 2003, an 11% compound annual growth rate.

"Demand for CPM-P solutions has been relatively strong for the past couple of years despite the economic slowdown that has plagued much of the world," said Tom Fiske, Ph.D., Senior Analyst and author of the study. "This remarkable feat clearly demonstrates the value CPM-P solutions provide to end-users. Growth of CPM-P systems will accelerate over the next several years as CPM-P systems evolve to support users’ growing requirements to achieve exceptional performance-driven manufacturing environments," he continued.

CPM software gives process manufacturers the means to plan and schedule, track and analyze, and direct and operate their systems on a continual basis. Tangible benefits include increased throughput; reduced use of energy and raw materials; less waste generated; improved safety, quality and efficiency; and reduced costs.

A major trend supporting the growth of CPM systems, ARC says, is the enthusiastic adoption of strategic initiatives that focus on creating a performance-driven manufacturing environment. Initiatives such as real-time performance management (RPM) are helping companies optimize the enterprise by improving asset and resource utilization along with decision-making processes. CPM systems are critical to achieving these initiatives and are becoming the vehicle for increasing efficiency and gross margins.

Click here to read more on this topic .

—Jeanine Katzel, senior editor, Control Engineering,

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me