Need to Reduce Time to Market Boosting Adoption of PIMS Software14 Oct 2011 • by Natalie Aster
A recently published report “Plant Information Management System Software Market in the APAC 2010–2014” by Infiniti Research reveals that the Plant Information Management System (PIMS) Software market in the APAC region is expected to grow at a CAGR of 3 percent over the period 2010–2014. The report, which focuses on the APAC region exclusively, indicates that the market is being driven by the growing need among organizations to reduce the time to market.
According to Technavio’s industry analyst, “Any organization today needs effective coordination between multiple departments for effective product delivery. The interactions between these departments have a direct impact on the final time to market for any product. PIMS software has been effectively meeting this demand to enable smoother operations.”
Plant Information Management System Software Market in the APAC 2010–2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that the high initial capital requirement is hindering the growth of this market. However, the need for effective integration among channel partners is expected to keep driving demand. This market is also marked by the increasing number of mergers and acquisitions among vendors. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in the report include Yokogawa Electric Corporation Inc., Honeywell International Inc., Invensys PLC., and Rockwell Automation Inc.
More information can be found in the report “Plant Information Management System Software Market in the APAC 2010–2014” by Infiniti Research.
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