Engineering Information Management (EIM) Systems Market
Effective engineering information
management (EIM) is the key to efficient operations. Engineering information management
improves productivity, reduces risk, and minimizes downtime. EIM system is a
highly cost-effective profitability enhancement and risk mitigation tool, from
pre feed to delivery and throughout the entire cycle of an operation. These
systems deal with considerable volume of data, as they have to perform various
management activities such as, management of records, data, reports and others.
EIM systems play a vital role in assisting companies to control, manage,
secure, and track their engineering assets. Process intensive industries, such
as mining, chemicals, and energy, have been engaged by engineering information
management systems. Development in the engineering information management (EIM)
systems market comes from implementation of software-as-a-service (SaaS)
solutions for digital transformation and industries transitioning to an entire
computer-aided strategy for workflows.
Major
Key Players of the Engineering Information Management (EIM) Systems Market are:
Autodesk, Inc., Aveva Group plc, Bentley Systems
Incorporated, BlueCielo an Accruent Company, Cadac Group, Everteam, HEXAGON,
OpenText Corp., Opidis Idox plc., SAP SE, and Synergis Technologies LLC. These
companies offer various engineering information management solutions such as
telecom expense management, enterprise Content Management (ECM), Digital
Process Automatione, Customer Experience Management (CEM), B2B Integration and
EDI, Discovery, for different
industries.
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EIM systems drive operational efficiencies,
improve cross team relationship, reduce wastage, and save costs. Real-time data
and information management also drives the market, as it involves
process-centric business approach. The boost in engineering information
management systems revenue is observed due to quick executive decision
formulation and enhanced regulation and governance. EIM systems helps
organizations improve productivity, reduce effort replication and downtime,
which leads to cost reduction.
This, in turn, boosts adoption of the
systems EIM systems also provide back-up and archival support for the data they
are dealing with. Moreover, prompt disaster recovery is also offered, which
enhances business continuity, leading to the expansion of the market.
Intelligent and reliable collection of information makes the process easier,
which is a key factor driving the EIM systems market. Furthermore, companies
such as AVEVA Group plc provide intelligent systems for EIM, thereby fuelling
the market. Test request management, test system configuration management,
engineering data analysis, data traceability and management,
statistical process control along with asset and resource management are
provided by EIM systems, thus reducing expenditure on manpower in industries.
The study is a source
of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional
analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru,
Chile, and others)
- Western Europe (Germany, U.K., France,
Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN,
Australia, and New Zealand)
- Middle East and Africa (GCC, Southern
Africa, and North Africa)
The report has been
compiled through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which entails
reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by
analyzing data gathered from industry analysts and market participants across
key points in the industry’s value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic indicators,
and regulations and mandates is included under the purview of the study. By
doing so, the report projects the attractiveness of each major segment over the
forecast period.
Highlights of the
report:
- A complete backdrop analysis, which
includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or
third level
- Historical, current, and projected size of
the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry
developments
- Market shares and strategies of key
players
- Emerging niche segments and regional
markets
- An objective assessment of the trajectory
of the market
- Recommendations to companies for
strengthening their foothold in the market
Research
objectives:-
– To study and analyze the global Engineering
Information Management (EIM) Systems consumption (value & volume) by key
regions/countries, product type and application, history data.
– To understand the structure of the Engineering Information Management (EIM)
Systems market by identifying its various sub-segments.
– Focuses on the key global Engineering Information Management (EIM) Systems
manufacturers, to define, describe and analyze the sales volume, value, market
share, market competitive landscape, SWOT analysis, and development plans in
the next few years.
– To analyze the Engineering Information Management (EIM) Systems with respect
to individual growth trends, future prospects, and their contribution to the
total market.
– To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
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In the end, Engineering Information
Management (EIM) Systems industry report specifics the major regions, market
scenarios with the product price, volume, supply, revenue, production, and
market growth rate, demand, forecast and so on. This report also presents SWOT
analysis, investment feasibility analysis, and investment return analysis.
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