"High levels of industrial automation and the push for increased operational efficiencies has resulted in technology investments that aid in mitigating productivity-related challenges," says Sampath Kumar Venkataswamy, Research Manager, IDC Manufacturing Insights.
"Systems integration and consolidation remains one of the top investment areas for most manufacturing organisations that are on the path of implementing smart manufacturing platforms. The push to increase visibility on the shop floor and across the value chain will continue to drive the corresponding technology investment efforts in applications such as customer relationship management (CRM), supply chain management (SCM) and predictive analytics."
APeJ IT spending in manufacturing is dominated by the high tech equipment sector, followed by chemical and the automotive industry. From a technology perspective, the spending on IT services is expected to reach over US$14 billion by 2020 while software related spending is expected to grow at 6.91% CAGR for the same period and reach over US$12 billion. Software spending includes engineering applications, operations management and SCM software. However, IDC expects lower growth for hardware related spending and is expected to reach only US$9.4 billion by 2020.
"The China manufacturing industry IT spending market will grow at a steady pace. This is driven by the initiative of digital transformation of manufacturing enterprises, which requires the manufacturers to shift more emphasis on IT applications. The increasing adoption of 3rd Platform technologies (cloud, big data, social, and mobility) is unlocking the potential of traditional IT applications. The deployment of innovation accelerators (Internet of Things, 3D printing, and robotics), coupled with the integration with operations technologies (OT) will drive a revolution across manufacturing operations, as companies seek to gain the advantages of Industry 4.0 and Made in China 2025," says Yves Wang, Senior Research Manager, IDC Manufacturing Insights, China.
Manufacturing-related initiatives specifically in China, India and the ASEAN countries will lead to increase in technology spend to as much as US$29 billion by 2020, or which accounts to nearly 80% of the APeJ IT spend.
The Asia/Pacific (Excluding Japan) IT Spending Guide 2016-2020 measures investments on systems integration, IT outsourcing, application development/deployment, ERM, networking equipment and security at Asia Pacific level across fourteen countries and thirteen key industries.
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