Analysis of the Global Engineering Information Management Solutions Market
Frost & Sullivan defines engineering information management (EIM) solutions as software solutions that enable the turnkey management of all engineering asset information for industries that are extremely process-focused, such as energy, healthcare/pharmaceuticals, chemicals, mining, and industrial manufacturing.
EIM is a combination of multiple capabilities—as a result, its functionality overlaps with complementary solutions including enterprise content management, records management, file management, document management, inventory control, contract management, supply chain management, and enterprise resource planning (ERP).
The broadening scale of capital projects across the energy and infrastructure and construction industries, combined with the compliance demands imposed by stringent regulatory environments in the pharmaceuticals, chemicals, and utilities industries, are driving demand for centralized, consistent information management solutions. The deployment flexibility offered by hybrid and cloud models, and the ability of EIM solutions to integrate with other widely used enterprise solutions such as SAP, computer-aided design (CAD), and collaboration platforms including Microsoft Sharepoint, help maximize operational efficiencies, driving EIM sales.
About this report
There is a vast, untapped market for engineering information management (EIM) solutions, driven by the needs of industries that are complex, process driven, and regulated, and that actively seek cost savings and efficiency. This study examines the global EIM solutions market, including drivers and restraints and industry challenges. It provides global and regional revenue forecasts and assessments, breakdowns by vertical, and the competitive landscape. The base year is 2014; the forecast period is from 2015 to 2021. Predictions about the market and recommendations for participants are included. Information has been obtained from primary research, including interviews with market participants and customers, and secondary research.
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