PAM and PLM Emerge as Indispensable Advanced Management Solutions in Highly Competitive European Industrial Markets, Finds Frost & Sullivan
Summary
The market value of PAM and PLM is expected to reach 506.6 and 4331.4 million, respectively, in 2017 London, United Kingdom, January 11, 2012 --( Together, they constitute an advanced management solution essential to achieve a sustainable enterprise framework for the 21st century.“Regulatory compliance, increased safety, enhanced design innovation and production processes are cornerstones for the growth of advanced management solutions in Europe,” notes Frost & Sullivan Senior Research Analyst Karthik Sundaram.“The development of a scalable solution that is secure, safe and reliable can be achieved by integrating enterprise resource planning (ERP), management execution systems (MES) and PLM,” concludes Karthik.It is estimated that the market value of PAM and PLM will reach €506.6 and €4331.4 million, respectively, in 2017.“Regulatory compliance, increased safety, enhanced design innovation and production processes are cornerstones for the growth of advanced management solutions in Europe,” notes Frost & Sullivan Senior Research Analyst Karthik Sundaram.The need for a joint framework of enterprise application and production automation will present a challenge to this market in the coming years.“The success of advanced management solutions will be driven by flexibility, scalability and security,” explains Karthik.