About Engineering Information Management
Effective engineering information management (EIM) is that the key to economic operations. Engineering data management improves productivity, reduces risk, and minimizes period. EIM system could be an extremely efficient profit sweetening and risk mitigation tool, from pre-feed to delivery and throughout the whole cycle of an operation. These systems manage a substantial volume of information, as they need to perform varied management activities like management of records, data, reports, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for Engineering Information Management is fragmented by the key players. Engineering Information Management enhances the productivity of organizations in different applications. Introduction of engineering tools with new process control tools to accelerate data exchange and project outcomes and preference for the close tab on capital expenditure counts and improved efficiency will help key players for growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Engineering Information Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HEXAGON (Sweden), Autodesk, Inc. (United States), Cadac Group (Netherlands), Synergis Technologies LLC (United States), OpenText Corp. (Canada), Bentley Systems Incorporated (United States), Everteam (France) and SAP SE (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Opidis Idox plc. (United Kingdom), Aveva Group plc (United Kingdom), BlueCielo an Accruent Company (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Engineering Information Management market by , Application (Record & Reports Management, Data Management, Change Management, Knowledge Management, Reprographic Services and Document Management) and Region.
On the basis of geography, the market of Engineering Information Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Offering, the sub-segment i.e. Software will boost the Engineering Information Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Chemical will boost the Engineering Information Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Automation with Software Systems in Engineering Information Management and Product Development with Design Data Management and 3D Designs
Market Growth Drivers:
Rising Demand for the Solutions Offering Business Continuity, Test Request Management, Test System Configuration Management, and Engineering Data Analysis
Challenges:
Increase in Expense on Data Security and Threat of Malware Attack
Restraints:
High Installation and Maintenance Costs Hamper Engineering Information Management
Opportunities:
Rising Employment and Usage of Authorized Construction Technology and Rising Usage of Engineering Information Management in Power Generation Industry for Environmental, Performance, and Safety Standards
Market Leaders and their expansionary development strategies
In 2020, Lascom SA and Aptean collaborated to expand their cloud-native solutions offerings in Europe and North America. Through this partnership, Lascom’s PLM and Aptean’s ERP will create strong opportunities for each company regarding Engineering Information Management, to deliver leading capability in innovation management for customers.
In May 2022, – AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has announced that its engineering information management solutions, the core of its digital twin, now deliver greater time and value gains for capital projects and operations.
Key Target Audience
Engineering Information Management System Provider, Software Developer, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.