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Analysis of the Global Smart Plants Market

  • December 2013
  • -
  • Frost & Sullivan
  • -
  • 91 pages

Summary

Table of Contents

Five Key Building Blocks Structure the Future of Manufacturing and Production

The manufacturing and production industry is set for radical transformation spurred by 5 key forces (the cloud, Big Data, analytics, virtualization, and the Internet of Things). These technologies will sustain the future manufacturing community and ensure sustainable growth and profitability. This study investigates the impact of these forces on process industries (oil and gas, chemicals, pharmaceuticals, and mining and power) and analyzes how their overlap will serve smart plants through integrated solutions. Chapters follow a first, second, and third base format: 1. Business Insight (understanding the industry), 2. Growth Insight (understanding opportunity), and 3. Profit Insight (understanding strategies). The base year is 2013.

Executive Summary

Going Digital, an Industry Perspective: Future Applications Drive Process Industries towards the Cloud
Riding the Wave, Cloud is the Only Way Out: The Lure of Cost-based Optimization and Real-time Insights Based on the Visibility of a Traced Supply Chain Causes End Users to Rely on the Low-cost Cloud Platform
The Big 5 Trends: Internet of Things, Big Data, Virtualization, Analytics, and Cloud Drive the Solution Sets of the Future

What are Mega Trends and Micro Booms?

Mega Trends: Mega Trends are global, sustained, and macroeconomic forces of development that impact businesses, economies, societies, cultures, and personal lives, thereby defining our future world and its increasing pace of change. Time frames for Mega Trends are from the current year to 15 years out.

Micro Booms: Contributing to these Mega Trends are many smaller but equally compelling trends that are defined in time frames of 1 year and can offer immediate opportunities for companies that know how to identify and capitalize on them. The Frost & Sullivan IPC team is highlighting these Micro Booms and the opportunities they present.

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