Electronic products have a shorter lifecycle, as a result, electronics manufacturers need to be able to introduce new products and processes quickly and efficiently to deal with economic volatility and variable demand which causes fluctuations in production. This requires better communication between all departments, formalized processes that are tried and tested, and control measures in place to keep inventory aligned with demand. Electronics manufacturing software provides the complete solution from component sourcing, manufacturing, quality maintenance to supply chain management. It makes the operations smooth and profitable. The ideal solution must reduce departmental barriers and allow information sharing and process automation across the enterprise.This growth is primarily driven by Growing Demand from Electronics Manufacturing Industry owing to the High Economic Volatility and Changing Customer Demand, Increasing Challenges Faced by Manufacturers such as Short Product Life Cycle, High Levels Of Obsolete Inventory, and Complex Supply Chains and Changing Trends in Electronics Sector Results in High Need for Innovative Products.
Globally, a noticeable market trend is evident Open Source, Modern and Do it Yourself ERP for Electronics Manufacturers
. Major Players, such as Dassault Systems (United States), Sage Group plc (United States), Deskera (Singapore), Intellial (India), Epicor (United States), Infor (United States), Global Shop (United States), VAI (United States), Abas ERP (United States) and Expandable Software, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2018, Dassault Systèmes has announced that it has entered into a definitive agreement to acquire IQMS, a leading manufacturing ERP software company. With the acquisition of the California-based IQMS, Dassault Systèmes extends the 3D Experience platform to small and midsized manufacturing companies seeking to digitally transform their business operations.
On January 30, 2019, Infor, a global leader in business cloud software specialized by industry, has announced speed, flexibility, and agility-based enhancements to four of its enterprise resource planning (ERP) systems: Infor LN, Infor CloudSuite Automotive, Infor CloudSuite Aerospace and Defense (A&D), and Infor CloudSuite Industrial Enterprise.
- Growing Demand from Electronics Manufacturing Industry owing to the High Economic Volatility and Changing Customer Demand
- Increasing Challenges Faced by Manufacturers such as Short Product Life Cycle, High Levels Of Obsolete Inventory, and Complex Supply Chains
- Changing Trends in Electronics Sector Results in High Need for Innovative Products
- Open Source, Modern and Do it Yourself ERP for Electronics Manufacturers
- Automation, Integration, Visibility, and Cross-Communication across Your Entire Supply Chain
- Lack of Awareness in Industry and Features Provided by Vendors
- Low Organizational Budget
Growing Demands for Creating Innovative Products and Uplifting Efficiency and Maintaining Supreme Quality, Positive Growth of Electronic Industry for the Last Couple of Years and Change in Dynamics in Electronic Manufacturing Sector such as Industry 4.0
Rapid Shift in the Market and Competitive Price
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