Batch Management Software Market - Forecasts from 2017 to 2022
Batch management, as the name suggests is the process of managing batch. It is employed in the identification of one lot of production from the other owing to the unique characteristics of the lot. Moreover, batch management software is used to track the lots in the course of their lifecycle or if any complaint or recall issue arises, aids in search of items and helps in deciding which batch would fit a specific requirement. Batch management software helps to schedule, initialize, allocate and coordinate the processing of batches through control system with operator runtime clients as interface and direct functions like material consumption, batch activity and production records to historical database for effective management. Certain alarms and events corresponded with a specific batch are generated in order to notify operators or commence the automated workflow.
The batch management has certain features such as batch number assignment, batch specification, batch status management. A batch is assigned a number which uniquely identifies it under batch number assignment, where each batch can be described uniquely according to the characteristics values under batch specification. Batch status management helps to decide that whether a specific batch is usable or not, and through batch determination, one can look out for the lots that are available in stock with the help of various criteria. Batch management software allows reduction of the time as well as speed required to market the product which is critical for various industries. Many production facilities have little automation or no automation procedures and are predominantly operated manually. The increased need for standard solutions across global production facilities with improved technology and better user-friendly tools drives the global market for batch management software. Moreover, enhanced demand for better production coupled with a key focus on quality also contributes to the market growth. However, high costs to maintain as well as support the system is a key impediment to the adoption of these solutions. Also, lack of availability of skilled workforce to handle critical operations related to the software negatively impacts the market growth.
Batch management software are employed across different process and discrete manufacturing industries, and can also be integrated with various business processes such as manufacturing, sales, procurement and inventory management. Geographically, Asia Pacific region is expected to be one of the major batch management software market segment on account of the expansion of various industries such as chemical, food & beverage and healthcare among many others in the region. Countries like China and India are witnessing rapid development due to the strengthening economy, thus unleashing ample opportunities for the software vendors. Moreover, developed economy such as the US focuses primarily on batch management software in the place of traditional solutions due to a strong growth in consumer goods and durables market.
Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Batch Management Software Market has been segmented by component, industry vertical, and geography as below:
By Industry Vertical
- Food and Beverage
- Pulp and Paper
- North America
- South America
Europe Middle East and Africa
- The Middle East and Africa
- Asia Pacific
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Schneider-Electric, Software Engineering of America, Master Control, Inc and ABB among others.
2. Research Methodology
3. Executive Summary
4. Market Dynamics