Allied Market
Increases demand for high quality, performance, & time-to-market, along with increased regulations on food & drug safety application drives the growth of market
PORTLAND, PORTLAND, OR, UNITED STATES, March 9, 2022 /EINPresswire.com/ — Rise in demand for enhanced production among enterprises and increase in importance to improve quality products are the major factor that drive growth of the market. In addition, surge in need by organizations to improve customer satisfaction fuels growth of the market. However, lack of technical expertise to manage these complex software hampers the market growth. Furthermore, highly advanced applications and extended R&D facility centers across the globe are expected to provide lucrative opportunities for the global batch management software market.
Asia-Pacific is expected to witness significant growth in the batch management software market, owing to the growth in demand from pharmaceuticals, cement & glass, food & beverages, and chemical industries and surge in adoption of batch management software among enterprises for efficient production.
Major industry players – ABB Ltd., Aspen Technology Inc., Emerson Electric Co, General Electric Co., Honeywell International Inc., Invensys plc, Rockwell Automation Inc., Siemens AG, Systems AG., SAP AG, Werum Software, and Yokogawa Electric Corp.
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The report offers key drivers that propel growth in the global batch management market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
COVID-19 Scenario Analysis:
• Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global batch management software market in 2020.
• Though governments have imposed lockdowns to contain spread of the virus, manufacturing and production units are at halt across the globe, which can affect the batch management software market in the short run.
• Batch management software is expected to aid certain sectors during the COVID-19 situation such as FMCG and pharmaceuticals. The pharmaceutical sector has witnessed a rise in the current situation to manufacture medicines used in the treatment of the disease. Batch management software would help to maximize this production and increase operational efficiency without compromising with on quality.
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