Asia/Pacific Manufacturing Sector Expects Further Growth to Continue in 2015 for Asia-to-Asia Trade: IDC Manufacturing Insights
Singapore and Hong Kong, March 3, 2015 – IDC Manufacturing Insights expects further growth in Asia-to-Asia trade to continue in 2015 for the Asia Pacific manufacturing sector compared to flattish trends in trade with developed countries .
According to IDC Manufacturing Insights’ top 10 predictions for 2015 for Asia Pacific, the interest shown by countries like China to invest in the region and the emergence of new governments in some countries will help this trend to continue.
IDC India Principal Research Manager S Ramachandran explains that Asia is no longer an emerging region looking at the maturity of manufacturing practices and digitization in enterprises. Asia/Pacific companies will think and behave as ’emerged’ players and act accordingly.
Product innovation will be a key focus in board rooms. As a result, it will drive enterprise applications to evolve into platforms of innovation and not just digitized work flows.
“The inflation in labor cost coupled with shortage of skilled work force will push for ‘factories of the future’ that are more demand-oriented, data driven and digitally executed. Networks of factories or regional hubs close to market demand will be the norm moving away from single large factories,” says Ramachandran.
He adds that the sector will shift away from the model of traditional capacity and its utilization, to focus on the capability to perform efficient and timely order fulfillment.
The Asian manufacturing sector has also realized the importance of adopting the 3rd platform (cloud, mobility, Big Data/analytics, social) and beyond to what IDC calls the “Innovation Accelerators” [robotics, Internet of Things (IoT), 3D printing, natural interfaces and security].
Ramachandran cautions that it is no longer a technology decision that can be delayed. Cloud-based solutions for supply chain management and associated areas will continue to grow and extend beyond enterprises to suppliers, with mobility for last mile visibility.
“Third platform technologies are not as effective individually as they are when mashed up with each other and existing enterprise applications.”
IDC Manufacturing Insights believes that 3rd platform mashups with analytics driving every key decision will develop further in 2015.
As Asian CIO roles move towards the business and away from day-to-day IT operations, the focus of IT will shift to service management leveraging plug & play services and off-the-shelf applications.
“IoT is no longer a buzz word and is seeing faster adoption compared to other emerging technologies – from the shop floor to fleets of products out in the field. Robotics will become the need of the hour to scale up and match global expectations in terms of product complexity and quality expectations.”
These 10 predictions give an overall perspective on where manufacturing companies and their digitization journey are headed in 2015. It will be important for CIOs and their organizations to observe where the industry is headed and plan their decisions accordingly to stay competitive in the region and globally.
For more information about this report, please contact Sheryl Fuertez at +65-6829-7758 or sfuertez @idc.com.
About IDC Manufacturing Insights
IDC Manufacturing Insights assists manufacturing businesses and IT leaders, as well as the suppliers who serve them in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing asset intensive, brand oriented, technology oriented, and engineering oriented manufacturing industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-mi.com, email firstname.lastname@example.org, or call 508-988-7900. Visit the IDC Manufacturing Insights Community at http://idc-community.com/manufacturing
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
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