Batch Management Software Market is expected to grow at a CAGR of over 7%. Rising demand for enhanced production and importance to quality is expected to drive the market growth over the period. Food and beverages, chemicals, Pharmaceutical and biotech industries are the major users of batch management systems. However this software is also significant in mining and metals, cement and glass, pulp and paper.
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The key driving factors responsible for the growth of Batch
Management Software market :
To maintain customer satisfaction
and loyalty in order to reduce the risk of product recall is anticipated to
drive the batch management software market. The growing importance of social
media through which consumers can easily share their opinions and criticism
regarding the quality of the product. This may affect the reputation of the
company and can be an important differentiation in a very competitive market.
Increase importance of time to
market is also expected to stimulate the demand for batch management software.
In a time based competition, length of time taken from generation of an idea to
the finished product is critical for a reduced production cycle time. By
reducing the total time needed for a product to reach the market the consumers
will be able to purchase it, thus making the company more profitable in a short
span of time. Batch management software helps in reducing the time to market
and reduce the speed to market for development of new products which is very
efficient in pharmaceutical and biotech industries particularly.
Increased regulation on food and
drug safety play a major role in the market. According to title 21 Part 11 of
the food and drug administration (FDA) which implies that all the processes
audits, controls, system validations, electronic signatures and documentation
are to be maintained in electronic format by all the pharmaceutical industries,
biotech companies, medical device manufacturers and other FDA regulated
industries. Through the batch management software, all the companies will be
able to make traceability information of products available to the authorities
on demand.
Maintaining the system would be a
major restraint for the batch management software. One on staff expert or two
can maintain a simple batch application, however it becomes difficult to manage
the software or the codes with a single expert as the complexity increases .Non
availability of skilled workforce can restraint the company to proceed with the
processes. Batch manufacturers need to shift to more advanced batch
applications to be more efficient and cost effective. They need to be more
responsive to the consumer needs and produce products more economically.
Evolution of business system
integration will help the batch management software products and their market
size. Closer integration with business systems, implementing analytical
technologies and use of different working models and workflow engines
anticipate major changes that will shape batch management products.
Governments in developed
economies are replacing custom batch solutions with other basic software. The
manufacturers are enhancing the use of their systems while associating production
by attempting to maintain product flexibility. There is a continuous growth in
consumer goods and durables which leads to high demand for quality and variety
increasing the implementation of Batch management software. Many of the
manufacturing facilities have little to no automation infrastructure and are
primarily operated manually. These factors enhance the deployment of BMS
systems globally.
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