Chennai: As costs increase, and competition intensifies, manufacturers are updating and automating their business processes. IDC Manufacturing Insight predicts the India manufacturing IT spending to grow to $8.78 billion by 2016, which will be double the manufacturing IT spending of 2011. This represents a cumulative average growth rate of 14.5% between 2012 and 2016. The sector with the highest IT spends in the Indian manufacturing sector in 2012 is automotive, which is followed by chemicals and consumer products.
The report covered 13 industry sectors within 14 countries across the Asia/Pacific (excluding Japan) region.
"With increasing costs and uncertainty in the world economy, manufacturers across the region are increasingly focusing their efforts on productivity and efficiency in 2012,"said Dr. Christopher Holmes, head - international, IDC Manufacturing Insights.
"There is increased interest in looking beyond ERP, as companies seek to leverage technology to deliver value to the enterprise. We are also seeing increased interest in newer technologies such as business intelligence and mobile within manufacturing enterprises, as companies seek to leverage these for enhanced productivity."
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