Industrial visual management systems are devices installed in industrial premises to monitor and display the operational status. They raise alarms to help workers in taking the necessary steps and fix abnormal conditions.
Technavio recognizes the following companies as the key players in the global industrial visual management systems market: Red Lion Controls, Seiki Systems, TXM, Visual Management Systems, and Visual Management Technology.Other Prominent Vendors in the market are: PMI, Kanban Tool, Visual Workplace, VisualFactory, iObeya, Think Tank Engineers, and Life Cycle Engineering.Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is On-job training methodologies adopted by industries. Training and enhancing the skills of staff has become a major investment for industry owners.
Such training sessions ease the objectives in order to meet the goals and targets by overcoming the challenges. Visual management becomes the fundamental element for process control that sustains the development and gives immediate access to the workers.
These systems display real-time information about the industrial processes and make the workers aware of the unpredicted incidents. They also present the processes at every corner and help employees learn about the technicality of different devices.
As industrial visual management systems communicate real-time information quickly and clearly, they are the best tools for training workers online.
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According to the report, one of the major drivers for this market is Visual display systems support effective management of industrial resources. The current trend of manufacturing is highly influenced by the nature of resource management.
Maintaining proper inventory and managing the resource cycle is fundamental in attaining maximum profit with minimum capitalization. Industrial visual management systems offer the industry owners a modern approach to add maximum value to the resource consumption paradigm.Further, the report states that one of the major factors hindering the growth of this market is Threat of cyber security.
IoT implemented in industrial visual management systems creates an open platform for accessing data from any place at any time. Thus, data privacy becomes critical.
Securing data transmission in private and public networks is a challenging task for utilities. There exists a requirement of maintaining a highly secure environment to protect data leakages through connected devices.
Interception or tampering of the connections can cause theft of data; hence, vendors must design devices with a high focus on preventing the loss of data during transmission from the site to the screen. Such concerns have also resulted in expensive new device designs.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Industrial Visual Management Systems
These systems consist of devices that collect and measure the parameters of a process to compare it with the standards and display the deviations.Technavios analysts forecast the global industrial visual management systems market to grow at a CAGR of 7.73% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global industrial visual management systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global Industrial Visual Management Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
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Red Lion Controls
Visual Management Systems
Visual Management TechnologyOther prominent vendors
Think Tank Engineers
Life Cycle EngineeringMarket driver
Visual display systems support effective management of industrial resources
For a full, detailed list, view our report Market challenge
Threat of cyber security
For a full, detailed list, view our report Market trend
On-job training methodologies adopted by industries
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
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