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Standardized Data Collection and Machine Vendor-Software Provider Collaboration Key to SMT Software Market Growth, Says Frost & Sullivan
May 7, 2004 |Estimated reading time: 1 minute
Palo Alto, Calif. — New analysis from Frost & Sullivan, World SMT Equipment Software Market, reveals that revenue in this market totaled $236.9 million in 2003 and is projected to reach $425.4 million by 2010.
The Asian software market also suffers from the misconception among machine vendors that achieving perfect optimization with multi-vendor machines is impossible with independent or third party software. The impact of this challenge is likely to diminish with growing evidence to the contrary.
Providing an impetus to software sales is the fact that machine vendors are now incorporating layers in their equipment that enable independent software to integrate diverse machines on the same SMT line.
With third-party software accomplishing near perfect machine optimization, its vendors are encouraged to increase their portfolio of offerings with innovative products, such as motion control and line balancing software. They also offer entire automated solutions through a single point of contact.
This value-added benefit proves unfavorable to machine vendors that concentrate on fine-tuning in-house software while electronic manufacturers prefer automated solutions, such as manufacturing execution systems (MES) and enterprise resource planning (ERP). These systems help them link and manage all of their departments in the factory and reduce operational costs, administrative delay and increase customer satisfaction.
The frequent need to update the software environment in sectors such as medical and defense and demand for new product introduction is also likely to drive sales in SMT and upgrade software markets.
Frost & Sullivan, an international growth consultancy, has been supporting clients' expansion for more than four decades. For more information, visit www.electronics.frost.com.