About the Manufacturing Execution Systems (MES) Market in Process Industries
Manufacturing execution systems (MES) had become popular in the mid-1990s, mainly in the semiconductor industry. These systems proliferated in other industrial applications that required improved shop floor control and visibility through real-time data collection and data analysis. MES help to manage and monitor work in a plant and on the field. These systems track all production processes through real-time data intelligence, improving efficiency and productivity, and ensuring quality products in a cost-effective and timely manner. They track minute-by-minute record of production, maintenance, distribution, quality, and labor operations irrespective of the physical location of the manufacturing units.
Technavio’s analysts forecast the global manufacturing execution systems (MES) market in process industries to grow at a CAGR of 16.86% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global manufacturing execution systems (MES) market in process industries for 2016-2020. To calculate the market size, we consider the revenue generated from sales and aftermarket services of MES in process industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Manufacturing Execution Systems (MES) Market in Process Industries 2016-2020
Technavio recognizes the following companies as the key players in the global manufacturing execution systems (MES) market in process industries: Emerson Electric, GE, Rockwell Automation, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: ABB, Accenture, Dassault Systèmes, Honeywell International, HCL Technologies, Hitachi, MPDV, Parsec Automation, SAP, TCS, WERUM IT Solutions, and Wipro.
Commenting on the report, an analyst from Technavio’s team said: “A key trend boosting market growth is the fact that process industries are moving towards cloud-based MES deployments. Cloud-based MES-as-a-service is likely to be the next logical step in the evolution of automation technology in process industries. End-users are becoming more comfortable with the concept of service-based technology architecture such as cloud. End-user industries can significantly reduce costs, achieve greater flexibility, and enhance functionality by shifting toward cloud-based environment. SMEs operating in process industries face budget constraints and cuts, which make it difficult for them to afford the initial investment for an MES.”
According to the report, a key growth driver is the shift towards paperless production. The emergence of information technology in manufacturing processes has significantly helped process-oriented companies to improve their operations, leading to sustainable development. The MES market is experiencing continuous demand from manufacturing companies owing to the shift in their preference for lean manufacturing. Among all the highlighted benefits of MES, reduction in cost in terms of wastage, rework, and defects is highly prominent. The overall manufacturing system becomes highly efficient when MES is integrated with Warehouse Management System (WMS), facilitating lean manufacturing to a large extent.
Further, the report states that one challenge that could hamper market growth is the need for high capital investment. MES require high capital expenditure for installation and regular upgrades, integration, and support. The growing demand for product quality and reduction of operational expenditure require large investments to integrate MES into existing systems, which are less compatible, and takes a long time to execute. Many SMEs worldwide are facing difficulties in investing in this technology, owing to the high capital investment required to integrate and build it.
Emerson Electric, GE, Rockwell Automation, Schneider Electric, Siemens, ABB, Accenture, Dassault Systèmes, Honeywell International, HCL Technologies, Hitachi, MPDV, Parsec Automation, SAP, TCS, WERUM IT Solutions, Wipro.