Manufacturing Execution Systems (MES) Market in APAC 2015-2019
An MES is a computerized tracking system that integrates all the processes in an organization and ensures that information flows through all required stakeholders. MES can be customized according to a company’s business model.
Technavio's analysts forecast the MES market in APAC to grow at a CAGR of 16.7% over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the MES market in APAC during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the process and discrete industries in APAC.Technavio's report, MES Market in APAC 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Manufacturing Execution Systems Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Manufacturing Execution Systems Market in APAC: GE, Rockwell International, SAP, Schneider Electric and Siemens
Other Prominent Vendors in the market are: Applied Material, Apriso, Emerson Process Management, IBM and Honeywell International
Commenting on the report, an analyst from Technavio’s team said: “Operators in the manufacturing industry are realizing the benefits of installing MES to increase process performance. MES is being integrated continuously to newer IoT-connected smart devices. There is a demand to leverage industrial IoT that is considered to be the next generation of operational technology. Systems that can collect, integrate, and analyze data from multiple sources, units, plants, and operations are highly preferable for faster decision making. MES solutions that can offer manufacturing intelligence applications are experiencing high demand and are expected to become an important tool in the coming years. These systems offer the ability to compare best practices and operations across sites and product offerings, thus making real-time changes as and when required. This can prove to be advantageous for the APAC market as global companies are increasingly expanding their manufacturing units to countries such as India and China.”
According to the report, growing demand from consumers is compelling manufacturers to cater to their needs with high-quality, differentiated products. Companies compete among themselves to cater to customers’ demand in a cost-efficient way. MES enables service providers to transition from hectic paperwork to system-enabled operations, wherein it aids in saving time along with better decision-making capabilities. With the aim of differentiating products, manufacturers end up encountering complex processes to shape up their end-products. Managing these operations meticulously and efficiently is critical to product development. The growing requirement for systems such as MES that enable faster decision making in complex product development at low costs is triggering the market growth significantly.
Further, the report states that reluctance from manufacturers to adopt new technologies combined with integration issues with in-house IT systems are hampering the growth of the market.
GE, Rockwell International, SAP, Schneider Electric, Siemens, Applied Material, Apriso, Emerson Process Management, IBM, Honeywell International