The Global Market for Manufacturing Execution Systems (MES) is Projected to Reach US$7.4 Billion by 2020
Transition Towards Paperless Operations Drives
the Global Manufacturing Execution Systems Market, According to a New Report by
Global Industry Analysts, Inc.
GIA announces the
release of a comprehensive global report on global Manufacturing Execution
Systems (MES). The
global market for Manufacturing Execution Systems (MES) is projected to reach
US$7.4 billion by 2020, driven by the growing focus on paperless operations,
rise in industrial automation and increasing pressure to ensure compliance with
government regulations.
Manufacturing
Execution Systems (MES) represent a vital cog in the present day manufacturing
industry by assuming an intermediary role that integrates information systems
on the plant floor with business systems in the corporate office. With
manufacturing firms globalizing their production operations, MES is proving to
be a valuable tool in providing enhanced plant visibility and in streamlining
multi-plant operations. MES systems are
software solutions that initiates, responds, reports and communicates all
production specific details starting from order receipt to the finished
product, with the aim of enabling manufacturers to make better, faster and more
competitive decisions. MES solutions are engineered to access bill of materials
(BOM), routing and other vital data from the ERP system, while relay information
on current plant floor conditions back to the planning level systems including
ERP.
With traditional
paper based record-keeping systems highly prone to human errors, the urgent
need to transition to a paperless manufacturing is driving the acceptance of
software-based alternatives such as MES. Rise in industrial automation, compliance
to stringent government regulations, and the need to reduce production costs,
shorten lead times, earn faster return on investment, and achieve operational
excellence, are driving growth in the market. Future adoption of MES will be
driven by manufacturer’s focus on providing access to MES functionality to
their partners across the distributed manufacturing network. Discrete
manufacturing industries will drive growth in the market, with companies deploying
MES solutions for efficient management of complex production processes.
Integration of MES with other manufacturing solutions such as Product Lifecycle
Management (PLM), and warehouse management, is a notable trend in the market. Moreover, advancements in cloud computing,
industrial mobility and Big Data analytics are all expected to result in the emergence
of next-generation MES software and solutions that enable real time data
analysis. Small-to-medium sized discrete manufacturing industries current ranks
as lucrative customer clusters for MES.
As
stated by the new market research report on Manufacturing Execution Systems, Europe
represents the largest market worldwide. Asia-Pacific ranks as the fastest
growing market with a CAGR of 11% over the analysis period. Key factors driving
adoption of MES solutions in the region include steady economic growth, rising
GDP, favorable government policies, rapid industrialization, and continued
shifting of production bases to low cost Asian countries.
Major players in the
market include ABB Limited, Accenture Plc, Andea Solutions sp. z o.o, Aptean,
Dassault Systèmes, Emerson Electric Company, Eyelit Inc., Fujitsu Limited,
General Electric Company, HCL Technologies Limited, Honeywell International
Inc., iBASEt, Krones AG, Operator Systems ApS, Prevas AB, Rockwell Automation
Inc., SAP SE, Schneider Electric SE, Siemens AG, Werum IT Solutions GmbH and
Yokogawa Electric Corporation, among others.
The research report titled “Manufacturing
Execution Systems (MES): A Global Strategic Business Report” announced by
Global Industry Analysts Inc., provides a
comprehensive review of market trends, issues, drivers, mergers,
acquisitions and other strategic industry activities of global companies. The report provides market estimates and
projections for all major geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets),
Asia-Pacific (China and Rest of Asia-Pacific), Latin America (Brazil and Rest
of Latin America), and Rest of World.
Comments
Post a Comment