Global Statistics Representing Manufacturing Execution Systems Market Scenario
A Manufacturing Execution System (MES) enhances the efficiency and precision of the manufacturing process. At present, there is a marked need for process automation as manufacturers are not only emphasizing increasing productivity but also improving the operational quality of production processes. To achieve enhanced productivity and quality, manufacturers around the globe are adopting manufacturing execution systems equipped with technologies such as Big Data, Augmented Reality (AR), and Industrial Internet of Things (IIoT) platforms, among others. According to Rockwell Automation, one of the leading player in the MES market, by the end of 2020, industrial manufacturers would exceed 50 billion connected devices along with multiple IIOT applications depending on them.
The global manufacturing execution systems market is expected to grow at a CAGR of approx. 12.03% during the forecast period, 2019–2026
Operational Concerns Associated with Inventory Management Accelerate the Demand for MESs
Inventory management is an integral part of any organization. Poor inventory management is the most common issue faced by both large manufacturers and SMEs, which affects the overall performance of the organization. Underproduction, overproduction, and stock-out are some of the common challenges faced by organizations unable to tackle inventory management. Manufacturing Execution Systems offer a promising solution for poor inventory management as they efficiently monitor pre- and post-manufacturing processes.
Dynamic Industrial Growth in APAC to Present an Opportunistic Market for MESs
Countries in APAC exhibit significant growth potential in industrial sectors such as manufacturing, mining, oil and gas, and others. According to a study by Honeywell, one of the leading players in MES, the Pacific region is observed to grow in the mining sector whereas India’s industrial growth is led by the power and energy sector. China is a significant contributor in the capital expenditure for industrial development but registers moderate growth. It can be concluded that the region’s evolving industrial sector will offer several growth prospects for the MES market.
Rapidly Evolving Technological Capabilities in North America to Surge Adoption of MESs
Up until a few years back, the idea of a smart factory was abstract on account of several limitations such as prohibitive computing storage, bandwidth costs, and limitations in digital technology capabilities. Today, these obstacles have diminished dramatically due to inclusive technological advancements that make it possible to do more with low investments across a broader network. Furthermore, the development of sophisticated technologies over the years with the emergence of artificial intelligence (AI), cognitive computing, and machine learning are allowing manufacturers to move beyond task automation towards more complex and well-connected processes.
Efficiency Improvements Through Real-Time Data Accessibility to Spur Demand for MESs in Europe
Over the years, several companies have observed to have ramped up investments in enhancing and effectively controlling their operations with Programmable Logic Controllers (PLCs) and Supervisory Control and Data Acquisition Systems (SCADAs). These platforms offer real-time display and visualization of operational processes in the plant, thereby enabling operator interaction. However, to improve operational efficiency, companies must achieve effective synchronization of the production process with other business processes, which is where MESs play a vital role. Thus, the growing need for operational efficiency pegs Europe as a potential market space for MES.
Some of the key companies operating in the MES market are ABB Ltd., Andea Solutions, BrightEye, Dassault Systems, Emerson Electric Co., General Electric Company, Honeywell International Inc., IQMS Manufacturing ERP, LTI (Larsen & Toubro), ORACLE, PLEX, Rockwell Automation, Birlasoft Limited, 3YOURMIND GmbH, FUJITSU, Tulip Interfaces, Inc., and SAP AG.
These companies are concisely studied in the report with a particular emphasis on recent developments, financial prospects, product portfolios, geographical strengths, and business strategies.
Manufacturing Execution Systems Market Segmetation
Why Buy This Report?
The report covers a detailed analysis of the manufacturing execution systems market and the importance of these systems in the current industrial sector. It primarily focuses on Asia-Pacific and North America, where the manufacturing sector is slated to have a positive outlook. A brief study of the prominent market segments is also included in the report, along with a systematic analysis of the traditional automation pyramid in modern production systems. In this study, the MES market has been segmented on the basis of deployment, product function, process industry, and discrete industry.