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New Revenue Pockets of Manufacturing Execution Systems Market
MES is gaining interest among a majority of manufacturing companies in all industries. With the help of MES, customers are reducing their costs in terms of wastage, reworks, and defects. On the other hand, it increases the productivity by real time data interpretation and process updating. Thus, the companies are able to attain the return on investment within a short span of time as compared to the traditional manufacturing methods. This impact is high at present and will eventually be very high in the next seven years. MES has helped in achieving higher level of operational results. With the help of MES, customers are reducing their costs in-terms of wastage, reworks, defects, etc. On the other hand, it has increased the productivity by real time data interpretation and process improvements during the process.
MES is being accepted in many industries and they are benefited with exceptional results of MES implantation. The use of automation is increasing in the process industries like chemical industry, power plants, petro industry, and pharmaceutical. MES is largely in use in the discrete manufacturing sectors like mining, oil and gas, and so on. The need for an MES solution varies depending on the level of complexity and automation required. The impact of this is very high as the growth in the process industries is far above the ground and the use of automation in these industries is also increasing.
The MES market has been segmented into four geographies: North America, Europe, Asia-Pacific (APAC), and ROW (Rest of the World). Asia-Pacific is expected to grow at the highest rate due to increase in production activities in APAC, which are accelerated by huge population (customer) base, and supporting government policies. APAC mostly includes India, China, Japan, South Korea, North Korea, Indonesia, Australia, New Zealand, and some other countries. Manufacturing units have shifted to China and India to get the benefit of low labor wages; however, these days labor cost is increasing, so there is a huge need for a system to tackle this problem. Thus, the demand for the MES system is very high in these countries to change the operations from manual to MES based automated operations.
Another reason for the growth of the MES market in these nations is the increase in the number of manufacturing plants of various industries such as automotive, textiles, power, pharmaceuticals where the MES solutions are highly in use.
In APAC countries, China and India are considered to be the growth engine for the MES market and gaining market globally.
Manufacturing Execution System Market by Applications (Process Industries- Chemicals, F&B, Oil & Gas, Pulp & Paper, Lifesciences Power, Water & Wastewater Management; Discrete Industries- Automotive, Medical Devices, Aerospace & Defense, FMCG) and Geography (Americas, EMEA, & APAC) - Global Trends & Forecasts to 2014 - 2020
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