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The manufacturing execution system market was estimated to be $6.66 billion in 2014 and $13.59 million by 2020 at a CAGR of 12.61% from 2014 to 2020. North America and Europe account for similar market share in the global manufacturing execution system market - http://www.marketsandmarkets.com/Market-Reports/manufacturing-execution-systems-mes-market-536.html.
(PRWEB) June 24, 2014
According to a market research report, Manufacturing Execution System (MES) Market by Applications and Geography - Forecast & Analysis to 2014 - 2020, the total market for the global Manufacturing Execution Systems (MES) Market will be worth $12.66 Billion by 2020 at an estimated CAGR of 11.02%
Browse 38 market data Tables and 30 Figures spread through 250 Pages and in-depth TOC on "Manufacturing Execution System (MES) Market".
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The involvement of information technology in manufacturing process has increased over the last few years. Information technology is used to improve the overall result. MES has helped many industries to improve their process which leads to a sustainable improvement.
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.
MES has changed the manual operations into paperless operations for faster data transfer and better decision making. Connected network of various MES systems is the biggest feature of the MES. This has helped senior managers to take decisions based on the real time data from across the borders.
North America and Europe account for similar market share in the global Manufacturing Execution System Market. Since the APAC region is becoming the manufacturing hub for most industries, this region possesses great potential for the MES market and all major players are focusing on APAC.
The Manufacturing Execution System Market was estimated to be $6.76 Billion in 2014 and will be worth $12.66 Billion by 2020 at an estimated CAGR of 11.02%.
Discrete and process industries are the two major categories of manufacturing that MES serves. MES has been used in process industries for a long time; however, discrete industries are very large in nature and have the potential to grow for MES to be implemented. Automobile, healthcare, aerospace and defense, and FMCG are the major ones among discrete industry.
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