IIoT-enabled MES solutions will help overcome the challenges of legacy systems, uncertain demand, and complex supply chains
SANTA CLARA, California, Sept. 25, 2018 /PRNewswire/ -- Manufacturing execution systems (MES) are integrated software applications that provide companies with the means to plan, schedule, track, direct, and implement their operations. The MES market is growing with the adoption of cloud computing and data analytics in distinct industry applications around the world, with continued growth likely as companies focus on improving productivity and process efficiencies.
"The smart, disruptive software technologies, such as Industrial IoT (IIoT), new analytical tools, and shifting market dynamics will drive the implementation of MES across industry verticals in the coming years," said Krishna Raman, Industry Manager for Industrial Automation and Process Control at Frost Sullivan. "The challenges of tight government regulations and cybersecurity, along with greenfield projects in developing countries, create ample opportunities for growth."
Frost & Sullivan's recent analysis, Global Manufacturing Execution Systems for Discrete Industry, Forecast to 2022, provides key adoption drivers and restraints, as well as emerging growth opportunities and trends.
For further information on this analysis, please visit: http://frost.ly/2s1
Frost & Sullivan experts identify a number of key trends driving growth opportunities within the global MES market, including:
- The rising adoption of IIoT-enabled MES solutions by small and medium-scale manufacturers due to the low-investment requirement and ease of installation associated with such solutions.
- The increasing manufacturing activities in emerging economies, such as those in the APAC region, are expected to partially offset the decline in manufacturing from major economies, such as Europe and the United States.
- The heightened focus on operational efficiency, reducing time-to-market and OPEX, has shifted the value proposition from hardware to software solutions.
"To take advantage of this growth, automation vendors should leverage their installed base of information to identify pain points in manufacturing and build enhanced capabilities for better productivity. In addition, vendors should expand bases in emerging hotspots via establishing a strong partnership network in these regions to increase market penetration," said Krishna. "The advent of IIoT in manufacturing is bringing disruptions across various industries, with MES soon to be known as Smart MES (S-MES) with all the expected automated functionalities."
Global Manufacturing Execution Systems for Discrete Industry, Forecast to 2022 is part of Frost & Sullivan's Industrial Automation & Process Control research and analysis found within our Leadership Council.
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Global Manufacturing Execution Systems for Discrete Industry, Forecast to 2022
SOURCE Frost & Sullivan