Manufacturing Execution System Market Worth 12.6 Billion USD by 2020
PUNE, India, September 3, 2015 /PRNewswire/ --
According to the new market research report "Manufacturing Execution System Market by Deployment Type, Process Industry (Chemicals, Food & Beverages, Life Science, Oil & Gas, Power), Discrete Industry (Aerospace & Defense, Automotive, Medical Devices) and by Region - Global Forecast to 2020", published by marketsandmarkets, the manufacturing execution system market is estimated to reach USD 12.6 Billion by 2020, at a CAGR of 10.85% between 2015 and 2020.
Browse 71 tables and 83 figures spread through 159 Pages and in-depth TOC on "Manufacturing Execution System Market - Global Forecast to 2020"
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The manufacturing execution system (MES) software helps in managing and monitoring work on a factory floor. The MES tracks all manufacturing process with the help of real time data intelligence, thereby improving productivity and ensuring the delivery of quality products in a timely and cost effective manner.
Manufacturing execution system is implemented in various process industry and discrete industry. The market segmented on the basis of process industry includes oil and gas, chemicals, food & beverages, pulp and paper, lifesciences, power, water & wastewater management, and others. The food and beverages process industry is expected to grow at a high CAGR of 14.35% between 2015 and 2020. The discrete industry application includes automotive, medical device, aerospace and defense, FMCG, and others. The automotive discrete industry held the major share of the Manufacturing Execution System Market. The hybrid cloud based MES is expected to grow at high CAGR of 15.54% between 2015 and 2020.
The report includes a brief description of the factors driving and restraining the growth of the market as well as its opportunities and challenges. The factors driving the market include the growing impact of cloud based MES, growing demand for paperless operations, growing emphasis of real time data analysis, and regulatory compliance. The high investment incurred by the adoption of MES and longer run update required in MES software is expected to add additional cost are the factor restraining the growth of the manufacturing execution system market. The acceptance from operator before MES implementation presents a major challenge for the market.
This report gives a detailed view of the market across regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). North America dominates the manufacturing execution system market with the highest market share of ~30% in 2014; it is expected to grow at a CAGR of 9.59% between 2015 and 2020. However, the Asia-Pacific and Europe markets for manufacturing execution system are expected to grow at high CAGR of 12.93% and 10.65%, respectively, between 2015 and 2020.
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The major players involved in the development of the manufacturing execution system market include ABB LTD (Switzerland), Andea solutions (Poland), Dassault Systemes SA (France), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), SAP AG (Germany), Schneider Electric SE (France), Siemens AG (Germany), and Werum IT Solutions GmbH (Germany).
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