According to a new market research report, “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” published by MarketsandMarkets, the total market for the global manufacturing execution systems (MES) market will be worth $13.59 billion by 2020 at an estimated CAGR of 12.61%.
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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 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.
The MES market was estimated to be $6.66 billion in 2014 and will be worth $13.59 billion by 2020 at an estimated CAGR of 12.61%.
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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North America and Europe account for similar market share in the global MES 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.
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