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Real-time Data Analysis to Define Next Generation of Manufacturing Execution Systems Globally Finds Frost & Sullivan - Cost-effective, off-the-shelf solutions with a quick turnaround will make inroads in the market - IndustrialAutomation.Frost.com
Real-time Data Analysis to Define Next Generation of Manufacturing Execution Systems Globally Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2014/09/30 - Cost-effective, off-the-shelf solutions with a quick turnaround will make inroads in the market - IndustrialAutomation.Frost.com.

   
 
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Need for extensive plant visibility and streamlined multi-plant operations is reenergizing the manufacturing execution systems (MES) market across the globe. Demand will continue to grow, even among small and mid-scale end users, as solution providers develop cost effective MES solutions specific to particular industry verticals.

New analysis from Frost & Sullivan, Strategic Analysis of the Global MES Market, finds that the market earned revenues of $4.58 billion in 2013 and estimates this to reach $8.64 billion in 2020 at a compound annual growth rate of 9.5 percent. Hybrid industries, particularly the pharmaceutical, life sciences and food and beverage sectors, hold the greatest opportunities for MES providers.

“The need to process data from multiple workflow operations in real time is fueling uptake of MES solutions,” said Frost & Sullivan Industrial Automation and Process Control Senior Research Analyst Srikanth Madapura Shivaswamy. “Advanced platforms that can facilitate the seamless and holistic integration of different planning and production software will gain traction globally.”

Though the sophisticated, modular features of current MES solutions are lucrative, most users have a conservative mindset and are resistant to change, a long-standing factor dampening wide-scale implementation in the process industries. High costs, complexity, and long implementation times further discourage several end users from making the transition to new MES solutions.

Multisite rollout and standardization of one MES solution across manufacturing facilities and industry verticals will be crucial for seamless integration. Hence, mergers, acquisitions and alliances will be essential for vendors to gain market share, deliver technological innovations, and penetrate new applications in the fragmented MES market.

“Advancements in cloud, mobility and big data processing that enable real-time analysis will define next-generation MES software, thereby attracting a higher volume of small and mid-scale discrete industries,” stated Shivaswamy. “The shift of primary revenue generation from services to software licensing and support will also push vendors to design off-the-shelf solutions with quick turnaround times, in turn aiding adoption worldwide.”

Strategic Analysis of the Global MES Market is part of the Industrial Automation & Process Control (industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Automation Services Market for Process Industries, North American Terminal Automation Market, Automation and Control Systems Market in the Upstream Oil and Gas Industry. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Strategic Analysis of the Global MES Market / ND75-10

 
 
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Real-time Data Analysis to Define Next Generation of Manufacturing Execution Systems Globally Finds Frost & Sullivan

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Global MES Market | Frost & Sullivan
Contact: Ariel Brown - Frost.com 
210-247-2481 ariel.brown[.]frost.com
 
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