In
the manufacturing industry, the manufacturing execution systems (MES) and
enterprise manufacturing intelligence (EMI) have become a norm where
manufacturing enterprises. There is wide competition in the market from the ERP
merchants who propose manufacturing execution systems and enterprise
manufacturing intelligence functionalities along with the product and pure-play
vendors or only MES or EMI merchants.
Additionally,
the manufacturing enterprises should guise to assume these applications as the
employment gives them the ability to react improved to the dynamic environment
by investigating the historic data and real time information related to the
shop floor, which rises the overall flexibility and enhances the efficiency of
the enterprises. Whereas, the merchants are constantly trying to involve more
features in their solution assistances and deliver the vertical solutions to
encounter the precise industry standards and requirements. According to the
report analysis, ‘Global
Manufacturing Execution System (MES) & Enterprise Manufacturing
Intelligence (EMI) Market, By [Enterprise (SMEs & Large), Product
(Software, Services, Consulting, Integration, Maintenance), Industries (Process
Industries, Discrete Industries), Region] - Trends & Forecast, 2015-2020’
states that there are several key players which are presently functioning in
this sector more actively for leading the fastest market growth and dominating
the handsome value of market share around the globe more positively throughout
the reviewed period more positively while not permitting the non-core
procedures first and develop the IT networks and infrastructure includes Tata
Consultancy Services Limited (TCS), Infosys Limited, HCL, Accenture Plc, Wipro
Limited, Honeywell INC, ABB Ltd, General Electric Company, Rockwell Automation,
Siemens, Schneider Electric SE, Dassault Systemes, Paper-Less LLC, Aspen
Technology Inc., Emerson Electric Co., Parsec Automation Corporation,
EazyworksInc, Aptean Inc., Accumence Inc., iTAC Software AG and several others.
The
Global MES and EMI market is expected to increase at a handsome CAGR of 15.6%
and 16.25% during the period of 2015-2020, respectively. The discrete industry
sector is set to increase at an effective CAGR of 18.2 % and 15.4%, followed by
process industry which is set to rise at an efficient CAGR of 12.4% and 17.4%
respectively.
However,
the manufacturers are utilizing the enterprise manufacturing intelligence
solutions to observe and maintain the data from floor and transform them into
actionable perceptions for decision making. The data is utilized to make
procedure developments and utilize the right combination of applications that
enables to streamline the procedure flow. Moreover, the growth is accredited to
increasing investments in the manufacturing segment and effective improvements
in the industrial automation. The Asia Pacific is predicted to be the wildest
rising region which is predicted to be followed by Middle East & Africa
during the review period. Whereas, the food and beverages sector is anticipated
to be the fastest increasing, due to the demand of continuing the product
quality principles in the food and beverage industry.
Regulatory,
quality standards and government regulations, economic scenario, inflexible and
legacy systems, shortage of visibility in and across the plant and return on
the investments from the existing assets are the foremost factors for
propelling the market growth more significantly. Therefore, in the coming years
it is predicted that the market of manufacturing execution systems and
enterprise manufacturing intelligence will increase more positively over the
forecasted period.
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Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
