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EMEA MES market: 19% CAGR growth forecast between 2012-52
MES Market in EMEA Region 2012-2016 - a new market research report on 2014-03-31 00:07:02
The EMEA MES market is to grow at a CAGR of 19.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to improve the decision-making system. The MES market in the EMEA region has also been witnessing the development of cloud-based MES solutions. However, the high initial investment could pose a challenge to the growth of this market.
Cloud computing technology is becoming popular among organizations because it offers huge space for data storage, provides flexibility, and enables scalability. Hence, several MES vendors have started developing cloud-based MES solutions. Moreover, the cloud provides flexibility to end-users, enabling them to access MES solutions from anywhere at any time. Furthermore, cloud-based MES software can be scaled up in terms of features more easily. Hence, the MES market in the EMEA region is witnessing an emerging trend where many vendors are developing cloud-based MES solutions to meet the demands of end-users.
One of the major drivers is the need to improve the decision-making system. MES provides better control and visibility of the entire production plant and also integrates various manufacturing operations such as production planning, scheduling, order processing, inventory management, and bill of materials which attracts manufacturing companies to adopt MES solutions.
A major challenge in the market is the high initial investment. Several organizations in various process industries across the globe find it difficult to shift from their legacy system to the latest technology due to high cost of MES solutions. MES requires huge investment not only for its installation, but also for regular upgrades and integration and support.
The key vendors dominating this market space are Invensys plc, GE Co., Rockwell Automation Inc., and Siemens AG. Other vendors are ABB Ltd., Applied Material Inc., Apriso Corp., Aspen Technologies Inc., Camstar Systems Inc., Emerson Process Management, Eyelite Inc., Honeywell International Inc., IBM Corp., Oracle Corp., SAP AG, Schneider Electric Co., and Werum Software & Systems AG.
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