Global MES Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-26 08:26:02
The Global MES market is to grow at a CAGR of 11.71 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 Global MES market has also been witnessing the development of web-based MES solutions. However, the reluctance in migrating to the latest technology could pose a challenge to the growth of this market.
Web-based MES software provides complete real-time information from production plants. A web-based MES integrates with various production plants at the shop floor level and shares the information gathered through a common database. With web-based MES, customers get many advantages and benefits such as cost-effective solutions and support, increased efficiency, lower operating expenses, and a lower level of complexity. Thus, it helps improve the decision-making system and reduces the overall total cost of ownership. Therefore, the cost-effective web-based MES solution is expected to enhance the market potential for many cost-sensitive industries during the forecast period.
One of the major drivers is the need to improve decision-making systems. An 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 a reluctance to use the latest technology. Several organizations across various process and discrete industries globally, find it difficult to shift from their legacy system to the latest technology due to issues of the interoperability and compatibility with the existing systems.
The key vendors dominating this market space are GE Co., Invensys plc, 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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