Published Date : Jun 20, 2016
ALBANY, NY, June 20, 2016: A new market research study, titled “Global Manufacturing Execution Systems Market in Process Industries 2016-2020,” has been added by MarketResearchReports.biz to its massive repository of research reports. The 67-page research study provides a clear understanding of the global manufacturing execution systems (MES) market, focusing on the key growth drivers, barriers, product segmentation, major geographical segments, and the competitive landscape. According to the research report, the global market for manufacturing execution systems in process industries is anticipated to exhibit a healthy 16.86% CAGR between 2016 and 2020.
Process industries moving towards cloud-based manufacturing execution systems is one of the current trends projected to propel the global market in the next few years. In addition, the shift towards a paperless production environment is estimated to fuel the growth of the global manufacturing execution systems market in the near future. However, the need for high capital investment is one of the biggest challenges for the market players.
By end use, the global manufacturing execution systems market has been classified into the following industries: Power generation, oil and gas, food and beverage, chemical, and pharmaceutical. In 2015, the chemical industry segment held a 25% share in the global MES market and is anticipated to remain dominant in the near future. The food and beverage segment is further projected to witness substantial growth throughout the forecast period. Manufacturing execution systems solutions provide an array of applications for implementation, planning, and documentation of the complete production processes. In addition, MES solutions provide efficiency and transparency besides enhancing the workflow between stock keeping, processes, transport, and laboratories.
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By geography, the global market for manufacturing execution systems has been segmented into EMEA, the Americas, and APAC. Among these regions, the Americas is anticipated to hold a 41% share in the overall MES market in process industries by the end of 2020. This region is predicted to dominate the global market in the next few years, owing to the abundant availability of gas and shale oil in the U.S. Moreover, the lower prices of natural gas and crude oil are expected to result in increased investments in petrochemical and chemical plants in this region.
The global market for manufacturing execution systems is presently dominated by a few established international players. The competitive scenario of this market is expected to become stiff owing to the presence of regional and local players. The leading players in the MES market are making huge investments in research and development activities in order to upgrade their automation technology. In addition, these players are emphasizing on mergers and acquisitions to provide a wide range of services to the consumers.
The prominent players operating in the global MES market are GE, Emerson Electric, Siemens, Schneider Electric, and Rockwell Automation. Some of the other vendors mentioned in the research study are Accenture, Honeywell International, WERUM IT Solutions, SAP, Hitachi, ABB, MPDV, TCS, Wipro, Dassault Systemes, HCL Technologies, and Parsec Automation.
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