The global manufacturing execution systems (MES) market in discrete industries to grow at a CAGR of 16.66% during the period 2016-2020.
Global Manufacturing Execution Systems (MES) Market in Discrete Industries 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global manufacturing execution systems (MES) market in discrete industries for 2016-2020. To calculate the market size, we consider revenue generated from sales and aftermarket services of MES in discrete industries.
Discrete industries face compressed schedules and the need to respond quickly to evolving customer preferences. They are also pushed to maximize the efficiency of production processes, better control material acquisition, lower manufacturing costs, improve quality, and reduce lead times.
MES enable shop floor operators, technicians, and supervisors to record and monitor shop floor activities in an effective manner. These systems eliminate the non-value added activities on the shop floor and maximizes the plant productivity.
According to the report, a key growth driver is the integration of PLM, MES, and ERP. Manufacturing execution systems (MES), enterprise resource planning (ERP), and product lifecycle management (PLM) have traditionally been different parts of discrete manufacturing environment. However, these isolated systems together can help organizations create data to get an overall look of company's functioning.
Discrete manufacturing industries such as automotive are leading the way with this integration. PLM in discrete industries focuses on product innovation and helps manufacturers to develop and launch profitable products. It contains all the information regarding product design and related manufacturing processes.
Further, the report states that one challenge that could restrict market growth is the high upfront and upgrading costs. MES are difficult to evaluate and expensive to own and maintain. Manufacturers often find difficult to realize adequate ROI by implementing MES due to the ever-changing IT landscape and various technological components involved.