Published on : Apr 06, 2016
The global market for manufacturing execution system will be surging in the coming years due to the increasing demand for improved efficiency of industrial processes. Manufacturing execution systems are related to the production, execution, and automation needs that industries need to adhere to keep up with regulatory compliances. For example, pharmaceuticals and food and beverages industries are highly regulated as these products are ingested by humans for survival and medicinal reasons. As such, these industries require automated processes to minimize errors that are related to manual procedures.
Over the past few years, manufacturing execution systems are increasingly adopted due to their feature of economic value as well. This is because these systems are based on advanced software solutions that have minimal chances of failure to avoid disruption in the entire assembly line. For instance, installation of manufacturing execution system is o the rise to reduce the use of traditional paper-based record keeping that has high chances of human errors.
Manufacturing execution system have other uses as well. They are significant for integrating information systems on shop floors with information and management systems at corporate offices, leading to the gradual phase-out of paper-based record keeping. The other capability of manufacturing execution system lies in the integration of information from a number of factory locations or processing plants. This, in turn, assists manufacturers to make faster and informed decisions for competitive advantage.
However, the installation of manufacturing execution systems is held back due to its high upfront investment for installation. Other than this, the complexities that are involved in the installation of these systems are also hindering growth of this market. Nevertheless, advancements in internet of things (IoT) will open lucrative growth opportunities for key participants in the global market for manufacturing execution system. This is because IoT is assisting in the advancement of cloud computing, industrial mobility, and big data analytics. As such, next-generation manufacturing execution system is receiving a boost featured with real-time data overview functionality.