Published on : Apr 01, 2016
Manufacturing Execution Systems (MES) are software applications that have been designed and developed with an aim to provide a meticulous system to various verticals to plan, schedule, operate, direct, analyze, and track the myriad operations. Several manufacturing industries are adopting manufacturing execution systems to bring down rising material and overhead costs. The need for effective way to improve production and ensure optimum utilization of resources is also propelling the overall manufacturing execution system market.
The global manufacturing execution system market is segmented on the basis of process industry, discrete industry, and geography. The process industries are chemical, oil and gas, food and beverages, energy and power, pharmaceutical, water and wastewater treatment, and others. On the basis of discrete industries this market is segmented into automotive, aerospace and defense, electronics and electrical, medical devices, FMCG, and others. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Oil and Gas Segment Emerges as the Leader in Overall Market
According to a research report, out of all the segments in the process industry the oil and gas segment was the major contributor to the revenue earnings of the global manufacturing execution system in 2014. In the discrete industry, the automotive segment emerged as a leading in the overall market in 2014 due to increasing adoption of these systems in the industry to cater to the growing demand of efficient time to market solutions.
North America to Dominate Global MES Market
In terms of geography, North America held a dominant share in the global manufacturing execution system in 2014. This dominance is attributable to the growing needs of the improved manufacturing execution systems in several industrial verticals as they attempt to integrate data from ERP and routing it to plant floor for enhanced operations. Europe followed North America’s share closely in terms of revenue in 2014. However, analysts predict that Asia Pacific will grow at an accelerated pace due to emerging economies.