Manufacturing Execution System (MES) Market Counts Growth on Automation Need Aimed at Production and Quality Optimization

The global manufacturing execution system (MES) market is expected to witness the presence of players such as Epicor, primarily a leader in enterprise resource planning (ERP), looking to target ‘the age of the customer’ in order to gain a competitive edge over mid-market rivals such as Microsoft and NetSuite. According to a candid preview of the company’s annual Insights conference exposed by President and CEO Joe Cowan, attendees will learn low-risk, easy, and simple ways to help customers interact with their company. It could be anything that runs around helping customers to simplify the tasks of technology upgrade, new system installation, or coping with any technological change while stepping into their shoes.

For players to be easily grounded in top positions of the global MES market, they need to look into the possibilities of making progress in the middle of industry challenges. Market intelligence experts such as Transparency Market Research (TMR) foresee the global MES market to rise to a US$19.3 bn by the end of 2023 while advancing at an 11.1% CAGR starting from 2015.

How to Make Profit against Market Challenges?

As evaluated by seasoned analysts, the world MES market could encounter opposition from installation complexities and high initial investments required to be made upfront. However, as every cloud has a silver lining, there are hardly any markets that do not cover for their deterrents. With no exception, the world MES market is anticipated to offer bankable business opportunities with the advancements in industrial Internet of things (IoT) that could open doors for increased adoption of next-generation MES solutions across several key regions. Be it big data analytics, industrial mobility, or cloud computing, IoT has been expediting developments in almost every field.

The augmenting demand to execute complex production processes in an efficient manner and enhance productivity in various industries such as oil and gas, chemical, food and beverage, pulp and paper, and pharmaceutical is prognosticated to bode well for the world MES market.

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How will Fading Presence of Traditional Paper-based Systems Impact Market?

Emerging economies such as Brazil, India, and China are prophesied to focus on paperless operations on account on high susceptibility to human errors when working with conventional paper-based record-keeping systems. The traditional paper-based systems could gradually phase out in the coming years with the acceptance of technologically-sophisticated software based solutions such as MES. In a retail setting, information systems on a shop floor could be easily integrated with business systems in their corporate offices with the help of an MES. Furthermore, manufacturers could make more competitive, better, and faster decisions with the implementation of MESs that are efficient enough to integrate information from multiple factory or plant locations. Thus, the international MES market is envisaged to significantly benefit from the move toward paperless and software-based manufacturing.

Companies such as General Electric Co., Emersion Electric Co., Rockwell Automation, Inc., Schneider Electric S.E., and ABB Ltd. are foretold to give a tough competition to other players operating in the international MES market.

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