Lewes, DE -- (SBWIRE) -- 06/20/2016 -- Report forecast the global manufacturing execution systems (MES) market in process industries to grow at a CAGR of 16.86% during the period 2016-2020.

Manufacturing execution systems (MES) had become popular in the mid-1990s, mainly in the semiconductor industry. These systems proliferated in other industrial applications that required improved shop floor control and visibility through real-time data collection and data analysis. MES help to manage and monitor work in a plant and on the field. These systems track all production processes through real-time data intelligence, improving efficiency and productivity, and ensuring quality products in a cost-effective and timely manner. They track minute-by-minute record of production, maintenance, distribution, quality, and labor operations irrespective of the physical location of the manufacturing units.

The report covers the present scenario and the growth prospects of the global manufacturing execution systems (MES) market in process industries for 2016-2020. To calculate the market size, we consider the revenue generated from sales and aftermarket services of MES in process industries.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

According to the report, a key growth driver is the shift towards paperless production. The emergence of information technology in manufacturing processes has significantly helped process-oriented companies to improve their operations, leading to sustainable development. The MES market is experiencing continuous demand from manufacturing companies owing to the shift in their preference for lean manufacturing. Among all the highlighted benefits of MES, reduction in cost in terms of wastage, rework, and defects is highly prominent. The overall manufacturing system becomes highly efficient when MES is integrated with Warehouse Management System (WMS), facilitating lean manufacturing to a large extent.

Further, the report states that one challenge that could hamper market growth is the need for high capital investment. MES require high capital expenditure for installation and regular upgrades, integration, and support. The growing demand for product quality and reduction of operational expenditure require large investments to integrate MES into existing systems, which are less compatible, and takes a long time to execute. Many SMEs worldwide are facing difficulties in investing in this technology, owing to the high capital investment required to integrate and build it.

Global Manufacturing Execution Systems (MES) Market in Process 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.

key players in the global manufacturing execution systems (MES) market in process industries: Emerson Electric, GE, Rockwell Automation, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: ABB, Accenture, Dassault Systèmes, Honeywell International, HCL Technologies, Hitachi, MPDV, Parsec Automation, SAP, TCS, WERUM IT Solutions, and Wipro.

Market driver
- Shift toward paperless production environment
- For a full, detailed list, view our report

Market challenge
- Need for high capital investment
- For a full, detailed list, view our report

Market trend
- Process industries moving toward cloud-based MES deployments
- For a full, detailed list, view our report

Key questions answered in this report

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages and 30 Exhibit "Global Manufacturing Execution Systems Market in Process Industries 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-manufacturing-execution-systems-market-process-industries-2016-2020

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