Real-time data analysis will define the next generation of manufacturing execution systems (MES) worldwide, according to new research from Frost & Sullivan.
The need for extensive plant visibility and streamlined multi-plant operations is “reenergizing” the MES market, the firm says. Demand will continue to grow, even among small and mid-size companies, as vendors develop cost-effective MES products specific to particular industries.
The report, “Strategic Analysis of the Global MES Market,” finds that the market earned revenues of $4.58 billion in 2013 and estimates this to reach $8.64 billion in 2020, for a compound annual growth rate of 10 percent. Industries such as pharmaceutical, life sciences and food and beverage hold the greatest opportunities for MES providers, it says.
“The need to process data from multiple workflow operations in real time is fueling uptake of MES solutions,” Srikanth Madapura Shivaswamy, Frost & Sullivan industrial automation and process control senior research analyst, said in a statement. “Advanced platforms that can facilitate the seamless and holistic integration of different planning and production software will gain traction globally.”
Advances in cloud, mobility and big data processing that enable real-time analysis “will define next-generation MES software, thereby attracting a higher volume of small and mid-scale discrete industries,” Shivaswamy said.
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