London, 27 October 2015: Technavio, the independent tech-focused global research firm, has published a report on the global MES market 2015-2019, which is expected to grow at a CAGR of 16.35% during the forecast period of 2014-2019.
“Many large enterprises and SMEs are deploying integrated MES as it can be converged with other applications’ product life cycle management, product data management, and enterprise resource planning,” says Faisal Ghaus, Vice President of Technavio.
“It increases the efficiency of production because it can control the whole business solutions of the production plant.”
Modern MES solutions find application in almost all the discrete and process industries. They have application in the automotive, aerospace and defense, electronics and semiconductors, pharmaceutical, healthcare, and paper industries. For example, the adoption of digital systems in healthcare has led to the use of modern MES solutions, which can help in overcoming the high cost and risks by reducing the high level of technical skills required for implementation.
Key Market Drivers
- Increase in industrial automation
- Shift toward lean manufacturing and green technology
- Compliance with stringent government regulations
Key Market Trends
- Growing demand for integrated enterprise MES
- Increased adoption of customized MES
- Integration with IoT-connected smart devices
Key Market Vendors
- Schneider Electric
- Siemens
- Rockwell Automation
- Dassault Systèmes
- GE Intelligent Platforms
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global MES Market 2015-2019, please send an e-mail to media@TechNavio.com.
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