A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Asia Pacific Manufacturing Execution Systems (MES) market is expected to grow at a CAGR of 18 percent.
The report, which focuses specifically on the Asia Pacific region (including Japan and Australia), indicates that the MES market is being driven by the operational efficiency and economic benefits that these systems can provide.
According to Technavio™s industry analyst, MES provides maximum operational efficiency by reducing cycle time, work-in-progress inventory, lead time, and paper work. MES also provides various benefits, such as easy implementation and integration with other manufacturing software. Through effective management of inventory, organizations can benefit from lower inventory and operating costs.
The report also highlights that the threat of competition from extended solution providers is hindering the growth of this market. However, the urgent need for real-time information is expected to drive the market. There is also a trend in this market of vendors offering pre-customized and pre-integrated solutions.
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio™s report, Asia-Pacific Manufacturing Execution Systems Market 2010“2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including Invensys PLC, Siemens AG, Rockwell Automation Inc., and GE.
For further information and to order your copy of this report, please visit https://www.technavio.com/content/asia-pacific-manufacturing-execution-system… Follow us on Twitter: @technavio for daily updates.
Economic Benefits Encouraging Adoption of Manufacturing Execution Systems
