MES in process industries: Key market research findings
- Growing need to follow government regulatory standards
- Noticeable shift towards cloud-based MES
- Key vendors—Emerson Electric, GE, Rockwell Automation, Schneider Electric, and Siemens
The market research analysts at Technavio predict the global MES market in process industries to grow at a CAGR of almost 17% between 2016 and 2020. The growing need for compliance with regulatory standards set by various governments is a key driving force behind growth in the market. The food and beverage and pharmaceutical industries follow stringent measures of quality in their product development and are required to adhere to the standards set by regulatory bodies. The manufacturing execution systems (MES) stress on quality management by enabling the early detection of problems that might occur during the manufacturing process. In 2015, the Americas dominated the global MES market in process industries by occupying around 38% of the total market share. Factors such as increased spending in the healthcare industry, power plant projects in the pipeline, and increased spending on infrastructural activities are expected to boost growth in MES market in process industries in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the MES in process industries segments by end-users.
“The shift towards cloud-based MES deployment in the process industries is the latest trend in the market. This change towards a cloud-based approach can significantly reduce costs, achieve greater flexibility, and enhance functionality in the end-user industries. Even small and medium-sized enterprises (SMEs) can benefit from the advantages of implementing MES solutions in their plants as many vendors are now providing cloud-based MES solutions on public clouds,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
The chemical industries segment accounted for almost 25% of the market share in 2015 to become the dominant shareholder in the global MES market in process industries. The transparency and efficiency and improved workflow between transport, stock keeping, process, and laboratory brought on by MES software is the primary driver for the booming of this segment. The recovery in developed markets, especially in the US, and rapid industrial development in developing economies, such as China, Brazil, India, Indonesia, and Mexico are expected to reflect positively on the MES market in process industries across the globe by 2020.
The key vendors in the market include Emerson Electric, GE, Rockwell Automation, Schneider Electric, and Siemens. Established international vendors currently dominate the market. The presence of local and regional vendors is likely to intensify the level of competition. Regular vendor competition in the MES solutions market is normally based on product quality, durability, reliability, and technological innovations. To upgrade their automation technology and offer a broad range of MES services, vendors have started making huge investments in R&D and M&A.
A more detailed analysis is available in the Technavio report, Global MES Market in Process Industries 2016-2020.
We can customize reports by other regions and specific segments upon request.
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