Press release
Manufacturing Execution System (MES) & Enterprise Manufacturing Intelligence (EMI) Market is estimated to reach $16.29 Billion and $6.20 Billion by 2020
Global Manufacturing Execution System (MES) & Enterprise Manufacturing Intelligence (EMI) Market
The MES and EMI market revenue is estimated to reach $16.29 billion and $6.20 billion, respectively by 2020,”.
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Manufacturing organizations are facing some challenges – shortage of skilled labor, increasing cost of the raw materials, volatile customer demands, and regulations to adhere to quality standards. To overcome these hurdles, they are employing information systems such as MES and EMI. Organization, due to global presence, has multiple plants across countries, and they have a better integration level of these plants. The MES and EMI help in standardizing the manufacturing processes across plants and also increase the transparency level, which leads in better informed decisions, and optimize operations.
“The global MES and EMI market is a very competitive market, but it has immense growth opportunities, especially in Asia-Pacific (excluding Japan) as it has set to become a manufacturing hub in the next five years.
The MES and EMI product market is divided into Software and Services. The service market is analyzed by consulting, integration and maintenance. The service segment contributes to majority of the market.
The MES and EMI industries market is divided into processed and discrete industries. The process industries are analyzed by Chemical, Food & Beverage, Oil & Gas, Pulp & Paper, Life Sciences & Pharma, Power, Sugar & Bio energy, and Water and Waste Water Management. Discrete industries are analyzed by Automotive, Aerospace, Medical Devices, Aerospace & Defense, FMCG, Modular Construction, Semiconductor & Electronics, and Metal Precision & Fabrication.
The global MES and EMI market is divided into North America, Western Europe, Asia-Pacific (excluding Japan), Central Eastern Europe (CEE), Middle East & Africa and Latin America. North America has the largest share of the market and these countries are the early adopters of these information systems. Asia-Pacific is set to become a global manufacturing hub and thus holds immense potential for the market.
“The global MES and EMI market is a very competitive market with several vendors focusing on specific industry segments to tackle industry specific issues. With rising market pressure, manufacturing companies or end users are scrutinizing their operations and are taking pro-active measures to address challenges,”.
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