In the manufacturing industry, the manufacturing execution systems (MES) and enterprise manufacturing intelligence (EMI) have become a norm where manufacturing enterprises. There is wide competition in the market from the ERP merchants who propose manufacturing execution systems and enterprise manufacturing intelligence functionalities along with the product and pure-play vendors or only MES or EMI merchants.
Additionally, the manufacturing enterprises should guise to assume these applications as the employment gives them the ability to react improved to the dynamic environment by investigating the historic data and real time information related to the shop floor, which rises the overall flexibility and enhances the efficiency of the enterprises. Whereas, the merchants are constantly trying to involve more features in their solution assistances and deliver the vertical solutions to encounter the precise industry standards and requirements. According to the report analysis, ‘Global Manufacturing Execution System (MES) & Enterprise Manufacturing Intelligence (EMI) Market, By [Enterprise (SMEs & Large), Product (Software, Services, Consulting, Integration, Maintenance), Industries (Process Industries, Discrete Industries), Region] – Trends & Forecast, 2015-2020’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the handsome value of market share around the globe more positively throughout the reviewed period more positively while not permitting the non-core procedures first and develop the IT networks and infrastructure includes Tata Consultancy Services Limited (TCS), Infosys Limited, HCL, Accenture Plc, Wipro Limited, Honeywell INC, ABB Ltd, General Electric Company, Rockwell Automation, Siemens, Schneider Electric SE, Dassault Systemes, Paper-Less LLC, Aspen Technology Inc., Emerson Electric Co., Parsec Automation Corporation, EazyworksInc, Aptean Inc., Accumence Inc., iTAC Software AG and several others.
The Global MES and EMI market is expected to increase at a handsome CAGR of 15.6% and 16.25% during the period of 2015-2020, respectively. The discrete industry sector is set to increase at an effective CAGR of 18.2 % and 15.4%, followed by process industry which is set to rise at an efficient CAGR of 12.4% and 17.4% respectively.
However, the manufacturers are utilizing the enterprise manufacturing intelligence solutions to observe and maintain the data from floor and transform them into actionable perceptions for decision making. The data is utilized to make procedure developments and utilize the right combination of applications that enables to streamline the procedure flow. Moreover, the growth is accredited to increasing investments in the manufacturing segment and effective improvements in the industrial automation. The Asia Pacific is predicted to be the wildest rising region which is predicted to be followed by Middle East & Africa during the review period. Whereas, the food and beverages sector is anticipated to be the fastest increasing, due to the demand of continuing the product quality principles in the food and beverage industry.
Regulatory, quality standards and government regulations, economic scenario, inflexible and legacy systems, shortage of visibility in and across the plant and return on the investments from the existing assets are the foremost factors for propelling the market growth more significantly. Therefore, in the coming years it is predicted that the market of manufacturing execution systems and enterprise manufacturing intelligence will increase more positively over the forecasted period.
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Global Manufacturing Execution System (MES) & Enterprise Manufacturing Intelligence (EMI) Market
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