Manufacturing Execution System (MES) Market Expected to Reach US$ 18,067.9 Mn by 2025

-
According to a new market report published by Transparency Market Research The global manufacturing execution system (MES) market is expected to reach a value of US$ 18,067.9 Mn by 2025 on account of the rising demand for improving productivity and executing complex production processes efficiently. The market is projected to expand at a CAGR of 11.2% during the forecast period from 2017 to 2025. The growth is attributed to growing investments in manufacturing sector and advancements in industrial automation. Asia Pacific is anticipated to be the fastest growing region which is expected to be followed by Middle East & Africa during the forecast period.

Whereas, the food and beverages segment is expected to be the fastest growing, owing to the requirement of maintaining product quality standards in the food and beverage industry. Further, demand for MES solutions is expected to surge in coming years due to rise in demand for paperless operations from manufacturing industries in developing countries such as China, India and Brazil.

Highly regulated industries such as medical device and equipment manufacturers require intensive internal and external reporting to comply with strict government regulations. Quality and uniformity is given the maximum importance in such highly regulated industries. In most developed countries, organizations in the bio-tech, pharmaceutical, food processing/packaging and medical devices sectors face tight regulations and stringent compliance standards. Furthermore, manufacturing industries are experiencing increasing overhead and material costs.


In addition, competitive economic conditions are compelling manufacturers to increase production in a cost effective manner. This in turn is leading to growing demand for implementation of industrial control systems aimed at optimizing processes and providing better visibility of the shop floor.

Manufacturing execution system market is segmented on the basis of process industry, discrete industry and components. According to the research study, the global manufacturing execution system market by process industry was dominated by the oil & gas segment with a significant market share in 2016, owning to the factors such as rising demand for automation in oil and gas industries for improving production efficiency. The primary function of MES in the oil and gas sector includes applications to manage short term scheduling of operations and long term planning.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more