From automating and streamlining labor-intensive shop floor procedures to galvanizing production centers to common supplier, production and quality standards, Manufacturing Execution Systems (MES) deliver value daily across a diverse base of industries. Ingraining compliance and quality management deep into an organization needs to encompass each phase of a company’s value chain, from the shop floor to the top floor.
Every manufacturer is on a journey to compliance and quality management excellence. Manufacturing Execution Systems (MES) are the catalyst driving many to continually improve, and that market dynamic is reflected in the following roundup of Manufacturing Execution Systems forecasts and market estimates.
- IDC predicts the worldwide spending on all operations and manufacturing applications including Manufacturing Execution Systems will increase from $7.3B in 2014 to $9.1B in 2017, attaining a 5.49% compound annual growth rate in the forecast period. $1.9B will be invested by discrete manufacturers in operations and manufacturing technologies in 2014, and $1.47B will be invested by process manufacturers this year. Source: Worldwide Manufacturing IT Spending Guide, Version 1, 2012–2017.
- By 2017, IDC is forecasting discrete manufacturers will spend $2.4B and process manufacturers will invest $1.87B. $4.3B will be invested in operations and manufacturing applications (including MES) in 2017 according to IDC’s latest forecast. Source: Worldwide Manufacturing IT Spending Guide, Version 1, 2012–2017.
- The demand for MES software in the Asia-Pacific (APAC) region is expected to grow at a 16.06 compound annual growth rate (CAGR) from 2012 to 2016. Source: http://www.technavio.com/report/mes-market-apac-region-2012-2016.
- The Manufacturing Execution Systems (MES) Market will be worth $13.59B by 2020, attaining an estimated CAGR of 12.61% in the forecast period of 2014 – 2020. Source: http://new.pitchengine.com/pitches/743fe9c3-146c-472d-b63e-b303bd4ba81c
- Manufacturers are increasingly turning to industrial controls and factory automation to accelerate production workflows. MES systems are becoming strong catalysts of growth for the industrial control and factory automation market as a result. Markets & Markets is forecasting the worldwide market for industrial controls and factory automation to grow at a compound annual growth rate of 8.53% from 2014 to 2020. Source: http://www.cnbc.com/id/101905682 .
- Frost & Sullivan sized the worldwide MES market at $200M in 2012, growing at a steady compound annual growth rate of 10% through 2016. Source: Frost & Sullivan
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