Keywords: Manufacturing Execution System (MES), Discrete Industries, Manufacturing Intelligence, Industrial Internet of Things (IIoT), Analytics
The global Manufacturing Execution Systems (MES) market for discrete industries is increasing in all regions of the world, driven by improving economic conditions, new digital technologies, the Industrial IoT, and the need for product innovation and collaboration, as well as the need to increase efficiency, and this growth will continue. The use of new analytic tools and real time information, intelligence, new platforms, and other technologies such as digital dashboards and mobile devices will continue to drive demand for MES.
Smart and Innovative Product Technologies
“There are disruptive and smart software technologies and market dynamics that will drive implementation over the next five years. For example, new tech savvy workers are driving innovative use of new tools and technologies such as the industrial IoT, dashboards, situational and location aware software, and apps for phablets and smartphones, and new analytic tools for insights—all drivers for MES applications. These newer, smart technologies and next-generation architectures offer better integration, intelligence, collaboration, analytic tools, and visibility that are more intuitive, intelligent, easier to use, and improve time to value,” according to Principal Consultant Janice Abel, the principal author of ARC’s “Manufacturing Execution Systems for Discrete Industries Global Market Research Study”.
IoT, Analytics, Operations, and Manufacturing Intelligence Lead to Actionable Decisions
Executives are realizing immense value from using MES to increase process performance. MES solutions are already integrating to the newer IoT-connected smart devices as well as the older devices still in place that companies cannot afford to replace immediately. Furthermore, according to Janice Abel, “MES and the intelligence provided leads to better knowledge, insight, and actionable decisions that improve productivity. To leverage the Industrial IoT – including all the data from the newer digital sensors and technology applications effectively – organizations must be able to collect, integrate, contextualize, and analyze the data from multiple data sources, units, plants, and applications and use this information for faster decision making. By analyzing data and making information and intelligence instantly available across the enterprise requires the ability to leverage and contextualize ALL data quickly — big or small, IoT, etc. — and linking to other databases and systems to enable real-time intelligence that can lead to efficiency improvements such as improved quality, reduced raw material waste, energy management and reduced downtime. MES solutions that include manufacturing intelligence applications are growing quickly and will become even more important as tools become more intuitive, situational and location aware and offer the ability to compare best practices and functions across sites, product types, or make changes in real-time.”
Manufacturing execution systems are integrated software applications that provide manufacturers with the means to plan and schedule, track and analyze using advanced analytic tools, and direct and operate their operations. This market research report describes market growth, trends, and market challenges from 2014 through 2019 for both suppliers and end users who are interested in obtaining a better understanding of the market, know who the leading suppliers are in each industry and geography, and to understand how market conditions change and affect the technology throughout the forecast period including new features and capabilities.
For more information on this study, please visit our Market Research section.