Real-time Data Analysis to Define Next Generation of Manufacturing Systems
MOUNTAIN VIEW, CA — The need for extensive plant visibility and streamlined multi-plant operations is reenergizing the manufacturing execution systems (MES) market across the globe. Demand will continue to grow, even among small and mid-scale end users, as solution providers develop cost effective MES solutions specific to particular industry verticals.
New analysis from Frost & Sullivan, Strategic Analysis of the Global MES Market, finds that the market earned revenues of $4.58 billion in 2013 and estimates this to reach $8.64 billion in 2020 at a compound annual growth rate of 9.5 percent. Hybrid industries, particularly the pharmaceutical, life sciences and food and beverage sectors, hold the greatest opportunities for MES providers.