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, 2021 - 2026
The EMI market will grow at a CAGR of 16.5% during the period 2018-2024. The MES market will grow at a CAGR of 15.6% during the period 2018-2024.
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EMI is a software used for bringing manufacturing-related data together from different sources for the purpose of analysing, reporting, and summarizing.The solution analyses company’s overalloperational performance using simple yet powerful data analysis, reporting andvisualization tools. Production, costs, process capability, equipment downtime,energy, quality, variance data and other Key Performance Indicator metrics canbe collected, aggregated, contextualized and displayed.Real-time plant statusvisibility, through dashboards, trending and data analysis, downtime andefficiency management, statistical process analysis and control.
MES is used by themanufacturers to retain specific manufacturing and engineering knowledge tocounter the loss of manufacturing and engineering skills and experience. Also,used to analyse and report resource availability and status, schedule andupdate orders collect detailed execution data such as material usage, labourusage, process parameters, order and equipment status, and other criticalinformation.
MES and EMI are one of the rapidly growing manufacturing software and service market. MES solutionsmake things happen in a plant, in a consistent manner, based on prior learningand expert knowledge. Whereas EMIprovides real-time plant status visibility, through dashboards, trending anddata analysis, downtime and efficiency management, statistical process analysisand control. These solutions have a major role within the organization,where it provides the manufacturing company with improved operations visibilityand facilitating real-time decision-making.
The EMI market willgrow at a CAGR of 16.5% during the period 2019-2025. The MES market will growat a CAGR of 15.6% during the period 2019-2025. The growth is due to the increasingconcern of visibility in the manufacturing cycle. Also, now companies requirestandardization of all the processes involved in manufacturing due to whichthey started using EMI and MIS solution Moreover, manufacturing organizationare being compelled to adhere with the standards and regulations formanufacturing, pollution, energy, quality, etc.
Both MES and EMIsolution are widely used and have become an industry have become an industrynorm and a key differentiator across most industries. Now vendors are trying tooffer both these solutions on cloud. Some of the major players include ABB,Honeywell, GE, Rockwell, Siemens, and Schneider Electric. The report alsoincludes companies for watch list such as Eazyworks, iTach Software, and ParsecAutomation.
This study coversand analyses “MES and EMI market” globally. Bringing out the complete keyinsights of this industry, this report aims to provide an opportunity forplayers to understand the latest trends, current market scenario, governmentinitiative and technologies related to the market. In addition, helps theventure capitalist in understanding the companies better and take informeddecisions.
Key Topics Covered:
1 Industry Overview
2 Report Outline
3 Market Snapshot
4 Market Characteristics
5 Trends & Roadmap
6 Enterprise Type: Market Size & Analysis
7 Product Type: Market Size & Analysis
8 Industries Type: Market Size & Analysis
9. Regions: Market Size & Analysis
10 Vendor Profiles
11 Companies to Watch For
12 Competitive Landscape
13 End-User Views
14 What our Peers are Estimating
Companies Mentioned
- ABB Ltd
- General Electric Company
- HCL
- Honeywell INC
- Parsec Automation Corporation
- Rockwell Automation
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