|By Business Wire||
|January 6, 2014 02:28 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/2sfnc3/mes_market_in) has announced the addition of the "MES Market in North America 2012-2016" report to their offering.
The analysts forecast the MES market in North America to grow at a CAGR of 11.93 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for better control and visibility. The MES market in North America has also been witnessing the increasing demand for MES solutions. However, the high initial investment could pose a challenge to the growth of this market.
The key vendors dominating this market space are Invensys plc, GE Co. and Rockwell Automation Inc.
Other vendors mentioned in the report are ABB Ltd., Applied Material Inc., Apriso Corp., Aspen Technologies Inc., Camstar Systems Inc., Emerson Process Management, Eyelite Inc., Honeywell International Inc., IBM Corp., Oracle Corp., SAP AG, Schneider Electric Co., Siemens AG, and Werum Software & Systems AG.
Commenting on the report, an analyst from the team said: Web-based MES provides complete real-time information from production plants, which increases the visibility of the production process. A web-based MES integrates with various production plants at the shop floor level and shares the information gathered through a common database. Thus, it helps improve the decision-making system and reduces the overall total cost of ownership. Therefore, the cost effectiveness of this solution is expected to enhance the demand for web-based MESs in many cost-sensitive industries.
According to the report, one of the major drivers is the need for better control and visibility. An MES provides better control and visibility of an entire production plant, which attracts manufacturing companies to adopt MES solutions.
Further, the report states that a major challenge in the market is the high initial investment. Organizations across process industries worldwide find it difficult to shift from their legacy system to the latest technology due to the high cost of MES solutions. MES requires huge investment not only for its installation, but also for regular upgrades and integration and support.
For more information visit http://www.researchandmarkets.com/research/2sfnc3/mes_market_in
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