|By PR Newswire||
|March 25, 2014 09:49 PM EDT||
SYDNEY, March 25, 2014 /PRNewswire/ -- The Australian manufacturing execution systems (MES) market has been riding a crest with escalating demand from the metals & mining industry due to the influx of foreign direct investment from China and India. Some of the other prominent end-user industries include oil and gas, chemicals and petrochemicals, and food and beverage.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Analysis of the ANZ Manufacturing Execution Systems Market, finds that the market earned revenues of $22.8 million in 2013 and estimates this to reach $31.1 million in 2017.
"Manufacturing processes, especially in mining, oil and gas, and chemicals, are becoming highly sophisticated, generating large volumes of data every day," said Frost & Sullivan Industrial Automation & Process Control Senior Research Analyst Vandhana Venkatesan. "With the emergence of big data concepts and data analytic functions, companies have begun using MES platforms to gather and analyze this data, which is later used to make critical decisions in the manufacturing process."
Technological advancements such as web-based and mobile-based plant information, which raises the complexity of end-users' operations, are also likely to expand the market for MES.
While its utility is undisputed, MES' implementation is challenging. The system requires expensive integration with IT systems and plants, which deters several end users from investing in it. MES vendors could mitigate this challenge to some extent by initiating training for end users, thereby building customer loyalty and facilitating better maintenance of the systems.
The MES market is also receiving a boost from the rising energy costs in ANZ. In a bid to lower energy consumption, end users are increasingly monitoring their manufacturing processes by installing MES.
Market participants are making the most of the demand by integrating their systems with energy management solutions. Such integrated systems allow end users to conduct data analysis and simultaneously keep a close watch on energy consumption.
"MES manufacturers can further intensify demand by mapping sustainability of production process, such as the use of alternate energy source and optimum utilization, on their systems," noted Venkatesan.
If you are interested in more information on this study, please send an email to [email protected], with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Analysis of the ANZ Manufacturing Execution Systems Market is part of the Industrial Automation & Process Control Growth Partnership Service program. Frost & Sullivan's related studies include: Southeast Asia and ANZ Automation & Software Solutions Market for the Chemical & Petrochemical Industry, World Manufacturing Execution Systems (MES) Market, Strategic Analysis of the Global MES and ECQM Market for the Regulated Industries, Strategic Analysis of the Indian Manufacturing Execution Systems (MES) Market and Automation and Controls Market in Southeast Asia and Australia-New Zealand. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the ANZ Manufacturing Execution Systems Market
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SOURCE Frost & Sullivan