Technavio Says Demand for Differentiated Products Will Expand the Manufacturing Execution Systems Market in the APAC Region Through 2019
By Business Wire News
By Business Wire News
Technavio, a tech-focused research firm, has published a new report on the manufacturing execution systems (MES) market in the APAC region,which is projected to grow at a CAGR of almost 17% from 2015-2019.
The new Technavio report specifies that growing demand from consumers is compelling manufacturers to cater to their needs with high-quality, differentiated products. MES enables service providers to switch from hectic paperwork to system-enabled operations, which is less time consuming and provides better decision-making capabilities.
“Growing demand for systems like manufacturing execution systems, which enable faster decision making in product development at low costs, is triggering market growth significantly,” says Faisal Ghaus, Vice President of Technavio.
The report also emphasizes the manufacturing industry, where operators are realizing the benefits of installing MES, which is being integrated continuously to newer IoT-connected smart devices. There is a need to leverage industrial internet of things, which is considered the next generation of operational technology.
“Systems that can collect, integrate, and analyze data from multiple sources, units, plants, and operations are highly preferred for faster decision making. In this regard, MES offers the ability to compare best practices and operations across sites and product offerings,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Manufacturing Execution System Market 2011-2015
- Manufacturing Execution System Market in Europe 2011-2015
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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