Press release from Business Wire India
Source: Frost & Sullivan
Tuesday, August 17, 2010 12:12 PM IST (06:42 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Automotives, Business services, Chemicals, Information technology; Technology; Automotive
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Manufacturing Execution Systems (MES): Enhancing Plant Automation in India Says Frost & Sullivan Report
Mumbai, Maharashtra, India, Tuesday, August 17, 2010 -- (Business Wire India) -- Growing competition in the Indian manufacturing sector has led to increased adoption of Manufacturing Execution Systems (MES). With IT service providers playing a bigger role in the Indian manufacturing sector, many international and domestic participants are entering the Indian MES market. The Indian MES Market is above US$ 30 million and will grow at a CAGR in excess of 18 percent from 2010 to 2016.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), on the Indian Manufacturing Execution Systems (MES) Market includes analysis of the MES market size in India, competitive landscape, market drivers, restraints and end-user preferences. If you are interested in more information on this study, please send an e-mail to Caroline Lewis / Nimisha Iyer, Corporate Communications, at caroline.lewis@frost.com / niyer@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.
MES delivers information that enables the optimization of production activities from order launch to finished goods. Using current and accurate data, MES guides, initiates, responds to, and reports on plant activities as they occur. The resulting rapid response to changing conditions, coupled with a focus on reducing non value-added activities, drives effective plant operations and processes.
"Increasing competition among Indian manufacturers has heightened the need for a seamlessly integrated productivity enhancement tool such as MES to maintain operational excellence. With limited direct presence of global MES vendors in India, IT service providers will play a significant role in influencing MES adoption among end-user industries," notes Senior Research Analyst Kalpesh Padhye.
Need for real-time information to improve operational efficiency and need to comply with regulatory standards, such as FDA regulations, are the two main drivers that will stimulate MES growth in the Indian market. However, easy availability of low cost labor and significant integration costs with ERP and other automation systems are major restraining factors for MES implementation.
The oil and gas industry accounts for majority of the Indian MES market. The MES implementation in the pharmaceutical industry and food and beverage industry would witness a rapid growth. Other end-user industries such as consumer packaged goods, steel, specialty chemicals, automotive and auto ancillary are also expected to large number of MES implementations.
"The Indian Oil and Gas, Automotive and Steel sectors are already benefitting from MES operating in few of their plants. In the next five years, Pharmaceutical and Food & Beverage companies in India will witness an increase in MES implementations to comply with regulatory requirements," observes Research Analyst Ashwin Haleyur
The study will benefit MES solution providers and integrators, and includes key market dynamics, highlighting the current state of MES adoption in India, market opportunities and provides projections for the Indian MES market.
Strategic Analysis of the Indian Manufacturing Execution Systems (MES) Market is part of the Industrial Automation subscription, which analyzes the key drivers influencing growth, challenges, restraints, and provides an understanding of the attributes that influence MES vendor selection, besides giving insights on the competitive environment. This research service presents a comprehensive analysis of the Indian MES market. Revenue analysis and market forecasts for the next seven years for each end-user industry have been provided.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Strategic Analysis of the Indian Manufacturing Execution Systems (MES) Market
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CONTACT DETAILS
Caroline Lewis Corporate Communications - South Asia, Frost & Sullivan, +91 9821737935, caroline.lewis@frost.com
Tanu Chopra Corporate Communications - Middle East, Frost & Sullivan, +91 (22) 40013437, tanuc@frost.com
Nimisha Iyer Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 9820050519, niyer@frost.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, AUTOMOTIVE, BUSINESS SERVICES, CHEMICALS, IT, TECHNOLOGY, AUTOMOTIVE
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