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Enforcement of Strict Regulations and Quality Standards Spurs Manufacturing Execution Systems Market in India Finds Frost & Sullivan - Chemicals, Food & Beverage and Pharmaceutical industries expected to be the fastest growing end-user segments - IndustrialAutomation.Frost.com
Enforcement of Strict Regulations and Quality Standards Spurs Manufacturing Execution Systems Market in India Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2014/04/09 - Chemicals, Food & Beverage and Pharmaceutical industries expected to be the fastest growing end-user segments - IndustrialAutomation.Frost.com.

   
 
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The slowdown in manufacturing activity in India due to a lack of clearly-defined growth policies has created the need for process and discrete industries to adopt manufacturing execution systems (MES).The adoption of MES can help lower the cost of production, optimize and standardize business processes, and improve operational excellence. Realizing this, even multinational companies who have set up manufacturing facilities in India are investing in MES as a means to integrate the global value chain, enable sustainable production activities, and gain increased visibility into the manufacturing processes.

New analysis from Frost & Sullivan, Analysis of the Manufacturing Execution Systems (MES) Market in India, finds that the market earned revenues of INR 1.81 billion in 2013 and is estimated to exceed INR 4.00 billion by 2018. The chemicals, food and beverage, and pharmaceutical industries are expected to be the fastest growing end-user segments over the forecast period.

"The need to comply with stringent regulations and quality standards is driving the demand for MES in India," noted Frost & Sullivan Analyst. "A key regulatory measure fuelling the uptake of MES is the ‘Sarbanes-Oxley Act’ that requires the companies to disclose any material changes in financial conditions or operations on a real-time basis to the public."

Apart from the need to comply with regulatory and quality standards, end users’ need for increased visibility into manufacturing process drives the MES market growth. Manufacturing companies faced with intense competition and the need to deliver cost-effective and innovative products have been strictly focusing on optimizing production activities, while adopting good manufacturing practices. The need to achieve these vital metrics on a real-time basis is possible when the visibility into manufacturing processes and activities increases. Additionally, the increasing acquisition scenario amidst end users drives MES market growth due to the need to standardize global manufacturing practices.

The ability of MES solutions to collect manufacturing related data and pass the same on to ERP, which is the next layer in business architecture, has been driving the acceptance of MES solutions across various end users. This enables companies to link plant floor data with business goals (shop-floor to top-floor integration) and enables them to devise real-time business-related decisions.

"Suppliers can largely mitigate the challenge of inadequate awareness by adopting a consultative approach to understand the exact requirements of customers and educating them on the benefits of MES implementation," concluded the analyst. "System integrators with the requisite technical know-how and expertise will play a particularly important role in achieving these objectives."

In addition, market participants should roll out MES that are flexible, reliable, and can be seamlessly integrated with plant and enterprise solutions to expand their customer base in India.

However, the lack of awareness on the scope, capabilities, and advanced functionalities of MES, especially among small-sized and medium-sized enterprises in the general manufacturing segment, is limiting the market expansion.

If you are interested in a virtual brochure, which provides a brief synopsis of the study and a table of contents, then send an email to Priya George / Akshata Mhatre, Corporate Communications, at priyag[.]frost.com / akshatam[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

Analysis of the Manufacturing Execution Systems (MES) Market in India is part of the Industrial Automation & Process Control (industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Industrial Valves and Actuators Market, Global Product Lifecycle Management Market in Discrete Industries, Global Programmable Logic Controllers Market, and North American Industrial Valves and Actuators Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Analysis of the Manufacturing Execution Systems (MES) Market in India / P72C-10

Media Contact: Nimisha Iyer - Corporate Communications South Asia, Middle East & North Africa
M: +91 98 20050519 / P: +91 22 66072007 - E: niyer[.]frost.com.

 
 
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Enforcement of Strict Regulations and Quality Standards Spurs Manufacturing Execution Systems Market in India Finds Frost & Sullivan

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