MES software investment to reach $5.4 billion in 2031 - report
Summary
In particular, the global technology intelligence firms research found a growing move to cloud-based MES software as well as tactics and best practices for integrating and automating the use of production data with the help of modern architecture. Further, the newer companies are pushing significant changes in the MES market by introducing innovative functionality, including cloud-native design and tools for citizen developer communities that make it quick and easy to create applications that serve not only enterprise-level manufacturers but also SMEs. "Whereas MES software was once a large and expensive investment, its delivery through the cloud and availability as SaaS, makes it more accessible to a broader base of manufacturers, including those with lower CAPEX budgets," Prestwood adds. These findings come as part of ABI Researchs application analysis report, Manufacturing Execution Systems (MES): Their Future and Place in the Modern Factory. However, in its new whitepaper, Data Governance: Definitions, Challenges, and a Universal Framework, global technology intelligence firm ABI Research argues that the current laws and regulations do not go far enough.