Frost & Sullivan: Higher Offshore Investments in Australia's Metals & Mining Industry Boost MES Market

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Frost & Sullivan: Higher OffshoreFrost & Sullivan: Higher Offshore Investments in Australia's Metals & Mining Industry Boost MES Market PR Newswire SYDNEY, March 26, 2014 -- Rising energy costs make a case for systems that help lower energy usage 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.

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• Published by: frost-sullivan
• Published: 25 March 2014
• Reads: 8
• Language: English

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Frost & Sullivan: Higher Offshore Investments in Australia's Metals & Mining Industry Boost MES Market

PR Newswire

SYDNEY, March 26, 2014

-- Rising energy costs make a case for systems that help lower energy usage

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.