Manufacturing Execution System (MES) Market Forecast and Trends Analysis Research Report 2020-2027

Manufacturing Execution System (MES) Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global manufacturing execution system market is predicted to witness an upsurge in demand during the forecast period. This is mainly due to the strong demand for mass production and connected supply chain to fulfill the rapidly growing population need worldwide. Moreover, the increasing utilization of industrial automation, reduced deployment cost, particularly in process and discrete industries, coupled with the rising importance of regulatory compliance, are some other factors bolstering the growth of the manufacturing execution system market share in terms of revenue. The manufacturing industry is investing in the plant floor's automation to improve productivity, which will fuel the growth of the market.

Manufacturing industries have a hectic schedule as an immediate response is needed by them towards the significantly changing preferences of the customer. MES allows supervisors, technicians, and supervisors to follow the record and efficiently examine the activities of the shop floor. MES solutions improve quality, reduce lead times, surges production processes' effectiveness, and decrease manufacturing costs. The incorporation of advanced technology that includes the Internet of Things (IoT) for field operations and smart manufacturing is further augmenting the growth of the manufacturing execution system market size in the upcoming years. Manufacturing enterprises are drastically shifting towards the incorporation of IoT to enhance the productivity of the plant. The introduction of IoT into MES allows real-time monitoring in the manufacturing process and helps the companies execute integrated management and control. On the other hand, the factors that are hindering the growth of the market include increased investment and running costs regarding MES.

Offering Segment Drivers

Based on the offering, the service segment is anticipated to grow at a faster CAGR during the forecast period. This is mainly due to its enhanced efficiency, followed by the capability to decrease wastage and time. The services such as solution migration and enhancement, product evaluation, application configuration, multi-level support services, customization, analysis, and selection services are propelling the market growth.

Manufacturing Execution System (MES) Market’s leading Manufacturers:

·        Honeywell International, Inc.

·        Rockwell Automation, Inc.

·        AVEVA plc

·        Siemens AG

·        Dassault Systèmes SE

·        ABB Ltd.

·        SAP SE

·        Werum IT Solutions GmbH

·        Applied Materials, Inc.

·        Oracle Corporation

Manufacturing Execution System (MES) Market Segmentation:

Segmentation by Offering:

·        Software

·        Service

Segmentation by Deployment:

·        On-Premises

·        On-Demand

·        Hybrid

Segmentation by Process Industry:

·        Food & Beverages

·        Oil & Gas

·        Chemicals

·        Pulp & Paper

·        Pharmaceutical & Life Sciences

·        Energy& Power

·        Water & Wastewater Management

·        Others

Segmentation by Discrete Industry:

·        Automotive

·        Aerospace & Defense

·        Medical Devices

·        Consumer Packaged Goods

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

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