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Manufacturing Execution System Market - Efforts to Modernize Manufacturing Sector to Bolster Uptake

06-21-2018 01:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The global manufacturing execution system market is expected to reach a value of US$ 18,067.9 Mn by 2025 on account of the rising demand for improving productivity and executing complex production processes efficiently. The market is projected to expand at a CAGR of 11.2% during the forecast period from 2017 to 2025. The growth is attributed to growing investments in manufacturing sector and advancements in industrial automation.

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Asia Pacific is anticipated to be the fastest growing region which is expected to be followed by Middle East & Africa during the forecast period. Whereas, the food and beverages segment is expected to be the fastest growing, owing to the requirement of maintaining product quality standards in the food and beverage industry.

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Highly regulated industries such as medical device and equipment manufacturers require intensive internal and external reporting to comply with strict government regulations. Quality and uniformity is given the maximum importance in such highly regulated industries.

Download TOC @ https://www.transparencymarketresearch.com/report-toc/2724

In most developed countries, organizations in the bio-tech, pharmaceutical, food processing/packaging and medical devices sectors face tight regulations and stringent compliance standards.

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