Manufacturing Execution Systems Market Set for Rapid Expansion during Forecast Period 2022-2027

Manufacturing execution systems (MES) are the backbone of successful manufacturing processes. As a software solution, MES are critical to connect multiple plants, real-time production information, and enterprise business applications. Due to their easy integration with manufacturing equipment and controllers, MES are vital to gain comprehensive visibility into manufacturing processes, while enabling optimization of various production cycles across the organization. Today, as businesses across the globe race to embrace the Fourth Industrial Revolution, the need for competent manufacturing execution systems is on a consistent rise. Moreover, the global call to develop agile, sophisticated, cost-efficient, and high-speed production facilities is expected to further increase the demand for MES. Capitalizing on these promising trends, prominent industry leaders in the manufacturing execution systems market are projected to engage in rigorous R&D, profitable collaboration, and open innovation endeavors.

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Transition to Industry 4.0 Set to Create Favorable Business Opportunities

As the world enters the new normal, embracing emerging technologies has evolved into a key priority for next-generation organizations. Business across the globe are rapidly adopting novel technologies to enhance operational efficiency and gain higher ROIs. This move is supported by the transition to Industry 4.0. The manufacturing sector, in particular, has observed sound adoption of IoT, AI, automation, machine learning, and cloud technologies. This is projected to bring viable business benefits, creating sound business prospects for the manufacturing execution systems market. MES can enable decision-makers to considerably lower operational costs, enhance enterprise-wide productivity, and reduce human intervention. As a result, manufacturing execution systems position organization to better manage uncertainty and respond resiliently. All this is set to create headways for robust growth in the manufacturing execution systems market.

Pharmaceuticals and Life Sciences Industry to Attract Higher Demand for MES

The main end-use industries in the manufacturing execution systems market include pharmaceutical and life sciences, food and beverages, oil and gas, and chemicals among some others. During the forecast period, the demand for MES is poised to be higher in the pharmaceutical and life sciences industry. In this industry, growing need for agile production, concerns around counterfeit drugs, widespread usage of track and trace solutions, strict regulatory compliance, and changing customer behavior are expected to be the foremost market drivers. Consequently, over the study period, the pharmaceuticals and life sciences industry is expected to garner remarkable growth in the global manufacturing execution systems market. This favorable business landscape is also projected to positively influence partnerships, R&D initiatives, and joint ventures among major players in the manufacturing execution systems market.

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Asia Pacific Emerges as Key Regional Player as Resources Remain Affordable

Asia Pacific is set to emerge as a highly promising region in the global manufacturing execution systems market. In this region, strong commitments to further the cause of Industry 4.0, coupled with the availability of relatively cheaper resources, are expected to increase the demand for MES. Moreover, emerging and leading economies in APAC are driven towards replacing legacy MES with advanced MES, creating lucrative outcomes and unlocking fruitful opportunities in its manufacturing execution systems market. These positive trends are complemented by government schemes pertaining to digital transformation, automation, and industrial development.

Some of the major market players in the global manufacturing execution systems market include Rockwell Automation, Honeywell International Inc., Siemens AG, Werum IT Solutions, Dassault Systèmes SE, ABB Ltd., and AVEVA Plc.

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By Offering

• Software
• Services
o Implementation
o Software Upgrade
o Training
o Maintenance

By Organization Size

• Small and Medium Size Enterprise
• Large Enterprise

By Deployment

• On-premise
• On-demand
• Hybrid

By Industry

• Pharmaceutical & Life Sciences
• Food & Beverages
• Oil & Gas
• Chemicals
• Pulp & Paper
• Energy & Power
• Water & Wastewater Management
• Others (Packaging, Cement, and Metals & Mining)

By Region

• North America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa (MEA)
• South America

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