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Manufacturing Execution System Market Huge Growth| Key Players| Strategies| Industry Size| Technology Advancement| Forecast To 2032 - ABB Ltd., AVEVA plc, Dassault Systèmes, Honeywell International, Inc
Manufacturing Execution System Market
Manufacturing Execution System Market Size, Growth Rate, And Forecast
The global manufacturing execution system market size grew from $13.21 billion in 2022 to $14.73 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The manufacturing execution system market size is expected to grow to $22.89 billion in 2027 at a CAGR of 11.7%.
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Manufacturing Execution System Market Drivers
The increase in demand for mass production and a connected supply chain to cater to the growing population is expected to drive the manufacturing execution system market. The companies are increasingly investing in advanced software and AI-based systems to meet the fast-growing demand for mass production activities and connected supply chains. For instance, according the study published in the United Nations Industrial Development Organization, in the Q4 of 2021, global manufacturing production observed a year-on-year growth of 3.3%, following an increase of 5.8% and 17.8% in Q3 and Q2 respectively. Additionally, according to the study conducted by PwC, a Global Industry 4.0 Survey, it was reported that implementation of manufacturing execution systems in production lines contributed to a 30% increase in productivity and increased ROI from cost savings of 3% and additional revenue of 3%. Therefore, mass production and a connected supply chain are expected to boost the manufacturing execution system market.
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Manufacturing Execution System Market Segments
• By Offering: Software, Services
• By Deployment: On-premise, On-demand, Hybrid
• By Organization Size: Small and Medium Size Enterprise, Large Enterprise
• By Process Industry: Food & Beverages, Oil & Gas, Chemicals, Pulp & Paper, Pharmaceutical & Life Sciences, Energy & Power, Water & Wastewater Management, Other Process Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the manufacturing execution system market.
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Manufacturing Execution System Market Key Players
Major competitors in the manufacturing execution system market are ABB Ltd., AVEVA plc, Dassault Systèmes, Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG, SAP SE, General Electric Company, Oracle Corporation
The Business Research Company's "Global Manufacturing Execution System Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Manufacturing Execution System Market Include:
1. Executive Summary
2. Manufacturing Execution System Market Characteristics
3. Manufacturing Execution System Market Trends And Strategies
4. Manufacturing Execution System Market - Macro Economic Scenario
5. Manufacturing Execution System Market Size And Growth
………………
27. Manufacturing Execution System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Manufacturing Execution System Market
29. Manufacturing Execution System Market Future Outlook and Potential Analysis
30. Appendix
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