Press release
Manufacturing Execution Systems (MES) Market Worth $17.83 Billion by 2030
Manufacturing Execution Systems Market
However, the complexities in deploying MES in various industries pose challenges to the growth of this market. Additionally, the requirement for significant capital investments and upgradation & maintenance costs are restraining market growth.
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The global manufacturing execution systems market is segmented by offering, deployment mode, process industry, discrete industry and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Based on offering, the global manufacturing execution systems market is segmented into software and services. The services segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing significance of the post-implementation procedure of several industrial execution systems. Other factors anticipated to drive the growth and demand for the services segment over the forecast period include improved efficiency, decreased waste, and shorter output times in the manufacturing process of various applications in industries such as food & beverages, pharmaceuticals, and consumer packaged goods, among others.
Based on deployment mode, the global manufacturing execution systems market is segmented into on-premise deployment, on-demand deployment, and hybrid deployment. In 2023, the on-premise deployment segment is expected to account for the largest share of the global manufacturing execution systems market. This segment's large market share is attributed to manufacturers' increasing adoption of MES to retain all their existing processes and internal systems, such as authentication and access credentials.
Based on application, the global manufacturing execution systems market is segmented into monitoring, production control, production documentation, production disposition, inventory management, maintenance, quality management, plant-wide production planning and other applications. In 2023, the monitoring segment is expected to account for the largest share of the global manufacturing execution systems market. The large market share of the segment is attributed to the growing need to analyze real-time data to provide better performance contextually and automate workflows, product transactions, and manual tasks to ensure top accuracy.
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Based on end-use industry, the global manufacturing execution systems market is segmented into process industry and discrete industry. In 2023, the discrete industry segment is expected to account for the largest share of the global manufacturing execution systems market. In industries such as automotive manufacturing plants, consumer packaged goods, and medical devices, manufacturing execution systems are used to deliver information that enables the optimization of production activities from order launch to finished goods. The use of manufacturing execution systems in discrete industries helps to efficiently monitor the performance of the manufacturing processes comprising the production of a variety of modules and parts, devices and many other countable goods as per customer demands. The production of goods requires to be done in a serial production process; thereby, MES deployed to track industrial processes helps obtain efficient outputs.
Based on geography, the global manufacturing execution systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global manufacturing execution systems market. The region's large market share is attributed to the presence of several MES key players, such as Rockwell Automation, Inc. (U.S.), AVEVA Group Plc (U.K.), Applied Materials Inc. (U.S.), Oracle Corporation (U.S.), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Epicor Software Corporation (U.S.), and Infor Equity Holdings LLC (U.S.).
Moreover, North America's strong financial position enables it to invest heavily in advanced solutions and technologies that have provided a competitive edge in the market. Also, the region is viewing several partnerships by market players, which is helping them combine their solutions and offerings to increase their market presence.
Key Players:
The key players profiled in the global manufacturing execution systems market study include Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), SAP SE (Germany), ABB Ltd (Switzerland), Dassault Systèmes S.A. (France), AVEVA Group Plc (U.K.), Applied Materials Inc. (U.S.), Oracle Corporation (U.S.), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Epicor Software Corporation (U.S.), Infor Equity Holdings LLC (U.S.), Eyelit Inc. (Canada), Aegis Industrial Software Corporation (U.S.) and Critical Manufacturing, S.A. (Portugal).
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Key Questions Answered in the Report:
Which are the high-growth market segments based on offering, deployment mode, process industry, discrete industry and geography?
What is the historical market size for manufacturing execution systems across the globe?
What are the market forecasts and estimates for the period 2023-2030?
What are the major drivers, restraints, opportunities, and challenges in the global manufacturing execution systems market?
Who are the major players in the market, and what are their market shares?
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