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Manufacturing Execution System Market Progress Rapidly Due to rising need for connected supply chains in various manufacturing industries across the globe - GIS Reports
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A Manufacturing Execution System (MES) is a software application that provides a comprehensive real-time overview of the manufacturing process. MES systems are used to track and control production processes, including the movement of materials, the assembly of products, and the testing and quality assurance of finished products. MES systems can also be used to monitor and optimize the performance of manufacturing equipment, and to track and report on the production of individual products.
MES systems are typically deployed on a factory floor, in close proximity to the manufacturing equipment they are monitoring. This allows for real-time data collection and analysis, and for the execution of control commands in near-real-time. MES systems are often integrated with other enterprise software applications, such as Enterprise Resource Planning (ERP) and Product Lifecycle Management (PLM) systems.
Key Players
Some of the key players mentioned are ABB Ltd (Switzerland), AVEVA Group plc (Schneider Electric) (UK), Dassault Systèmes (France), Emerson Electric Co. (US), General Electric Company (US), Honeywell International Inc. (US), Oracle Corporation (US), Rockwell Automation Inc. (US), SAP SE (Germany), and Siemens (Germany).
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Market Segments
The Manufacturing Execution System Market has been segmented into Offering, Deployment Type, Industry Type, and Region. Based on the Offering, the Manufacturing Execution System market is bifurcated into Software and Services. On the basis of Deployment Type, the market is bifurcated into On-Premise and Cloud-Based. Based on Industry Type, the market is bifurcated into Process Industry and Discrete Industry. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.
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Key Drivers & Trends
The rising need for connected supply chains in various manufacturing industries across the globe is a key factor projected to drive growth. The growing popularity of manufacturing execution systems among global manufacturers for efficient and enhanced productivity with the help of real-time information helps in lowering production costs as well as fostering market growth globally.
Furthermore, increased investment in development activities by large market players to eliminate non-value factors, systematic and standard processing among all plants, analysis of the problems and immediate resolutions, constant product and service enhancement, and reduction in cost by effective resource utilization are also expected to boost the demand and adoption of MES with a significant growth rate in the coming years.
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