Press release
Manufacturing Execution System Global Market to Generate $24.52 Billion By 2028, Registering at a CAGR of 11.6% | ABB Ltd.,AVEVA Group plc, Dassault Systèmes, CIMON Inc., Andea Solutions
Manufacturing Execution System Global Market
The Business Research Company offers in-depth market insights through Manufacturing Execution System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The manufacturing execution system market size has grown rapidly in recent years. It will grow from $14.25 billion in 2023 to $15.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to demand for operational efficiency, compliance and quality management, lean manufacturing practices, quality control and traceability, workforce productivity enhancement..
The manufacturing execution system market size is expected to see rapid growth in the next few years. It will grow to $24.52 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to advanced analytics and predictive maintenance, supply chain resilience, energy efficiency optimization, paperless manufacturing operations, regulatory compliance and reporting, supply chain integration and visibility.. Major trends in the forecast period include integration with industry 4.0 and smart manufacturing, cloud-based mes solutions, real-time data analytics and reporting, focus on cybersecurity,collaboration with erp systems, ai-driven process optimization, digital twin integration. .
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Market Segmentation:
The manufacturing execution system market covered in this report is segmented -
1) By Offering: Software, Services
2) By Deployment: On-premise, On-demand, Hybrid
3) By Organization Size: Small and Medium Size Enterprise, Large Enterprise
4) By Process Industry: Food & Beverages, Oil & Gas, Chemicals, Pulp & Paper, Pharmaceutical & Life Sciences, Energy & Power, Water & Wastewater Management, Other Process Industries
Major Driver - Growing Demand For Mass Production And Connected Supply Chains Boosting Manufacturing Execution System Market
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 to the study published by the United Nations Industrial Development Organization, in 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 industry.
Competitive Landscape:
Major companies operating in the manufacturing execution system market report are ABB Ltd.,AVEVA Group plc, Dassault Systèmes, Honeywell International Inc., Rockwell Automation Inc.,Siemens AG,Schneider Electric SE,Dassault Systèmes,Emerson Electric Co.,General Electric Company,Honeywell International Inc.,Werum IT Solutions,Parsec Automation Corp.,PTC Inc.,Yokogawa Electric Corporation,SAP SE,Schneider Electric SE,Lighthouse Systems,Critical Manufacturing,Cogiscan Inc.,Andea Solutions,Plex Systems Inc.,Sanmina Corporation,Applied Materials Inc.,L&T Technology Services,ATS Global B. V.,MPDV Mikrolab GmbH,CIMON Inc.,Prolink Technologies,Aegis Industrial Software Corporation
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Top Trend - Latest Mes Version To Address The Need For Improved Operational Efficiency
Major companies operating in the manufacturing execution system market are launching latest version of MES to address the need for improved operational efficiency. The latest MES (Manufacturing Execution System) version is the most current and up-to-date release of the software, providing the latest features, improvements, and bug fixes for managing and monitoring manufacturing processes. For instance, in February 2023, AVEVA, a UK-based corporate payment specialist, launched AVEVA Manufacturing Execution System 2023, which offers improvements for multi-site MES solutions, streamlining operational efficiency, sustainability, and supply chain resilience. This update allows for a single centrally deployed MES across various locations, reducing the total cost of ownership. It also incorporates worker shift management, enhanced security, and supports multi-site MES data center deployments across different time zones, languages, and cultures. This release aims to help manufacturers achieve digital transformation and increased agility and resilience in a post-pandemic world.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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