Press release
Top 10 Major Companies in Modern Manufacturing Execution System - ABB, Dassault Systems SE, SAP AG, Schneider Electric SE
A modern Manufacturing Execution System (MES) is a software solution designed to streamline, monitor, and optimize the entire production process in a factory. It acts as a central hub, bridging the gap between Enterprise Resource Planning (ERP) systems and the shop floor.
Market Overview:
The global Modern Manufacturing Execution System market has witnessed remarkable growth in recent years modern MES is a crucial tool for manufacturers aiming to optimize operations, improve quality, and gain a competitive edge in today's dynamic market. According to market research future (MRFR) report, The Modern Manufacturing Execution System market industry is projected to grow from USD 13.1 Billion in 2023 to USD 34.5 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.83% during the forecast period (2023 - 2030). Organizations across various industries, including IT, BFSI, healthcare, manufacturing, and retail, are increasingly investing in MES solutions.
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Key Market Segments:
By Offering:
• Software: This is the core component, encompassing functionalities like production scheduling, data acquisition, performance monitoring, and quality control.
• Services: This segment includes implementation, customization, integration with existing systems, training, and ongoing support.
By Deployment:
• On-premises: Traditional approach where the software is installed and run on the manufacturer's own servers.
• Cloud-based: MES is hosted on a cloud platform, offering scalability, remote access, and reduced IT burden for manufacturers.
• Hybrid: A combination of on-premises and cloud deployment, allowing manufacturers to leverage the benefits of both approaches.
By End-User Industry:
• Discrete Manufacturing: This segment caters to industries producing distinct units like automobiles, electronics, and machinery.
• Process Manufacturing: This segment focuses on industries dealing with continuous or batch processing like chemicals, food & beverages, and pharmaceuticals.
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Industry Latest News:
The emphasis on Industry 4.0 and digital transformation is a significant driver for MES adoption. Manufacturers are increasingly recognizing the need for real-time data, process optimization, and automation to remain competitive.
Modern MES solutions are incorporating advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) for predictive maintenance, anomaly detection, and real-time process optimization.
The MES market is witnessing consolidation as established players acquire smaller firms to expand their product portfolios and geographical reach.
Key Companies in Modern Manufacturing Execution System Market:
• ABB
• Andea Solutions Sp. z o.o.
• Dassault Systems SE
• Emerson Electric Co.
• GE Digital
• Honeywell Process Solutions
• Rockwell Automation, Inc.
• SAP AG
• Schneider Electric SE
• Siemens PLM Software, Inc.
• Werum IT Solutions GmbH
• Yokogawa Electric Corporation.
• SAP SE
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Market Drivers:
Rising Automation: The growing adoption of industrial automation in both discrete and process industries necessitates MES for efficient management and control of automated processes.
Demand for Enhanced Efficiency: Manufacturers constantly strive to optimize production and reduce costs. MES empowers them with real-time data and process control capabilities, leading to better decision-making and improved operational efficiency.
Growing Manufacturing Complexity: Modern manufacturing processes, especially in sectors like automotive and electronics, involve intricate assembly and customization. MES helps manage these complexities by providing a centralized platform for tracking production flow, ensuring quality control, and facilitating smooth operations.
Focus on Digital Transformation: Governments and businesses alike are actively embracing digitalization initiatives. MES serves as a crucial component in this transformation, enabling real-time data collection, analysis, and integration with other enterprise systems for improved visibility and control across the entire manufacturing value chain.
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Regional Insights:
North America dominates the global modern manufacturing execution system market. The largest market share attributes to the rapid automation & digital transformation and the early adoption of advanced technologies.
Besides, the strong presence of notable players and well-established development centers drives the market growth, increasing R&D investments to develop automation technologies and services. Moreover, the increasing adoption of digital automation processes across end-user industries boosts regional market growth.
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About Market Research Future:
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