Press release
Manufacturing Execution System (MES) Market to Reach USD 39.67 Billion by 2029, Exhibiting a CAGR of 12.05%
Within its comprehensive market overview, this Manufacturing execution system (MES) market report dissects market drivers, restraints, opportunities, and challenges, offering invaluable insights that empower businesses to make informed decisions. Tailored to cater to customer requirements, this report becomes an invaluable tool in enhancing return on investment (ROI) for businesses. The estimations of Compound Annual Growth Rate (CAGR) values play a pivotal role, aiding businesses in strategic investment planning over the specified period. This Manufacturing execution system (MES) market research report doesn't just scratch the surface; it conducts a systematic and comprehensive study, presenting factual and statistical insights pertinent to various facets within the marketing domain.
Data Bridge Market Research analyses that the manufacturing execution system (MES) market will exhibit a CAGR of 12.05% for the forecast period of 2022-2029. Therefore, the manufacturing execution system (MES) market value would rocket up to USD 39.67 billion by 2029.
Overview of Manufacturing execution system (MES) market:
Growth and expansion of semiconductors industry especially in the emerging ones, growing usage of manufacturing execution system (MES) by the aerospace and defense industry, surging product demand for implementation of industrial control systems, rising up gradation of existing infrastructure with advanced systems and increasing infrastructural development activities especially in the developing economies are the major factors attributable to the growth of manufacturing execution system (MES) market.
Rising demand from the pulp and paper industry and growth in the focus towards development in manufacturing design and necessity to accomplish production efficacy will emerge as the major market growth driving factors. Growing demand for automation in oil and gas industries, surging need for real time visibility, increasing initiatives by the government to promote awareness and introduce favourable policies, and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies, easy availability of resources and low cost required for production purposes in the emerging economies and growing demand for optimum resource utilization will further carve the way for the growth of the market.
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Dynamics Scope and Growth Drivers of Manufacturing execution system (MES) market:
The manufacturing execution system (MES) market is segmented on the basis of component type, process industry, organization size, offering and end-user industries. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of organization size, the manufacturing execution system (MES) market is segmented into small and medium enterprise and large enterprise.
On the basis of component type, the manufacturing execution system (MES) market is segmented into on-premises, on-demand and hybrid.
Based on process industry, the manufacturing execution system (MES) market is segmented into food and beverages, oil and gas, water and wastewater treatment, energy and power market, pharmaceutical and pulp and paper.
Based on offerings, the manufacturing execution system (MES) market is segmented into software and services.
- The manufacturing execution system (MES) market is also segmented on the basis of end-user industry into medical devices, automotive, electronics and electrical and aerospace and defense.
Regional Analysis/Insights of Manufacturing execution system (MES) market:
Asia-Pacific region dominates the manufacturing execution system (MES) market will continue to flourish its trend of dominance during the forecast period owing to the rising technological investments in the manufacturing of machinery and industrial tools, growth and expansion of semiconductors industry and increasing demand by the chemical and automotive industries.
The country section of the manufacturing execution system (MES) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.
The major companies which are dealing in the Manufacturing execution system (MES) market:
ABB, Schneider Electric, Emerson Electric Co., General Electric, Honeywell International Inc., Rockwell Automation, Inc., Körber AG., Yokogawa India Ltd., AVEVA Group plc, thyssenkrupp System Engineering GmbH, Siemens, Plex, Oracle, Lighthouse Systems, Dassault Systèmes, Cogiscan, Yokogawa Electric Corporation and SAP SE among others.
Key Market Perspectives:
1. Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Manufacturing execution system (MES) market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
2. Insights into the industry landscape for emerging participants
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Segmentation of Manufacturing execution system (MES) market:
By Organization Size (Small and Medium Size Enterprise and Large Enterprise), Component Type (On-Premises, On-Demand and Hybrid), Process Industry (Food and Beverages, Oil and Gas, Water and Wastewater Treatment, Energy and Power Market, Pharmaceutical, Pulp and Paper), Offering (Software and Services), End-User Industry (Medical Devices, Automotive, Electronics and Electrical and Aerospace and Defense),
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About Data Bridge Market Research, Private Ltd.:
Data Bridge Market Research operates as a multinational management-consulting firm, boasting offices situated in both India and Canada. Renowned for our innovative and cutting-edge market analysis methodologies, we pride ourselves on our unparalleled durability and forward-thinking approaches. Our commitment lies in unravelling optimal consumer prospects and nurturing invaluable insights to empower your company's success within the market.
With a team comprising over 500 analysts specializing in various industries, we have been instrumental in serving over 40% of Fortune 500 companies on a global scale. Our extensive network boasts a clientele exceeding 5000+, spanning across the globe. At Data Bridge Market Research, our goal remains steadfast: to provide comprehensive market intelligence and strategic guidance to propel your business toward success.
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