Press release
Manufacturing Execution System Market Set to Reach $28.07 Billion by 2029 with 0.134263534803478% Yearly Growth
Manufacturing Execution System Market
The surge in need for mass manufacturing and the associated supply chain to address the population's rising needs is predicted to propel the manufacturing execution system industry. Enterprises are progressively investing in cutting-edge software and AI-powered systems to fulfill the rapidly increasing needs for mass production procedures and interconnected supply chains. For example, a report published by Statistics Canada in July 2023 stated that roughly 19.5% of firms in the manufacturing sector stated their plans to enlarge their current enterprise or organization's location in the next year, which is more than double the percentage seen in the arts, entertainment, and recreation sector (8.2%), and almost triple the average for all businesses (6.7%). Approximately 9.0% of manufacturing firms intended to extend to other sites within the same province, a number akin to those in the administrative, waste management, and remediation service sectors (9.1%). Furthermore, over 5.5% of manufacturing companies intended to expand internationally, with comparable goals reported by 5.3% of companies in arts, entertainment, and recreation, and 4.5% in the wholesale trade. Therefore, the manufacturing execution system industry is expected to be stimulated by mass manufacturing and an interconnected supply chain.
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What is the future CAGR of the manufacturing execution system market, and how will it impact industry expansion?
The size of the manufacturing execution system market has shown impressive growth in the recent past. It is projected to expand from a value of $15.46 billion in 2024 to about $16.96 billion in 2025, marking a compound annual growth rate (CAGR) of 9.7%. This expansion during the historical period is due to the increase in the demand for operational efficiency, compliance, quality management, lean manufacturing methods, quality control, traceability, and improvement of workforce productivity.
There's an anticipated rapid expansion in the manufacturing execution system market size in the upcoming years. The market is projected to escalate to a value of $28.07 billion by 2029, with a compound annual growth rate (CAGR) of 13.4%. The swell in growth over the forecast period can be associated with factors like advanced analytics and predictive maintenance, resilience in the supply chain, optimization of energy efficiency, paperless manufacturing operations, regulatory conformance, and reporting, and supply chain integration and visibility. Key trends for the forecasted period encompass integration with industry 4.0 and smart manufacturing, deployment of cloud-based MES solutions, real-time analytics and reporting, emphasis on cybersecurity, synergy with ERP systems, AI-orientated process optimization, and integration of digital twin.
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What are the most significant trends transforming the manufacturing execution system market today?
Leading firms in the manufacturing execution system market are rolling out the latest versions of MES to meet the demands for better operational functionality. The most recent release of the MES (Manufacturing Execution System) software accommodates new features, improvements, and corrections necessary for overseeing and tracking manufacturing operations. For instance, in February 2023, AVEVA, a UK-based corporate payment specialist, introduced the AVEVA Manufacturing Execution System 2023. This new edition offers enhancements for multi-site MES configurations, boosting operational efficiency, sustainability, and supply chain robustness. The upgrade permits a unified centrally deployed MES over several locations, thereby decreasing the total cost of ownership. It also introduces improved labour shift management, heightened security, and endorses multi-site MES data center establishments across diverse time zones, languages, and cultural settings. The intention of this release is to aid manufacturers in accomplishing digital transformation and enhancing agility and durability in a post-pandemic environment.
Which key market segments comprise the manufacturing execution system market and drive its revenue growth?
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 And Beverages, Oil And Gas, Chemicals, Pulp And Paper, Pharmaceutical And Life Sciences, Energy And Power, Water And Wastewater Management, Other Process Industries
Subsegments:
1) By Software: MES Software, Advanced Planning And Scheduling Software, Quality Management Software, Manufacturing Intelligence Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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What regions are at the forefront of manufacturing execution system market expansion?
Asia-Pacific was the largest region in the manufacturing execution system market in 2024.The regions covered in the manufacturing execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the manufacturing execution system market?
Major companies operating in the manufacturing execution system market include 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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What Is Covered In The Manufacturing Execution System Global Market Report?
•Market Size Forecast: Examine the manufacturing execution system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the manufacturing execution system market for a structured understanding.
•Key Players Overview: Analyze major players in the manufacturing execution system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the manufacturing execution system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the manufacturing execution system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the manufacturing execution system market.
•Industry Challenges: Identify potential risks and obstacles affecting the manufacturing execution system market.
•Competitive Landscape: Review strategic developments in the manufacturing execution system market, including expansions, agreements, and new product launches.
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