Press release
Modern Manufacturing Execution System Market Size Projected To Reach $41.92 Billion By 2034 With A Cagr Of 16.3%
Modern Manufacturing Execution System
What Is the Projected Growth of the Modern Manufacturing Execution System Market?
In recent years, the size of the contemporary manufacturing execution system market has experienced substantial growth. The projected growth is from $19.68 billion in 2024 to $22.93 billion in 2025, maintaining a compound annual growth rate (CAGR) of 16.5%. Factors contributing to this growth over the historic period include regulatory compliance mandates, operational efficiency necessities, requirements for real-time visibility, integration with enterprise systems, and increased complexity in manufacturing processes.
The size of the contemporary manufacturing execution system market is predicted to undergo swift expansion in the upcoming years, with a projection to reach $41.92 billion in 2029, increasing at a compound annual growth rate (CAGR) of 16.3%. The expected development in the forecast period is due to the fast-paced adoption of Industry 4.0 technologies, a shift towards solutions based in the cloud, attention on predictive maintenance, growing complexity in manufacturing operations, and a focus on sustainability and eco-friendly manufacturing. Key trends during the forecast period include the accelerated adoption of cloud-based solutions, incorporation of emerging technologies, emphasis on data analytics and predictive insights, widening use of Mes in small and medium enterprises (SMES), and improved interoperability and connectivity.
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What Are the Different Modern Manufacturing Execution System Market Segments?
The modern manufacturing execution system market covered in this report is segmented -
1) By Component: Software, Service
2) By Deployment: On-Premise, Cloud, Hybrid
3) By Application: Fast Moving Consumer Goods (FMCG), Medical, Automotive, Electronics, Aerospace And Defense, Other Applications
Subsegments:
1) By Software: MES Software (On-Premise), MES Software (Cloud-Based)
2) By Service: Consulting Services, Integration Services, Support And Maintenance Services
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What Are the Primary Drivers Shaping the Modern Manufacturing Execution System Market?
The increasing trend of using cloud-based solutions is anticipated to significantly contribute to the expansion of the modern manufacturing execution system market. Cloud-based solutions mean software, platforms, or infrastructure services that are maintained and accessed over the internet rather than being installed on local computers or servers. Such solutions are increasingly being adopted due to their scalability, flexibility, accessibility, and financial viability across diverse sectors. In the context of modern manufacturing execution systems (MES), cloud-based solutions allow manufacturers to obtain real-time production data, coordinate across multiple sites, and enhance their operations efficiently through remote servers and services facilitated through the internet. For example, Eurostat, an agency based in Luxembourg that serves as the statistical office of the European Union (EU), reported that 45.2% of businesses within the European Union employed cloud computing services in 2023, marking a rise of 4.2% from 2021. Furthermore, the usage of cloud computing among medium-sized businesses increased to 59% in 2023, a growth from 53% in 2021. Simultaneously, the percentage of small enterprises turning to cloud services also rose by 3.8%, reaching 41.7% during the comparable timeline. Consequently, the growth of the modern manufacturing execution system market is being fuelled by the ascending adoption of cloud-based solutions.
Which Companies Are Leading in the Modern Manufacturing Execution System Market?
Major companies operating in the modern manufacturing execution system market are Siemens AG, accenture* Plc, General Electric Company, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Applied Materials Inc., Emerson Electric Co., Rockwell Automation Inc., Dassault Systèmes, Krones AG, Epicor Software Corporation, Aptean Inc., MPDV Mikrolab GmbH, Plex Systems, Yokogawa Electric Corporation, Lighthouse Worldwide Solutions, Werum IT Solutions GmbH, Aegis Software, InfinityQS International, Tebis Technische Informationssysteme AG, Critical Manufacturing, FORCAM GmbH, ATS Global
What Are the Major Trends Shaping the Modern Manufacturing Execution System Market?
Prominent businesses in the contemporary manufacturing execution system market are pioneering novel products such as Manufacturing Execution System (MES) software to attain an advantageous position. The MES software is a digital system employed by manufacturing sectors to oversee and regulate production processes and data dynamically. For example, in February 2023, AVEVA, an IT consultancy based in the UK, unveiled an upgraded version of its Manufacturing Execution System (MES) software designed to buttress data center deployments. This enhanced edition provides multi-site support, addressing the requirements of data center managers by boosting the MES with monitoring and control functionalities, asset performance, and operations improvement. The MES software digitalizes, standardizes, and refines operational processes and activities throughout manufacturing facilities. It administers inventory, production, and quality-centric plant operations to guarantee the manufacture of superior products at the most minimal cost.
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What Are the Top Revenue-Generating Geographies in the Modern Manufacturing Execution System Market?
North America was the largest region in the modern manufacturing execution system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the modern manufacturing execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Modern Manufacturing Execution System Market?
2. What is the CAGR expected in the Modern Manufacturing Execution System Market?
3. What Are the Key Innovations Transforming the Modern Manufacturing Execution System Industry?
4. Which Region Is Leading the Modern Manufacturing Execution System Market?
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