Unlocking Opportunities in the Modern Manufacturing Execution System Market: 2025-2034 Forecast Report

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What Will the Modern Manufacturing Execution System Industry Market Size Be by 2025?
The size of the contemporary manufacturing execution system market has seen impressive expansion in the recent past. The market, set to be valued at $19.68 billion in 2024, is predicted to escalate to $22.93 billion in 2025, showcasing a substantial compound annual growth rate (CAGR) of 16.5%. Factors such as regulatory compliance obligations, the necessity for improved operational efficiency, the demand for real-time visibility, integration with enterprise systems, and growing complexity within manufacturing operations, have been instrumental in fostering growth during the historical timeframe.

What's the Long-Term Growth Forecast for the Modern Manufacturing Execution System Market Size Through 2029?
The market for advanced manufacturing execution systems is anticipated to exhibit accelerated expansion in the coming years, reaching a value of $41.92 billion in 2029 with a compound annual growth rate (CAGR) of 16.3%. The predicted growth over the forecasted period comes from factors such as the quick embrace of industry 4.0 technologies, the transition to cloud-based solutions, focus on predictive maintenance, the rising intricacy in manufacturing procedures, and a spotlight on sustainability and green manufacturing. Key trends for the forecasted timeframe encompass the fast uptake of cloud-based alternatives, incorporation with burgeoning technologies, emphasis on data analytics and predictive intuition, the spread of MES in small and medium firms, as well as improved interoperability and connectivity.

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What Are the Key Growth Drivers Fueling the Modern Manufacturing Execution System Market Expansion?
The increasing uptake of cloud-based services is anticipated to fuel the progress of the modern manufacturing execution system market in the future. These cloud-based solutions include software, platforms or infrastructure services that are hosted and accessed through the internet rather than being installed on local computers or servers. Businesses across different sectors are increasingly implementing these solutions due to their scalability, flexibility, accessibility, and cost-benefit. With respect to modern manufacturing execution systems (MES), cloud-based solutions offer manufacturers the capability to access real-time production data, facilitate collaboration over multiple locations, and efficiently scale their operations through remote servers and internet-based services. For example, Eurostat, the Luxembourg-based official statistics office for the EU, has revealed that 45.2% of EU businesses adopted cloud computing services in 2023, reflecting a rise of 4.2% from 2021. Adoption rates also increased among medium-sized enterprises, growing from 53% in 2021 to 59% in 2023. Similarly, the percentage of small businesses availing cloud services escalated 3.8% reaching 41.7% during this time frame. For these reasons, the escalating uptake of cloud-based services is fostering the expansion of the modern manufacturing execution system market.

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What Are the Key Trends Driving Modern Manufacturing Execution System Market Growth?
Leading enterprises in the contemporary manufacturing execution system market are advancing their offerings by designing and creating innovative products like Manufacturing Execution System (MES) software, to secure a business advantage. The Manufacturing Execution System (MES) software is a digitized solution employed by manufacturing corporations to monitor and administer manufacturing procedures and data in real time. A case in point is AVEVA, a UK-based IT consulting firm, which released a new iteration of its Manufacturing Execution System (MES) software in February 2023, catering to data center deployments. This latest version provides support across multiple sites, addressing the prerequisites of data center operators and enhancing MES with added features in tracking and control, asset performance, and operational efficiency. The deployed system converts, standardizes, and enhances operational processes and tasks in industrial manufacturing facilities. It also includes inventory, production, and quality-related plant activities management, which guarantees product excellence at the most affordable cost.

How Is the Modern Manufacturing Execution System Market Segmented?
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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Which Companies Are Leading the Charge in Modern Manufacturing Execution System Market Innovation?
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

Which Regions Are Leading the Global Modern Manufacturing Execution System Market in Revenue?
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.

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