Press release
Modern Manufacturing Execution System Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Modern Manufacturing Execution System
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What Is the Expected CAGR for the Modern Manufacturing Execution System Market Through 2025?_x000D_
The size of the contemporary market for manufacturing execution systems has experienced swift expansion lately. It is projected to escalate from a valuation of $19.68 billion in 2024 to $22.79 billion in 2025, boasting a compound annual growth rate (CAGR) of 15.8%. The surge during the historic timeframe can be credited to aspects like regulatory compliance obligations, the necessity for operational effectiveness, requests for instantaneous visibility, integration with enterprise mechanisms, and rising intricacy in manufacturing procedures._x000D_
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What's the Projected Size of the Global Modern Manufacturing Execution System Market by 2029?_x000D_
The market size for contemporary manufacturing execution systems is projected to surge considerably in the coming years, hitting a high of $41.3 billion in 2029 with a compound annual growth rate (CAGR) of 16.0%. This growth during the forecast period may be driven by fast uptake of industry 4.0 technologies, transitioning to cloud-based solutions, prioritizing predictive maintenance, rising intricacies in manufacturing functions, and a focus on eco-friendly and sustainable manufacturing. The forecast period is expected see key trends such as accelerated integration with breakthrough technologies, sharp focus on data analytics and predictive insights, the widening of MES in small to medium enterprises (SMEs), and enhanced interoperability and connectivity along with the swift uptake of cloud-based solutions._x000D_
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Top Growth Drivers in the Modern Manufacturing Execution System Industry: What's Accelerating the Market?_x000D_
The surge in the use of cloud-based solutions is predicted to stimulate the expansion of the modern manufacturing execution system market. Cloud-based solutions include software, platforms, or infrastructure services that are hosted and accessed via the internet rather than being installed on local computers or servers. Businesses across various sectors are increasingly adopting these solutions due to their scalability, flexibility, accessibility, and cost-effectiveness. In the context of modern manufacturing execution systems (MES), cloud-based solutions allow manufacturers to access real-time production data, work collaboratively across numerous locations, and expand their operations effectively using remote servers and services connected via the internet. For example, Eurostat, the Luxembourg-based statistical office of the European Union (EU), reported that 45.2% of businesses within the EU adopted cloud computing services in 2023, marking a rise of 4.2% from 2021. Cloud computing uptake among medium-sized enterprises also increased to 59% in 2023 from 53% in 2021. Furthermore, small businesses using cloud services saw a 3.8% uptick, hitting 41.7% during the same timeframe. Consequently, the upswing in the use of cloud-based solutions is the key driver behind the expansion of the modern manufacturing execution system market._x000D_
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What Trends Will Shape the Modern Manufacturing Execution System Market Through 2029 and Beyond?_x000D_
Leading firms in the modern manufacturing execution system market are creating pioneering products like Manufacturing Execution System (MES) software, striving to establish a competitive advantage. MES software, a digital solution implemented in manufacturing sectors, tracks and manages production processes and information in real-time. For example, AVEVA, a British IT consulting firm, rolled out a novel edition of its MES software to facilitate data center deployments in February 2023. This refurbished version introduces multi-site support, fulfilling the requirements of data center operators by augmenting MES with monitoring and control, asset performance, and operations optimization capabilities. The MES software digitizes, standardizes, and enhances operational procedures and tasks across various industrial manufacturing plants. It supervises inventory, production, and quality-oriented plant operations to ensure the creation of superior quality products at the minimum cost._x000D_
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What Are the Main Segments in the Modern Manufacturing Execution System Market?_x000D_
The modern manufacturing execution systemmarket covered in this report is segmented -_x000D_
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1) By Component: Software, Service_x000D_
2) By Deployment: On-Premise, Cloud, Hybrid_x000D_
3) By Application: Fast Moving Consumer Goods (FMCG), Medical, Automotive, Electronics, Aerospace And Defense, Other Applications_x000D_
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Subsegments:_x000D_
1) By Software: MES Software (On-Premise), MES Software (Cloud-Based)_x000D_
2) By Service: Consulting Services, Integration Services, Support And Maintenance Services_x000D_
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Which Top Companies are Driving Growth in the Modern Manufacturing Execution System Market?_x000D_
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_x000D_
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Which Regions Will Dominate the Modern Manufacturing Execution System Market Through 2029?_x000D_
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._x000D_
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