Press release
Manufacturing Execution System Market to Reach USD 19,364.7 Million in 2023
View Full Report: http://www.transparencymarketresearch.com/manufacturing-execution-systems.html
However, requirement of high initial investment upfront, end user industries are often reluctant to install MES, which in turn is posing as a major factor restraining the market growth. Moreover, rising complexities in manufacturing industries is leading to complexities in installation of MES, further limiting the growth of the MES market. Growth opportunities for key players in the MES market lies in increasing penetration of industrial internet of things (IoT), which in turn is leading to rising demand for next-generation advanced MES solutions across the globe.
The global manufacturing execution system (MES) market is categorized based on process and discrete industry. Process industry includes oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment and others. Other process industry segment includes textiles, and steel and aluminum. In 2014, oil and gas segment contributed the majority of the global MES market share by process industry in terms of revenue. Based on discrete industry, the global manufacturing execution system (MES) market is segmented into automotive, aerospace and defense, electronics and electrical, medical devices, FMCG, and others. Others segment includes semiconductors, furniture & wood products, and printing and publishing. Amongst discrete industry, automotive segment held the majority of the market share in terms of revenue in 2014. Surge in installation of MES in automotive industry to meet increasing demand for faster time to market is driving the growth of the segment.
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Geographically, North America led the manufacturing execution system (MES) market in 2015. Growth in this region is attributed to the rising need for advanced MES in industries aimed at integrating data from ERP and routing the information to plant floor for efficient operation. Europe followed North America and held the second largest market share in terms of revenue in 2014. Asia Pacific region closely followed Europe region and is anticipated to grow at the highest rate during the forecast period.
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Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of manufacturing execution system (MES) industry. Major market participants profiled in this report include ABB Ltd. (Switzerland), Schneider Electric S.E. (France), Rockwell Automation, Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), and SAP SE (Germany) among others.
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About TMR
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Automation & Control - Improving Operational Excellence in Process Industry
Manufacturing operations by implementing Comprehensive & Compliant Data and Information Platform & Integrated IT systems|
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http://pharma-mes2013.we-conect.com/
"Very good and informative conference to share knowledge and to benchmark your company in your industry sector."
Kathrin Wilhelm, Fresenius Kabi D-GmbH
By popular demand, we.CONECT is bringing board-level attendees from manufacturing execution systems management from all over…
