Manufacturing Execution System Market - New Era Of Market & Forecast upto 2025
Manufacturing execution systems are control systems that help establish standardized workflows capable of generating high production quality as well as regulatory compliance in a production procedure. Used to manage and monitor ongoing production processes on a factory floor, manufacturing execution systems help keep track of all the information related to the manufacturing process in real time, gathering exhaustive data from machine monitors, robots, and employees. Although used independently, manufacturing execution systems are being increasingly integrated with enterprise resource planning suites lately.
This report on the global manufacturing execution systems market presents a thorough overview of the market and its key elements. Vast predictions related to the growth prospects of the market and its segments over the period between 2017 and 2025 are also included in the report. A detailed analysis of factors such as drivers, restraints, trends, and opportunities, which are expected to have a notable impact on the future growth prospects of the market is also included in the study.
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Global Manufacturing Execution System Market: Drivers and Restraints
Some of the notable factors expected to drive the global manufacturing execution systems market include the vast adoption of automation in the industrial sector and an increased demand for improvement in industrial processes to reduce costs and increase productivity. Strict government regulations pertaining to the observance of best industry practices are also leading to an increased demand for effective manufacturing execution systems globally. Moreover, the rising adoption of industrial automation, especially in emerging economies across regions such as Asia Pacific and Latin America, has also significantly benefitted the overall market for manufacturing execution systems in the past few years.
However, the high base cost of manufacturing execution systems and the additionally expenses incurred during maintenance, upgradation, and customization of these systems are expected to hamper the growth of the market to a certain extent, especially in emerging and underdeveloped economies and medium scale industries. Nevertheless, the global MES market continues to grow owing to the vast benefits of automation and digitization in the manufacturing sector such as improved compliance, visibility, and increased productivity, and reduced costs of a manufacturing project.
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Global Manufacturing Execution System Market: Segments
The key functional areas of manufacturing execution systems include scheduling, quality analysis, process and maintenance management, resource allocation and status, document control, performance analysis, workforce management, operations intelligence, and material tracking. MESs are used in several applications in industries such as oil and gas, chemicals, automotive, medical devices, aerospace and defense, food and beverages, paper and pulp, and power generation. The report provides detailed qualitative and quantitative data pertaining to these segments on regional and global fronts. The market across regions such as North America, Europe, Asia Pacific, and Middle East and Africa is analyzed.
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The global market for manufacturing execution system is diverse and each key end use industry has its own distinct suppliers and applications. Some of the key companies operating in the market are Honeywell International, Inc., General Electric Co., Operator System Aps, Schneider Electric S.A., Apriso Corporation, Werum Software and Systems, Rockwell Automation, Inc., Andea Solutions Sp. Z.O.O., CDC Software Corporation, SAP AG, Camstar Systems Inc, Siemens AG, ABB Ltd., Kpit Cummins, Eyelit Inc., and Emerson Electric Co.
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