Manufacturing Execution System Market is anticipated to grow at a CAGR of 8.5% during the forecast period 2023 – 2032 | ABB Ltd , AVEVA Group plc, Dassault Systèmes , Emerson Electric Co.

The Manufacturing Execution System market size was USD 12.0 Billion in 2022 and is anticipated to reach USD 27.7 Billion in 2032, growing at a rate of 8.5% from 2023 to 2032.

A Manufacturing Execution System (MES) is a software application that provides a comprehensive real-time overview of the manufacturing process. MES systems are used to track and control production processes, including the movement of materials, the assembly of products, and the testing and quality assurance of finished products. MES systems can also be used to monitor and optimize the performance of manufacturing equipment, and to track and report on the production of individual products.

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MES systems are typically deployed on a factory floor, in close proximity to the manufacturing equipment they are monitoring. This allows for real-time data collection and analysis, and for the execution of control commands in near-real-time. MES systems are often integrated with other enterprise software applications, such as Enterprise Resource Planning (ERP) and Product Lifecycle Management (PLM) systems.

Key Drivers & Trends

The rising need for connected supply chains in various manufacturing industries across the globe is a key factor projected to drive growth. The growing popularity of manufacturing execution systems among global manufacturers for efficient and enhanced productivity with the help of real-time information helps in lowering production costs as well as fostering market growth globally.

Furthermore, increased investment in development activities by large market players to eliminate non-value factors, systematic and standard processing among all plants, analysis of the problems and immediate resolutions, constant product and service enhancement, and reduction in cost by effective resource utilization are also expected to boost the demand and adoption of MES with a significant growth rate in the coming years.

Key Restraints & Challenges

There are a few key restraints and challenges in the Manufacturing Execution System (MES) market that are important to consider. First, the MES market is still relatively new and immature compared to other industrial automation markets. This means that there are fewer vendors and products to choose from, and the products that are available may not yet be fully developed or proven. Additionally, MES systems can be complex and expensive to implement, which may deter some companies from adopting them. Finally, because MES systems can be integrated with other software and hardware systems, there is a risk of compatibility issues and data interoperability problems.

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Market Segments

The Manufacturing Execution System Market has been segmented into Offering, Deployment Type, Industry Type, and Region. Based on the Offering, the Manufacturing Execution System market is bifurcated into Software and Services. On the basis of Deployment Type, the market is bifurcated into On-Premise and Cloud-Based. Based on Industry Type, the market is bifurcated into Process Industry and Discrete Industry. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

Some of the key players mentioned are ABB Ltd (Switzerland), AVEVA Group plc (Schneider Electric) (UK), Dassault Systèmes (France), Emerson Electric Co. (US), General Electric Company (US), Honeywell International Inc. (US), Oracle Corporation (US), Rockwell Automation Inc. (US), SAP SE (Germany), and Siemens (Germany).

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Reasons to buy Manufacturing Execution System Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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