Market Overview:
The Global Manufacturing Execution System Market size is expected to grow from USD 12.60 billion in 2022 to USD 24.37 billion by 2030, at a CAGR of 8.6 % during the forecast period (2023-2030).
Manufacturing execution systems (MES)play a crucial role in coordinating various processes, including manufacturing, shipping, equipment automation, sales, and planning. By utilizing MES to synchronize multiple functions, businesses can enhance their performance, compliance, and regulatory requirements, while providing a comprehensive view to key stakeholders. Additionally, MES can be integrated with other solutions such as supply chain management, ERP, product lifecycle management, and other IT systems to increase total supply chain visibility, regulatory compliance, customer satisfaction, agility, time to market, equipment usage, and energy efficiency, promoting sustainable manufacturing. This integration of systems offers a convenient way to streamline business operations and achieve better outcomes.
Top Key Players Covered In The Manufacturing Execution System Market:
- ABB Ltd. (Switzerland)
- AVEVA plc (UK)
- Dassault Systèmes (France) Honeywell International Inc. (US)
- Rockwell Automation Inc. (US)
- Siemens AG (Germany)
- SAP SE (Germany)
- General Electric Company (US)
- Oracle Corporation (US)
- Emerson Electric Co. (US)
- Werum IT Solutions GmbH (Germany) And Other Major Players.
Market Dynamics and Factors:
The Manufacturing Execution System (MES) market is driven by several factors such as the need for real-time monitoring and control of production processes, increasing demand for cost-effective and efficient manufacturing operations, and growing adoption of Industrial Internet of Things (IoT) technology.
The Manufacturing Execution System (MES) market presents significant opportunities, primarily due to the increasing adoption of digital technologies, and the integration of MES with other advanced technologies such as artificial intelligence (AI), and machine learning (ML) is expected to create further opportunities in the market. With the ongoing advancements in technology and the increasing focus on Industry 4.0, the MES market is poised for growth, offering businesses an opportunity to enhance their manufacturing operations and stay competitive in the market.
The Manufacturing Execution System Market Report Highlight:
- By Offering, the Service segment holds the dominant position. This is because the post-implementation process plays a crucial role in the functioning of industrial execution systems, and services offered can aid in boosting efficiency, reducing waste, and minimizing production time. Hence, the demand for services in the Manufacturing Execution System market remains high, making it the dominant segment in the industry.
- By Deployment, the On-Premises services. segment is expected to have the highest share of the Manufacturing Execution System market over the projected period. This is because companies that opt for On-Premises services typically have multi-vertical operations in their manufacturing segment. Since manufacturing involves numerous processes that require specific proportions and optimized methods
- By End User Industry, The Pharmaceutical segment dominates in the Manufacturing Execution Systems Market. The pharma industry's manufacturers face immense pressure to adapt their processes to meet changing industry dynamics and fulfill new requirements. To address these challenges, Manufacturing Execution Systems (MES) play a vital role.
- The Asia Pacific region is expected to have the highest share of the Manufacturing Execution System market over the projected period. The MES market in China, in particular, is poised for growth due to the increasing number of industrial units in the country, which is expected to drive demand for MES software.
Key Industry Development:
In April 2021, AVEVA strengthened its Industry 4.0 manufacturing solutions by teaming up with Planet Together, a leading provider of Advanced Planning & Scheduling platforms. This collaboration has resulted in substantial enhancements to AVEVA's Manufacturing Execution System,
Manufacturing Execution System Market Segmentation:
By Offering
- Software
- Services
By Deployment
- Cloud
- On-Premise
By End User Industry
- FMCG
- Medical
- Pharmaceutical
- Chemical
- Others
