Manufacturing Execution Systems and Software Market trends, competitive landscape and opportunities

Posted November 23, 2020 by rohit890

The manufacturing execution system (MES) is an advanced IT-enabled system that is used for optimizing the production process and improves production output.
Market Overview

The manufacturing execution system (MES) is an advanced IT-enabled system that is used for optimizing the production process and improves production output. ES manages manufacturing operations within the factory. It receives order requirements from the enterprise resource planning (ERP) system and receives product definition, equipment setting, and electronic work instructions from the product lifecycle management (PLM) system. The manufacturing execution system offers real-time production-related information such as production cost, overall equipment effectiveness (OEE), quality status, and maintenance cycles.

The increasing global competition and changing business scenarios are continually driving manufacturers to focus on production cost optimization and improve production efficiency. Owing to this, manufacturers are adopting advanced technology such as manufacturing execution systems (MES) to streamline their manufacturing process and enhance productivity. The MES automatically collects the data from production equipment and helps in scheduling, tracking, and modifying the production activities and monitors and controls the performance of equipment depending on the delivery requirement. Moreover, recent trends such as rise of the fourth industrial revolution (Industry 4.0) and convergence of the information technology (IT), and operations technology (OT) are expected to drive demand for MES system over the forecast period.

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Market Dynamics

On the basis of region, the global manufacturing execution systems and software (MES) market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

In 2018, the North America region accounted for the largest share in the manufacturing execution systems and software (MES) market and is expected to retain its dominant position in the market over the forecast period. The major manufacturers in the countries such as the U.S. and Canada have already implemented the MES system to improve the production process. For instance, in January 2018, Mellanox Technologies, a leading provider of interconnect solutions for servers and storage systems implemented Eyelit’s integrated manufacturing execution system (MES) for production process improvement.

Asia Pacific is expected to witness significant growth during the forecast period. Increasing demand for process optimization by the manufacturers in emerging economies such as India and China is expected to drive the market growth in Asia Pacific over the forecast period.

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Some of the key players operating in the global manufacturing execution systems and software (MES) market include ABB Ltd., Atos SE, Dassault Systems SA, Emerson Electric Co, General Electric Corporation, HCL Technologies Limited, Honeywell International Inc, SAP SE, Oracle Corporation, and Accenture Plc.

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Issued By coherent market insights
Country India
Categories Advertising , Blogging , Industry
Last Updated November 23, 2020