Manufacturing Execution Systems Market to Expand at a CAGR of ~7.7% | ~USD 17.83 Billion, 2030


Posted February 23, 2023 by shitalt

The Manufacturing Execution Systems Market is projected to reach $ 17.83 billion by 2030, at a CAGR of 7.7% from 2023 to 2030.
 
The global manufacturing execution systems market is projected to reach $ 17.83 billion by 2030, at a CAGR of 7.7% from 2023 to 2030. The growth of this market is attributed to the growing complexity of manufacturing operations, the rising adoption of industrial automation in process and discrete industries and the increasing significance of regulatory compliances. Furthermore, the integration of MES with solutions such as ERP and PLM and increasing applications of MES in the pharmaceutical industry are expected to create significant opportunities for the players operating in this market.

Key Findings in the Global Manufacturing Execution Systems Market Study:

Based on Offering, the Service Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on offering, the global manufacturing execution systems market is segmented into software and services. The services segment is projected to register the highest CAGR during the forecast period. The key factor propelling the growth of this segment is the increasing significance of the global post-implementation procedure of several industrial execution systems.

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Other factors anticipated to drive the growth and demand for the services segment over the forecast period include improved efficiency, decreased waste, and shorter output times in the manufacturing process of various applications in industries, including food & beverages, pharmaceuticals, and consumer packaged goods

Based on Deployment, the Hybrid Deployment Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on deployment mode, the global manufacturing execution systems market is segmented into on-premise deployment, on-demand deployment, and hybrid deployment. The hybrid deployment segment is projected to register the highest CAGR during the forecast period. The hybrid deployment type is widely preferred in oil & gas and energy & power sectors because of the increasing need for real-time information for monitoring activities in these sectors. A hybrid deployment also provides additional storage capacity, which ensures data protection.

Based on Application, the Quality Management Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on application, the global manufacturing execution systems market is segmented into monitoring, production control, production documentation, production disposition, inventory management, maintenance, quality management, plant-wide production planning and other applications. The quality management segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing use of MES to control multiple elements of the production process to ensure high output quality. This application is mostly preferred in regulated industries like food & beverages or pharmaceuticals.

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Based on End-use Industry, the Process Industry Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on end-use industry, the global manufacturing execution systems market is segmented into process industry and discrete industry. The process industry segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to constantly shifting market dynamics and manufacturers’ rising need to adapt manufacturing processes to meet growing consumer needs.

Asia-Pacific is Slated to Register the Highest CAGR During the Forecast Period

Based on geography, the global manufacturing execution systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this region is driven by growing technological investments in the production of industrial tools and machinery, the growth and expansion of the semiconductor sector, and rising demand for MES from the chemical and automotive industries.

Furthermore, the growing investments in R&D activities in China and India have further strengthened the Asia-Pacific MES market. Additionally, this market is expected to grow significantly over the next several years due to increasing industry knowledge of execution systems for manufacturing processes. Furthermore, China is investing significantly in using AI in the pharmaceutical industry, accelerating the market expansion rate. Another factor driving the growth of this market is the rise in manufacturing facilities across various industries, including those that depend heavily on manufacturing execution systems, such as the automotive, textile, power, and pharmaceutical industries.

Scope of the Report:

Manufacturing Execution Systems Market, by Offering

Software
Services
Implementation
Software Upgradation
Training
Other Services
Manufacturing Execution Systems Market, by Deployment Mode

On-premise Deployment
On-demand Deployment
Hybrid Deployment
Manufacturing Execution Systems Market, by Application

Monitoring
Production Control
Production Documentation
Production Disposition
Inventory Management
Maintenance
Quality Management
Plant-wide Production Planning
Other Applications
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Key Players

The key players profiled in the global manufacturing execution systems market study include Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), SAP SE (Germany), ABB Ltd (Switzerland), Dassault Systèmes S.A. (France), AVEVA Group Plc (U.K.), Applied Materials Inc. (U.S.), Oracle Corporation (U.S.), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Epicor Software Corporation (U.S.), Infor Equity Holdings LLC (U.S.), Eyelit Inc. (Canada), Aegis Industrial Software Corporation (U.S.) and Critical Manufacturing, S.A. (Portugal).

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Issued By Shital Thakare
Country United States
Categories Blogging
Tags manufacturing execution systems market
Last Updated February 23, 2023