The manufacturing execution system market size is projected to reach US$ 32100.47 million by 2031 from US$ 14166.24 million in 2023. The market is expected to register a CAGR of 10.8% during 2023–2031. Increasing focus on data analytics and visualization is likely to remain a key trend in the market.
The growing adoption of manufacturing execution system (MES) solutions as a higher priority is a result of the organizations' recognition that manufacturing competency is a crucial aspect of staying competitive in the market. Furthermore, some businesses search for the benefits of integrating quality as opposed to maintaining quality as a separate system and process since they view product quality as a crucial component of the manufacturing systems strategy. As a result, the criteria mentioned above are encouraging MES implementation. The companies in the manufacturing execution system market today are concentrating on providing more industry-specific solutions, which indicates that the best solutions are available to meet the unique needs of a company. Additionally, it removes the need for pricey customized additions to commercial products and makes off-the-shelf capabilities available in
An all-inclusive, dynamic software system called a manufacturing execution system, or MES, tracks, documents, and manages the manufacturing process of items from raw materials to final products. An MES provides the functional layer that separates enterprise resource planning (ERP) and process control systems, giving decision-makers the information they need to optimize production and make the plant floor more efficient. With real-time visibility and control over production processes offered by an MES, stakeholders can keep an eye on operations, spot bottlenecks, reduce downtime, and act quickly on information. MES systems ensure effective resource allocation, task balance, and on-time delivery, which raises profitability by supporting optimum production planning and scheduling.
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Manufacturing Execution System Market: Strategic Insights
In today's commercial environments, the entire industrial and manufacturing ecosystem is growing more intelligent, perceptive, and networked. The ecology governing the interchanges and collaborations between humans, machines, data, and technology has altered as a result of the emergence of new discrete and process manufacturing methods for sensors, linked devices, and smart machines. Smart manufacturing is largely dependent on the collection, organization, and analysis of data and information in order to derive economic values from the modern digitalized factories that enable it. Therefore, the increasing implementation of technology is driving the power bank market.
The growing use of Industry 4.0 has further highlighted the necessity for a sophisticated MES. Through integrated electronics, Industry 4.0 establishes a platform for operations and information technology to interact with one another and with different products, materials, and equipment. A manufacturing facility's work progress is managed and tracked by the MES, which also provides a solid foundation upon which to develop the Industry 4.0 application. Thus, industry 4.0's widespread adoption globally and the manufacturing sector's increasing use of technology and automation are creating various opportunities for the growth of the manufacturing execution system market.
Key segments that contributed to the derivation of the manufacturing execution system market analysis are component, deployment, and industry type.
The geographic scope of the manufacturing execution system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
APAC dominates the manufacturing execution system market. The manufacturing execution system market in this region is growing due to various factors. India and China are the most developing countries in the world. The rapid pace of industrialization and urbanization is driving the market.
The regional trends and factors influencing the Manufacturing Execution System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Manufacturing Execution System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 14166.24 Million |
| Market Size by 2031 | US$ 32100.47 Million |
| Global CAGR (2023 - 2031) | 10.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Manufacturing Execution System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Manufacturing Execution System Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The manufacturing execution system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the manufacturing execution system market are listed below:
The “Manufacturing Execution System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The expected CAGR of the global manufacturing execution system market is 10.8%.
The global manufacturing execution system market is expected to reach US$ 32100.47 million by 2031.
The increasing focus on data analytics and visualization is anticipated to play a significant role in the global manufacturing execution system market in the coming years.
The key players holding majority shares in the global manufacturing execution system market are 42Q, AVEVA Group plc, Dassault Systemes SE, EAZYWORKS INC., Emerson Electric Co., General Electric Company, Honeywell International Inc., Oracle Corporation, SAP SE, and Rockwell Automation, Inc.
The increasing implementation of technology and the Industry 4. O are the major factors that propel the global manufacturing execution system market.
APAC dominates the manufacturing execution system market.