The enterprises recognize manufacturing competency as a critical factor to stay competitive in the market, resulting in the high adoption of manufacturing execution system (MES) solutions at a greater priority. Furthermore, some enterprises consider quality an essential factor in the manufacturing systems strategy. Thus, they are looking for the advantages of integrating quality compared to keeping quality as a different system and process. Such factors are expected to boost the adoption of MES.
42Q; AVEVA GROUP PLC; DASSAULT SYSTÈMES SE; EAZYWORKS INC.; AND EMERSON ELECTRIC CO.- PROMINENT MARKET PARTICIPANTS IN THE MANUFACTURING EXECUTION SYSTEM MARKET
In the present scenario, the players in the MES market are focused on offering more industry-specific solutions. This signifies the availability of ideal solutions as per an enterprise’s specific needs. Further, it also eliminates the requirement for costly tailored extensions to commercial products. The availability of off-the-shelf functionality in MES is creating profitable opportunities for the growth of the MES market.
The advent of industry 4.0, which enables manufacturing at low-cost, better quality, and faster processing, has further created an unclear scenario among enterprises regarding the concept. Customers demand customized products at competitive prices, which stimulates manufacturing companies to adopt industry 4.0. Various technologies are gaining traction among manufacturers, such as the internet of things (IoT), cloud storage, mobile computing, advanced analytics, robotics, and machine learning. All these technologies require a system that can efficiently connect and coordinate these technologies. The industry 4.0 compatible MES is thus attracting various manufacturers to implement technologies in their processes. Replacing traditional MEs with the new generation MES has been noticed in 2–3 years.
The supportive government initiatives worldwide for the adoption of Industry 4.0 and smart factories are anticipated to boost the implementation of MES. The system acts as a vital information and data hub for production and all areas involved across the company. Also, the system enables manufacturers to remain responsive, and thus, maintain their competitiveness.
Most of the manufacturing execution system market initiatives were observed in the Asia Pacific (APAC) region, with a high potential for market-related products, solutions, and services. A few of the important manufacturing execution system market initiatives from the industry are mentioned below:
| 2022 | For European digital sovereignty, Dassault Systemes formed a strategic alliance with Inria, France’s National Institute for Research in Digital Science and Technology. The development is expected to bolster the company’s presence in the European market. | Global |
| 2021 | Honeywell acquired Performix Inc., a privately-held manufacturing execution system software provider for the pharmaceutical manufacturing and biotech industries. The acquisition strengthens the company’s strategy to lead the integrated software platform market in the life sciences industry. | Global |
