Cloud Manufacturing Execution System (MES) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Manufacturing Execution Systems (MES) are a specialized class of production-oriented software that monitors, manages, and coordinates the implementation of physical processes in the conversion of raw materials into intermediate or/ and end products in real-time. These systems synchronize work order execution with production planning and enterprise-grade systems such as Product Life Cycle Management (PLM) and ERP. MES applications also provide feedback on process performance, and support genealogy, traceability, and integration at the material and component level with the process history if required. The development in cloud MES and other cloud manufacturing applications go hand in hand with the inherent advantages of the cloud through a scalable infrastructure that helps to take advantage of the connected data and integrate them quickly. It is also associated with changes in the cloud market and the market for IoT platforms and other smart manufacturing applications.

MARKET SCOPE

The "Global Cloud Manufacturing Execution System (MES) market Analysis to 2031" is a specialized and in-depth study of the Cloud Manufacturing Execution System (MES) market with a special focus on the global market trend analysis. The report aims to provide an overview of the Cloud Manufacturing Execution System (MES) market with detailed market segmentation by component, deployment, enterprise size, and industry vertical and geography. The global Cloud Manufacturing Execution System (MES) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Cloud Manufacturing Execution System (MES) market players and offers key trends and opportunities in the Cloud Manufacturing Execution System (MES) market.

MARKET SEGMENTATION

•  The global Cloud Manufacturing Execution System (MES) market is segmented on the basis of component, deployment, enterprise size, and industry vertical.
  
•  On the basis of deployment, the market is segmented as cloud-based, on-premise.
  
•  On the basis of component, the market is segmented as software, and services.
  
•  On the basis of enterprise size the market is segmented into SMEs, and large enterprise.
  
•  On the basis of industry vertical, the market is segmented as IT and telecom, telecommunications, manufacturing, transportation and logistics, defense, government, BFSI, others.
  

MARKET DYNAMICS

Drivers:

•  Adoption of cloud MES is the desire of corporations to improve their business and operations through more integrated systems that provide connected information and data and offer complete transparency and control in operations.
  

Restraints:

•  Small and medium-sized enterprises cannot implement advanced monthly solutions as it entails high investment.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Cloud Manufacturing Execution System (MES) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Cloud Manufacturing Execution System (MES) market in these regions.

IMPACT OF COVID-19 ON Cloud Manufacturing Execution System (MES) MARKET

COVID-19 has had a major impact on the global economy and on all industries worldwide. Most companies had to cease all manufacturing operations; but lockdowns have now been lifted in many parts of the world. Many recovery regimes have been attempted to find a reliable treatment for COVID-19. The use of cloud manufacturing execution systems increased as production was affected by the lockdowns caused by COVID-19 in 2021. Majority of revenue generated in the cloud manufacturing execution systems market comes from services provided in the market. The cloud manufacturing execution systems market has been significantly impacted by COVID-19 since services are directly related to manufacturing activities.

MARKET PLAYERS

The report covers key developments in the Cloud Manufacturing Execution System (MES) market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Cloud Manufacturing Execution System (MES)market are anticipated to lucrative growth opportunities in the future with the rising demand for the Cloud Manufacturing Execution System (MES) market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Cloud Manufacturing Execution System (MES) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Rockwell Automation, Inc.
  
•  Siemens AG
  
•  SAP SE
  
•  General Electric Company
  
•  Oracle Corporation
  
•  Emerson Electric Co.
  
•  Werum IT Solutions GmbH
  
•  ABB Ltd
  
•  AVEVA Group plc
  Honeywell International Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cloud Manufacturing Execution System (MES) Report Scope