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.
Manufacturing Execution System Market Analysis
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
Manufacturing Execution System Market Overview
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
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Manufacturing Execution System Market: Strategic Insights
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Manufacturing Execution System Market Drivers and Opportunities
Increasing implementation of technology
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.
Industry 4. O
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.
Manufacturing Execution System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the manufacturing execution system market analysis are component, deployment, and industry type.
- Based on the component, the manufacturing execution system market is divided into software and services. The software segment held a larger market share in 2023.
- By deployment, the market is segmented into cloud and on-premise. The cloud segment held a larger market share in 2023.
- By industry type, the market is segmented into process industry and discrete industry.
Manufacturing Execution System Market Share Analysis by Geography
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.
Manufacturing Execution System Market Regional Insights
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.
- Get the Regional Specific Data for Manufacturing Execution System Market
Manufacturing Execution System Market Market Report Scope
| 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 |
Market Players Density: Understanding Its Impact on Business Dynamics
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:
- 42Q
- AVEVA Group plc
- Dassault Systemes SE
- EAZYWORKS INC.
- Emerson Electric Co.
- General Electric Company
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Manufacturing Execution System Market top key players overview
Manufacturing Execution System Market News and Recent Developments
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:
- AVEVA, a global leader in industrial software, driving innovation and sustainability, today announced the release of AVEVA Manufacturing Execution System 2023, which offers to cut the costs and complexities of multi-site Manufacturing Execution System (MES) solutions. (Source: AVEVA, Press Release, February 2023)
- GE Digital, an integral part of GE Vernova’s portfolio of energy businesses, announced new enhancements to its cloud-based Manufacturing Execution Systems (MES) software in the Proficy Smart Factory portfolio at the 27th Annual ARC Industry Forum currently taking place February 6–9 in Orlando, Florida. Lowering capital expenditures (CAPEX) and operating expenses (OPEX) compared to on-premises implementations, the Proficy Smart Factory cloud MES software can help process discrete and mixed-environment manufacturers of any size to reduce total cost of ownership (TCO) up to 30% decrease maintenance and improve security. (Source: GE Digital, Press Release, February 2023)
Manufacturing Execution System Market Report Coverage and Deliverables
The “Manufacturing Execution System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Manufacturing execution system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Manufacturing execution system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- manufacturing execution system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the manufacturing execution system market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, and Industry Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
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.
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