Global Modern Manufacturing Execution System Market is estimated to grow at a CAGR of 15.41% over the forecast period :
Market Highlights
The global modern manufacturing execution system market has experienced a paradigm shift in the past decade owing to various technological changes; it is expected to grow at a steady pace in the upcoming years. Geographically, the market for modern manufacturing execution system is spanned across North America, Europe, Asia-Pacific, and the rest of the world.
Modern Manufacturing Execution System Market
North America dominated the global modern manufacturing execution system market with a market share of 32.5% in 2017 and a market value of USD 3,934.4 million; the market is expected to register a CAGR of 15.3 % during the forecast period. High demand for manufacturing execution systems from such as water and wastewater treatment, food and beverage, power industries has contributed to the growth of North American modern manufacturing execution system market. Furthermore, government initiatives to promote the adoption of Industry 4.0 in the region is also expected to drive growth.
The global modern manufacturing execution system market is expected to reach USD 46,376.8 million at a CAGR of over 15.4% by the end of the forecast period 2019–2027.
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Key Players
Some of the prominent players in the global modern manufacturing execution system market include General Electric Company (US), ABB Ltd (Switzerland), SAP SE (Germany), Emerson Electric Co. (US), Werum IT Solutions GmbH (Germany), Applied Materials, Inc. (US), Siemens AG (Germany), Rockwell Automation, Inc. (US), Dassault Systèmes (France), Honeywell International Inc. (US), and Tebis Technische Informationssysteme AG (Germany).
Global Modern Manufacturing Execution System Market Segmentation
The global modern manufacturing execution system market has been segmented on the basis of component, deployment, discrete industry, and region. The component segment has been segmented into software and service. The software segment is further segmented into enterprise resource planning (ERP), warehouse management, and product lifecycle management (PLM) whereas, the service segment is segmented into consulting & development, training & support, and integration service.
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Market SynopsisAs per the evaluation by Market Research Future Reports (MRFR), the global modern manufacturing execution system market is estimated to expand at a CAGR of 15.41%, with a value of USD 12,125.4 million during the forecast period from 2019 to 2027.
The low installation cost is estimated to be a significant factor driving the global modern manufacturing execution system market 2020.
It will provide market opportunities for manufacturing execution system providers.
However, the expenses involved in maintaining the system and the requirement of high investments are likely to impede market growth during the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1094The outbreak of COVID-19 is likely to change the market dynamics of several regions.
Several markets have been influenced significantly due to the observation of nationwide lockdown in various countries.Market SegmentationThe global modern manufacturing execution system market can be segregated based on deployment, component, discrete industry, and region.Based on deployment, the global modern manufacturing execution system market can be classified into the hybrid, cloud, and on-premise.Based on component, the global modern manufacturing execution system market can be classified into Software (Enterprise Resource Planning (ERP), Warehouse Management, and Product Lifecycle Management (PLM)) and Service (Consulting & Development, Training & Support, and Integration Service).Based on the discrete industry, the global modern manufacturing execution system market can be classified into Automotive, Electronics, Medical, Aerospace & Defense, FMCG, and others.Based on region, the global modern manufacturing execution system market can be classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW).Regional AnalysisThe geographical evaluation of North America, Europe, Asia-Pacific, and Rest of the World (RoW) has been performed.
There have been several initiatives taken by the government to encourage the usage of Industry 4.0, which is likely to drive the market growth.
Manufacturing Execution System (MES) Software Market Insights 2020, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Manufacturing Execution System (MES) Software industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Manufacturing Execution System (MES) Software manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2015-2025 global and Chinese Manufacturing Execution System (MES) Software market covering all important parameters.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-manufacturing-execution-system-software-2020-2025-534The key points of the report:1.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.2.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for each company.3.Through the statistical analysis, the report depicts the global and Chinese total market of Manufacturing Execution System (MES) Software industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.5.The report then estimates 2020-2025 market development trends of Manufacturing Execution System (MES) Software industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.6.The report makes some important proposals for a new project of Manufacturing Execution System (MES) Software Industry before evaluating its feasibility.There are 3 key segments covered in this report:competitor segmentproduct type segmentend use/application segment.For competitor segment, the report includes global key players of Manufacturing Execution System (MES) Software as well as some small players.
Rockwell Automation Emersion Electric Co. General Electric Co. SAP SE.
