The growth of this market is attributed to the growing complexity of manufacturing operations, the rising adoption of industrial automation in process and discrete industries and the increasing significance of regulatory compliances. Furthermore, the integration of MES with solutions such as ERP and PLM and increasing applications of MES in the pharmaceutical industry are expected to create significant opportunities for the players operating in this market.
The global manufacturing execution systems market is projected to reach $ 17.83 billion by 2030, at a CAGR of 7.7% from 2023 to 2030.
However, the complexities in deploying MES in various industries pose challenges to the growth of this market. Additionally, the requirement for significant capital investments and upgradation & maintenance costs are restraining market growth.
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Drivers
- Growing Complexity of Manufacturing Operations
- Rising Adoption of Industrial Automation in Process and Discrete Industries
- Increasing Significance of Regulatory Compliances
Key Players:
The key players profiled in the global manufacturing execution systems market study include Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), SAP SE (Germany), ABB Ltd (Switzerland), Dassault Systèmes S.A. (France), AVEVA Group Plc (U.K.), Applied Materials Inc. (U.S.), Oracle Corporation (U.S.), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Epicor Software Corporation (U.S.), Infor Equity Holdings LLC (U.S.), Eyelit Inc. (Canada), Aegis Industrial Software Corporation (U.S.) and Critical Manufacturing, S.A. (Portugal).
Asia-Pacific is Slated to Register the Highest CAGR During the Forecast Period
Based on geography, the global manufacturing execution systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this region is driven by growing technological investments in the production of industrial tools and machinery, the growth and expansion of the semiconductor sector, and rising demand for MES from the chemical and automotive industries.
Furthermore, the growing investments in R&D activities in China and India have further strengthened the Asia-Pacific MES market. Additionally, this market is expected to grow significantly over the next several years due to increasing industry knowledge of execution systems for manufacturing processes. Furthermore, China is investing significantly in using AI in the pharmaceutical industry, accelerating the market expansion rate. Another factor driving the growth of this market is the rise in manufacturing facilities across various industries, including those that depend heavily on manufacturing execution systems, such as the automotive, textile, power, and pharmaceutical industries.
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The Hybrid Deployment Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on deployment mode, the global manufacturing execution systems market is segmented into on-premise deployment, on-demand deployment, and hybrid deployment. The hybrid deployment segment is projected to register the highest CAGR during the forecast period. The hybrid deployment type is widely preferred in oil & gas and energy & power sectors because of the increasing need for real-time information for monitoring activities in these sectors. A hybrid deployment also provides additional storage capacity, which ensures data protection.
Scope of the Report:
Manufacturing Execution Systems Market, by Offering
- Software
- Services
- Implementation
- Software Upgradation
- Training
- Other Services
Manufacturing Execution Systems Market, by Deployment Mode
- On-premise Deployment
- On-demand Deployment
- Hybrid Deployment
Manufacturing Execution Systems Market, by Application
- Monitoring
- Production Control
- Production Documentation
- Production Disposition
- Inventory Management
- Maintenance
- Quality Management
- Plant-wide Production Planning
- Other Applications
Manufacturing Execution Systems Market, by End-use Industry
- Process Industry
- Food & Beverages
- Oil & Gas
- Chemicals
- Paper & Pulp
- Pharmaceuticals & Life Sciences
- Energy & Power
- Water & Wastewater
- Other Process Industries
- Discrete Industry
- Introduction
- Automotive
- Aerospace
- Consumer Packaged Goods
- Medical Devices
- Other Discrete Industries
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Based on Offering, the Service Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on offering, the global manufacturing execution systems market is segmented into software and services. The services segment is projected to register the highest CAGR during the forecast period. The key factor propelling the growth of this segment is the increasing significance of the global post-implementation procedure of several industrial execution systems. Other factors anticipated to drive the growth and demand for the services segment over the forecast period include improved efficiency, decreased waste, and shorter output times in the manufacturing process of various applications in industries, including food & beverages, pharmaceuticals, and consumer packaged goods
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The new report studies the Global Manufacturing Execution Systems (EMS) Market in detail and presents comprehensive forecasts regarding the market’s growth trajectory in the coming years.
This report studies the global Manufacturing Execution Systems (EMS) market, analyzes and researches the Manufacturing Execution Systems (EMS) development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
In addition, the sources of raw materials used for manufacturing by the key manufacturers in 2019 have been detailed in this study.Major Companies Profiled in Manufacturing Execution Systems (EMS) Market are:ABBHCL TechnologiesAccentureApteanDassault SystemesAndea SolutionsFujitsuEmersonGE DigitalEyelitHoneywellKronesIBASEtThe cost analysis of the Global Manufacturing Execution Systems (EMS) market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend.
Other factors such as industrial chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market.
Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.Buy Manufacturing Execution Systems (EMS) Market Report at Discount: https://www.orbisresearch.com/contact/purchase-single-user/4183502All the way through this report, the core dynamic factors of the Manufacturing Execution Systems (EMS) market were acknowledged and the commercial partners, end users were also worked out.
Abundant interviews and talks were conducted with the protuberant leaders of the industry to gain dependable and reorganized information relevant to the market.Global Manufacturing Execution Systems (EMS) Market is segmented based by Type, Application and Region.Based on Type, the Market has been segmented into:On-PremisesOn-DemandHybridBased on Application, the Market has been segmented into:Beverages Or Brewing IndustryRefineries & PetrochemicalsPharmaceuticalsChemicals And Specialty ChemicalsAutomotiveMachine/Plant ConstructionMetal/PaperAsk Our Industry Expert: https://www.orbisresearch.com/contacts/enquiry-before-buying/4183502Table of Content (TOC):Market Overview: The report begins with this section where product overview and highlights of product and application segments of the global Manufacturing Execution Systems (EMS) Market are provided.
