Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.77 Billion | USD 17.77 Billion | 12.10% | 2023 |
The global Manufacturing Execution System (MES) market size accrued earnings worth approximately USD 17.77 Billion in 2023 and is predicted to gain revenue of about USD 17.77 Billion by 2032, is set to record a CAGR of nearly 12.10% over the period from 2024 to 2032.
The study includes drivers and restraints for the MES market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the manufacturing execution system (MES) market on a global level.
A manufacturing execution system (MES) is a system that monitors, controls, and connects data flows and complex manufacturing systems on the factory floor. Ensuring the efficient execution of the manufacturing process and improving production output are the primary objectives of the manufacturing execution system. This system helps in achieving those objectives by tracking and collecting real-time, accurate data about the complete manufacturing system, from raw material supply to the final finished product.
Technological advancements and upsurge of cloud-based solutions in the manufacturing industry are some of the major factors driving the global manufacturing execution system market. Cloud-based manufacturing execution system offers advantages in production efficiency, ease of use, simplified access, and higher system uptimes. The user can access all the system components such as servers, networking equipment, data storage devices, and software within a streamlined and powerful cloud environment. Increasing necessity of real-time information in order to improve coordination has propelled the manufacturing execution system market growth across the globe. With the help of the Internet Of Things, the manufacturing execution system increases operational visibility with real-time information. However, high implementation cost of manufacturing execution systems may hinder the market growth.
In order to give the users of this report a comprehensive view of the manufacturing execution system (MES) market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the manufacturing execution system (MES) market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.
Report Attributes | Report Details |
---|---|
Report Name | Manufacturing Execution System (MES) Market |
Market Size in 2023 | USD 17.77 Billion |
Market Forecast in 2032 | USD 15.69 Billion |
Growth Rate | CAGR of 12.10% |
Number of Pages | 200 |
Key Companies Covered | Schneider Electric S.A., SAP, Werum Software and Systems, Siemens AG, Rockwell Automation Inc., General Electric Co. (GE), Eyelit Inc., Operator System Aps, Honeywell International Inc., Emerson Electric Co., Apriso Corporation, ABB Ltd., Andea Solutions, and others. |
Segments Covered | By Function, By Process Industry, By Discrete Industry, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Manufacturing execution system (MES) market is segmented based on function, process industry, discrete industry, and regions.
Functions segment include quality analysis, document control, inventory management, production tracking, production performance analysis, resource allocation, and others.
Based on process industries, the global manufacturing execution system (MES) market is divided into oil and gas, food and beverages, chemical, power and energy, and others. Discrete industries wise, the global manufacturing execution system (MES) market is sectored into automotive, consumer electronics, aerospace and defense, metal and mining, and others.
The manufacturing execution system (MES) market is analyzed across five regions, which include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The regions are further classified into major countries. Among the regions, Asia Pacific is expected to record the highest growth rate in global manufacturing execution system (MES) market during the forecast period. The adoption of manufacturing execution systems in the Asia Pacific will grow rapidly due to the execution of the Internet Of Things in various sectors in both processes and discrete industries. Adoption of new technologies, huge amount of data deluge, increasing necessity of automation, and rise in SME’s in the Asia Pacific are the factors contributing to the growth of manufacturing execution system (MES) market in this region.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, which is further divided into major countries.
The report covers a detailed competitive outlook including company profiles of the key participants operating in the global manufacturing execution system (MES) market. Key players profiled in this report include
Global Manufacturing Execution System (MES) Market: Function Segment Analysis
Global Manufacturing Execution System (MES) Market: Process Industry Segment Analysis
Global Manufacturing Execution System (MES) Market: Discrete Industry Segment Analysis
Global Manufacturing Execution System (MES) Market: Regional Segment Analysis
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