Market Overview:
A Modern Manufacturing Execution System (MES) is a software solution that helps manufacturers to manage and optimize their production processes. It provides real-time visibility into the production process, from raw materials to finished goods. This visibility allows manufacturers to identify and address problems quickly, improve efficiency, and reduce costs.
According to Market Research Future (MRFR), the global modern manufacturing execution system market will garner USD 34.5 Billion by 2030, registering a 14.83% CAGR throughout the forecast period 2022 - 2030.
Modern Manufacturing Execution System Market Competitive Analysis:
Players leading the modern MES market include:
- ABB
- Accenture Plc
- Andea Solutions Sp. z o.o.
- Dassault Systems SE
- Emerson Electric Co.
- GE Digital
- Honeywell Process Solutions
- Rockwell Automation, Inc.
- SAP AG
- Schneider Electric SE
- Siemens PLM Software, Inc.
- Werum IT Solutions GmbH
- Yokogawa Electric Corporation.
- SAP SE
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The rising adoption of automation and digitization across end-use industries worldwide will support market growth. Besides, the growing need for digital transformations of businesses will escalate the market value. The rising awareness of the benefits of digitization and automation in the workflow is expected to create massive market demand.
Increasing demand for modern manufacturing execution systems in BFSI, consumer electronics, manufacturing, retail, healthcare, and transportation sectors will act as a key driving force for market growth. Additionally, the rapid adoption of cloud-based services and deployments in advanced algorithms will substantiate market revenues.
Modern Manufacturing Execution System Market – Segments:
The report is segmented into components, developments, discrete industries, and regions. The component segment is sub-segmented into software and services. The development segment is sub-segmented into on-premise, on-cloud, and hybrid. The discrete industry segment is sub-segmented into automotive, aerospace & defense, medical, FMCG, electronics, and others.
Modern Manufacturing Execution System Market Report Scope:
Rapid growth in BFSI and retail & manufacturing sectors will drive the modern manufacturing execution system industry. Conversely, the lack of technical expertise and issues concerning data privacy & security are projected to impede the market growth. Nevertheless, increasing implementations of modern manufacturing execution systems would support market growth throughout the assessment period.
The global modern manufacturing execution system market is heading with rapid industrial automation worldwide. Manufacturing Execution Systems (MES) are used in many processes, discrete, and mixed manufacturing facilities globally. The recent COVID-19 pandemic increased the demand in the global modern manufacturing execution system market.
Browse In-depth Market Research Report (110 Pages) on Modern Manufacturing Execution System Market:
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Modern Manufacturing Execution System Market - Competitive Analysis:
Highly competitive, the modern MES market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain key trends for the leading players as these strategies support their growth and expansion plans. They deliver reliable, leading-edge products and services. For which they invest substantially in R&D to develop adept technologies and products.
Global Modern Manufacturing Execution System Market - Regional Analysis:
North America dominates the global modern manufacturing execution system market. The largest market share attributes to the rapid automation & digital transformation and the early adoption of advanced technologies.
Besides, the strong presence of notable players and well-established development centers drives market growth, increasing R&D investments to develop automation technologies and services. Moreover, the increasing adoption of digital automation processes across end-user industries boosts the regional market growth.
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