Manufacturing Execution System Market (Component - Software, and Services; Deployment - On-premises, and On-demand; End Use Industry - Food & Beverages, Pharmaceutical and Life Sciences, Chemical, Energy & Power, Pulp & Paper, Automotive, Aerospace & Defense, and Water & Waste Water Management): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : January, 2020

  • Rep Id : ICT1313

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on manufacturing execution system market provides in-depth analysis of segments and sub-segments in the global as well as regional manufacturing execution system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional manufacturing execution system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global manufacturing execution system market. According to the report, the global manufacturing execution system market is projected to grow at a CAGR of 13.8% over the forecast period of 2019-2025.

 

Market Insight

Nowadays manufacturing plants are equipped with various software systems for performing different types of tasks, both manufacturing operations, and factory planning. The manufacturing environment demands smaller lot sizes, faster cycle times, better flexibility and smaller inventory buffers than ever before. Manufacturing execution system (MES) is a computerized system used in separate tasks such as production monitoring, sequence planning, workpiece identification, maintenance order management, worker information, and others. The developments on the MES is necessary to satisfy new demands in production. The Internet of Things, Big Data and Cloud Computing are trends in the manufacturing execution system market. In the IoT, widely distributed sensors and data sources are woven into an autonomous communications network, generating complex and significant aggregated data. Big Data identifies the large volumes of data available and extract information useful in decision-making. The combination of these trends outlines a scenario identifiable as the progression of a single manufacturing execution system (MES) to a new level of pervasiveness and efficiency.

 

The factors such as low deployment cost and high efficiency are driving the growth of the manufacturing execution system market. MES enables rapid real-time communication between control systems and existing ERP (Enterprise resource planning) technology. Besides, systems integrating web-enabled information portals provide management with the facility to communicate to their distributed operations at disparate locations. Furthermore, the adoption of the factory automation system is also driving the MES market. Automation has led to the production of sophisticated parts that have similar output qualities with little variability in general tolerances. It is extensively employed in the manufacturing of chemicals, plastics, fertilizers, paper products, automobile assembly, aircraft production, and food processing. It has benefits such as increased productivity, improved quality and consistency, and reduced human labor costs. Conversely, the cost involved in the maintenance of the manufacturing execution system is hampering the growth of the market. It becomes more critical for companies operating with tighter budgets to manage costs throughout the entire implementation of the manufacturing execution system. Buying software can be expensive for those companies. Moreover, increased adoption of the latest automation technologies and increasing demand for fast-moving consumer goods (FMCG) are projected to induce opportunities in the manufacturing execution system market. It is important for companies to recognize the efficiencies and results that automation technology can produce, and the level of disruption the transformation will process.

 

Geographically, North America dominates the global manufacturing execution system market. The factors such as the presence of a large number of players and their focus on product development to achieve a strong position in the market are driving the manufacturing execution system market in the North America region. Europe holds the second-largest market share of the global manufacturing execution system market.

 

Segment Covered

The report on global manufacturing execution system market covers segments such as component, deployment, and end use industry. On the basis of component, the sub-markets include software, and services. On the basis of deployment, the sub-markets include on-premises, and on-demand. On the basis of end use industry, the sub-markets include food & beverages, pharmaceutical and life sciences, chemical, energy & power, pulp & paper, automotive, aerospace & defense, and water & waste water management.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Applied Materials, Inc., ABB Ltd., Honeywell International, Inc., Dassault Systèmes, Rockwell Automation, Inc., Siemens AG, SAP SE, Werum IT Solutions GmbH, Oracle Corporation, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of manufacturing execution system market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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