Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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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