Unlocking Growth: Manufacturing Execution Systems (MES) Market Trends Forecast Till 2030


Posted November 17, 2023 by delvens123

The Manufacturing Execution Systems (MES) Market research report includes the competitive landscape that involves leading companies and adopting strategies to introduce new products.

 
Moreover, the report elaborates on numerous customers’ journeys related to this industry, regions, and segments. The Manufacturing Execution Systems (MES) Market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions.
Manufacturing Execution Systems (MES) Market Overview
The global Manufacturing Execution Systems (MES) Market size is projected to reach a CAGR of 9.7% from 2023-2030.
Manufacturing Execution System (MES) is a computerized system used for real-time documentation, control, and management of the entire processes involved in manufacturing industries. MES software encompasses the services in the personnel, machines, and support departments of the manufacturing enterprise and enables the integration of various applications employed for purchasing, shipping and receiving, inventory control, maintenance, and scheduling activities. MES is all about the management of operations on the shop floor and strives to connect the administration to the shop-floor operations to have effective control over them. Even without direct control over any machine, MES tracks and controls almost all the production activities varying from scheduling a small set of critical machines to managing the entire fabrication operation for a manufacturer. MES, a subset of ERP, is instrumental in the execution of the plan outlined by the manufacturing resource planning (MRP) system.
The rising technological advancements in both the OT (operational technology) and it (information technology) are the major drivers of the modern manufacturing execution system industry. The systems used in information technology are mainly used for the efficient collection of data. And the operational technology is used for the real-time monitoring of particular events and making required changes for various industrial purposes. Also, the rising demand for IoT (Internet of Things) is a major factor in its various benefits. There are various modern manufacturing execution system market opportunities that are expected to boost the market. Modern manufacturing execution systems are largely used for gathering and auditing data, dispatching, scheduling, and other tasks. It also requires other available solutions in the market for effective workflows such as warehouse management systems (WMS), supply chain management (SCM), and many more. The combination of such solutions along with the MES has greater opportunities for the market to develop at a rapid speed.
The sudden shift in industries towards digital platforms includes several levels. It can be helpful for medium and large-sized enterprises. However, currently, it is essential for effective and capable software for better performance of the systems. As a result, medium and small-sized enterprises are not capable to use advanced solutions. For that, they need high investments. Also, there is a certain lack of knowledge regarding the benefits of the Modern Manufacturing Execution System Market Trends among users. Thus, these factors can hinder market growth during the forecast period.
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The outbreak of the COVID-19 disease had a massive impact on economies around the world. It is because various companies were forced to shut their manufacturing units as a result of the lockdown. This has led to the disruption of the supply and distribution chain of various industries. The revenue which is generated in the market is interlinked with the service. But, due to the disease, the services sector was halted for several months in the initial months of 2020. But it is speculated that after the pandemic will be eradicated, the modern manufacturing execution system market can regain its revenue exponentially in the future.
Delvens Industry Expert's Standpoint
The rising demand for operational efficiency in the manufacturing sector led to increased efficiency, reduce costs, and improve quality. The manufacturing execution system (MES) provides real-time visibility into the production process, allowing manufacturers to identify bottlenecks and optimize production. Further, there is a need for manufacturing companies to comply with increasingly stringent quality standards to meet customer demands and regulatory requirements. The tools to monitor and control quality throughout the production process are provided by MES. In addition to that, the emergence of the Industrial revolution along with the adoption of digital technologies such as IoT, AI, and big data analytics are going to drive the market of Manufacturing Execution Systems in the coming years.
Key Findings
• Based on components, the manufacturing execution system market is segmented into software and services. The software segment led the overall manufacturing execution system market in 2021. It is expected to continue its dominance over the forecast period.
• Based on deployment type, the manufacturing execution system market is segmented into on-premises and cloud. The on-premises segment accounted for a larger market share in 2021. On-premises deployment benefits the manufacturers deploying manufacturing execution systems by preserving all their processes and current internal systems, such as authentication and access privileges.

• Based on industry type, the manufacturing execution system market is segmented into process industry and discrete industry. In the global manufacturing execution system market, the discrete industry segment accounted for a larger market share in 2021 and is anticipated to maintain its dominance over the forecast period.
• The market is also segmented into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia-Pacific is expected to continue to hold a significant share of the MES market over the forecast period, majorly due to the presence of several significant MES vendors.
Manufacturing Execution Systems (MES) Market Regional Analysis
Asia-Pacific to Dominate the Market
• Asia-Pacific is expected to continue to hold a significant share of the MES market over the forecast period, majorly due to the presence of several significant MES vendors.
• Asia-Pacific’s strong financial position enables it to invest heavily in advanced solutions and technologies that have provided a competitive edge in the market. Also, the region is viewing several partnerships by market players, which is helping them combine their solutions and offerings to increase their market presence.
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Manufacturing Execution Systems (MES) Market Competitive Landscape
• Werum Software and Systems
• Schneider Electric S.A
• Siemens AG
• General Electric Co.
• Rockwell Automation Inc.
• Eyelit Inc.
• Honeywell International Inc.
• Operator Systems Aps
• Emerson Electric Co.
• ABB Ltd
Manufacturing Execution Systems (MES) Market Recent Developments
• In May 2021, Siemens launched a new Opcenter Execution Discrete 4.1, which provides powerful MES capabilities, complete integration of regulatory and quality requirements, synchronized production processes for optimal supply-chain management, and sustained reductions in maintenance and operation costs.
• In November 2021, Rockwell Automation launched new remote access solution which comprises robust security capabilities including multi-factor authentication as well as encrypted protocols. The remote access solution can position OEMs to fulfill current and future remote support requirements.
Reasons to Acquire in the Manufacturing Execution Systems (MES) Market
• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for Manufacturing Execution Systems (MES) Market so as to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Frequently Asked Questions
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Issued By Delvens
Country United Kingdom
Categories Business , Semiconductors
Last Updated November 17, 2023