The Manufacturing Execution Systems (MES) Market To Show Rapid Growth With Revenues Of Approximately $ 21.70 Billion By 2024

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NEW YORK, October 18, 2021 / PRNewswire / – Zion Market Research has released a new market research report titled Manufacturing Execution System (MES) Market by Function (Quality Analysis, Document Control, Inventory Management, Production Tracking, Production Performance Analysis, Resource Allocation, etc.), by Processing (Oil & Gas, Food & Beverage, Chemicals, Power & Energy & Others) and By Discrete Industry (Automotive, Consumer Electronics, Aerospace & Defense, Metals & Mining, & Others): Global Industry Perspective, Analysis complete and forecast, by 2024 “. According to the report, the global manufacturing execution systems (MES) market was valued at approximately $ 9.28 billion in 2017 and is expected to reach approximately $ 21.70 billion by 2024, at a CAGR of approximately 12.90% between 2018 and 2024.

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The Manufacturing Execution System (MES) is a computer system that provides manufacturing process optimization and improvement solutions to engineers and managers. This system makes it possible to generate greater production at minimum cost by modifying the current conditions of the workshop. The manufacturing execution system links the ERP system and the process control system. It works in real time to control the multiple functions of the production process.

The growing need to effectively manage the evolving challenges of the manufacturing process is expected to drive the demand for the Manufacturing Execution Systems (MES) market across the globe. Many businesses face challenges when it comes to connecting hardware components to cloud computing. The cloud-based manufacturing runtime system helps connect these hardware components by assigning an Internet Protocol (IP) or Transmission Control Protocol (TCP) address to the device. The manufacturing execution system can integrate with other ERP systems in the organization and this factor is further expected to accelerate the manufacturing execution systems (MES) market growth globally. Integrating other ERP systems with MES will eliminate the need for stand-alone systems and provide better information on estimated order delivery dates, and improve decision making. However, the complex nature of the technology may restrain the growth of the global manufacturing execution systems (MES) market.

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The Manufacturing Execution Systems (MES) market is segmented on the basis of function, process industry, discrete industry, and region. On the basis of function, the market is divided into quality analysis, document control, inventory management, production monitoring, production performance analysis, resource allocation, etc. The process industry segment includes oil and gas, food and beverage, chemicals, power and energy, etc. Discrete industries in the Manufacturing Execution Systems (MES) market are Automotive, Consumer Electronics, Aerospace & Defense, Metallurgy & Mining, etc.

Geographic regions included in the Global Manufacturing Execution Systems (MES) Market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, which is then segmented into large countries. Among the regions, North America is expected to hold the largest share of the overall Manufacturing Execution Systems (MES) market. The flourishing manufacturing industry in the United States has contributed to the significant growth of the Execution Systems (MES) market in the North American region. The main reason for the growth of the market in North America the growing adoption of big data analytics by multiple organizations in Canada and the United States. The recent study by Dresner Advisory Services indicates that approximately 55% of North American organizations have already adopted big data analytics to improve their operational efficiency. Moreover, the increasing use of Internet of Things in the production process is further expected to support the growth of the Manufacturing Execution Systems (MES) market by North America.

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The major players operating in the global manufacturing execution systems (MES) market are Schneider Electric SA, 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, Andea Solutions, ABB Ltd. and others.

The report segments the global Manufacturing Execution Systems (MES) market as follows:

Global Manufacturing Execution System (MES) Market: Function Segment Analysis

Global Manufacturing Execution System (MES) Market: Process Industry Segment Analysis

  • Oil and gas

  • Food and drinks

  • Chemical

  • Power and energy

  • Others

Global Manufacturing Execution System (MES) Market: Discrete Industry Segment Analysis

  • Automotive

  • Consumer electronics

  • Aeronautics and Defense

  • Metal and mining

  • Others

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By region

North America

Europe

  • France

  • Great Britain

  • Spain

  • Germany

  • Italy

  • Rest of Europe

Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • South East Asia

  • Rest of Asia Pacific

Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

Middle East & Africa

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