The Manufacturing Execution System by The Business Research Company provides market overview across 60+ geographies in the seven regions — Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010–2021) and extends its insights into a ten-year forecast period (2023–2033).
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According to The Business Research Company’s Manufacturing Execution System, The manufacturing execution system market size has grown rapidly in recent years. It will grow from $14.25 billion in 2023 to $15.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to demand for operational efficiency, compliance and quality management, lean manufacturing practices, quality control and traceability, workforce productivity enhancement..
The manufacturing execution system market size is expected to see rapid growth in the next few years. It will grow to $24.52 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to advanced analytics and predictive maintenance, supply chain resilience, energy efficiency optimization, paperless manufacturing operations, regulatory compliance and reporting, supply chain integration and visibility.. Major trends in the forecast period include integration with industry 4.0 and smart manufacturing, cloud-based mes solutions, real-time data analytics and reporting, focus on cybersecurity,collaboration with erp systems, ai-driven process optimization, digital twin integration. .
The increase in demand for mass production and a connected supply chain to cater to the growing population is expected to drive the manufacturing execution system market. The companies are increasingly investing in advanced software and AI-based systems to meet the fast-growing demand for mass production activities and connected supply chains. For instance, according to the study published by the United Nations Industrial Development Organization, in Q4 of 2021, global manufacturing production observed a year-on-year growth of 3.3%, following an increase of 5.8% and 17.8% in Q3 and Q2 respectively. Additionally, according to the study conducted by PwC, a Global Industry 4.0 Survey, it was reported that implementation of manufacturing execution systems in production lines contributed to a 30% increase in productivity and increased ROI from cost savings of 3% and additional revenue of 3%. Therefore, mass production and a connected supply chain are expected to boost the manufacturing execution system industry.
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The manufacturing execution system market covered in this report is segmented –
1) By Offering: Software, Services
2) By Deployment: On-premise, On-demand, Hybrid
3) By Organization Size: Small and Medium Size Enterprise, Large Enterprise
4) By Process Industry: Food & Beverages, Oil & Gas, Chemicals, Pulp & Paper, Pharmaceutical & Life Sciences, Energy & Power, Water & Wastewater Management, Other Process Industries
Major companies operating in the manufacturing execution system market are launching latest version of MES to address the need for improved operational efficiency. The latest MES (Manufacturing Execution System) version is the most current and up-to-date release of the software, providing the latest features, improvements, and bug fixes for managing and monitoring manufacturing processes. For instance, in February 2023, AVEVA, a UK-based corporate payment specialist, launched AVEVA Manufacturing Execution System 2023, which offers improvements for multi-site MES solutions, streamlining operational efficiency, sustainability, and supply chain resilience. This update allows for a single centrally deployed MES across various locations, reducing the total cost of ownership. It also incorporates worker shift management, enhanced security, and supports multi-site MES data center deployments across different time zones, languages, and cultures. This release aims to help manufacturers achieve digital transformation and increased agility and resilience in a post-pandemic world.
The manufacturing execution system market report table of contents includes:
1. Executive Summary
2. Manufacturing Execution System Market Characteristics
3. Manufacturing Execution System Market Trends And Strategies
4. Manufacturing Execution System Market — Macro Economic Scenario
5. Global Manufacturing Execution System Market Size and Growth
….
31. Global Manufacturing Execution System Market Competitive Benchmarking
32. Global Manufacturing Execution System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Manufacturing Execution System Market
34. Manufacturing Execution System Market Future Outlook and Potential Analysis
35. Appendix
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