PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1462548
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1462548
Global Manufacturing Execution Systems Market size will witness over 9.5% CAGR between 2024 and 2032, driven by an influx of contracts and projects from industry-leading companies. As these enterprises prioritize efficiency, quality, and compliance in their manufacturing processes, they increasingly turn to MES solutions to streamline operations and enhance productivity.
For instance, in October 2023, Asia Symbol Group, a prominent wood pulp producer in China, announced that it is broadening its business scope by venturing into tissue manufacturing. In this expansion, the company chose ABB as its trusted partner to supply the ABB Ability(TM) Manufacturing Execution System (MES) and handle system integration across three of its tissue mills in Guangdong, Shandong, and Jiangxi.
These systems offer real-time monitoring, data analysis, and optimization capabilities, empowering companies to make informed decisions and meet evolving market demands. With a focus on digitization and automation, MES solutions are becoming indispensable tools for manufacturers seeking to remain competitive in today's rapidly evolving landscape. As a result, the MES market is witnessing substantial growth, propelled by the endorsements and investments of leading industry players.
The overall Manufacturing Execution Systems Industry is classified based on the offering, deployment mode, application, end-use, and region.
The services segment will register a significant growth rate by 2032. Companies are seeking MES solutions to optimize their manufacturing processes, enhance productivity, and ensure compliance. MES providers offer a wide range of services, including implementation, customization, training, and support, catering to the diverse needs of manufacturers. These services help streamline operations while enabling companies to leverage the full potential of MES technology, driving the demand for MES solutions in the market.
The manufacturing execution systems market share from the on-premises segment will withhold a dominant share from 2024-2032. Many industries, particularly those with sensitive data or regulatory compliance concerns, prefer on-premise solutions for greater control and security. With on-premise deployment, companies can customize MES systems to their specific needs and integrate them seamlessly with existing infrastructure. This preference for on-premise deployment underscores the importance of flexibility and data sovereignty, fueling the demand for MES solutions tailored to meet these requirements in the market.
Europe manufacturing execution systems market will showcase a commendable CAGR from 2024 to 2032. With a focus on enhancing operational efficiency, ensuring product quality, and meeting stringent regulatory standards, European industries are increasingly adopting MES solutions. These systems offer real-time monitoring, data analysis, and optimization capabilities, aligning with Europe's commitment to Industry 4.0 principles. Moreover, government initiatives and incentives aimed at promoting digitalization and automation further drive the adoption of MES solutions across various sectors, indicating a robust demand for MES technology in the European market. For instance, in October 2023, Quadrant Knowledge Solutions declared MPDV as the 2023 technology frontrunner in the SPARK Matrix(TM) for Manufacturing Execution System (MES)-Discrete, focusing on Europe.