PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1408623
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1408623
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Offering, Deployment, Process Industry, Discrete Industry |
Regions covered | Asia Pacific, North America, Europe, and Rest of the World |
The manufacturing execution systems market is expected to reach USD 23.0 billion by 2029 from USD 14.9 billion in 2024, at a CAGR of 9.2% from 2024-2029. The growth of this market is attributed to the Increasing implementation of industrial automation in process and discrete industries and increasing demand for operational efficiency, increasing demand for high operational efficiency, and increasing complexity of manufacturing processes.
"On-premises deployment segment is to hold the largest market share of manufacturing execution systems market in 2023."
The on-premises model enables manufacturers to host applications within the office premises. Unlike the on-demand model, the on-premises model is dedicated to only one organization. In this deployment type, the user must bear the cost of purchasing and maintaining the software and infrastructure. It offers hosted services to a limited number of people within a firewall, thereby minimizing security concerns. On-premises deployment is often chosen when organizations prefer to maintain direct control over their IT infrastructure and data, have specific security or compliance requirements, or need to integrate the MES system tightly with other on-premises systems.
"Dairy product segment of food & beverages industry is to grow at the highest growth rate during the forecast period."
The dairy industry is one of the industries with a high demand for processed products as these are perishable and require proper storage and safety. Preserving milk includes the preservation of milk components, such as fats, milk solids, and cream, among others. The adoption of manufacturing execution systems in the dairy industry helps to integrate various processes, right from milk processing to its delivery, while meeting safety compliances. MES ensures precision in batch management, overseeing accurate ingredient measurements and recipe adherence for products like cheese and yogurt. Quality management is elevated through continuous monitoring of parameters such as temperature and acidity, with traceability and lot tracking guaranteeing the safety and quality of dairy items.
"North America holds the largest market share of manufacturing execution systems market in 2023."
North America comprises the US, Canada, and Mexico. The rising demand for manufacturing execution systems in sectors such as pharmaceutical & life sciences, chemical, automotive, and aerospace & defense is expected to support the market growth in North America. Technologically, North America is one of the most advanced markets for manufacturing execution systems due to the presence of prominent system suppliers and manufacturers in this region.
Major players in the manufacturing execution systems market include Siemens (Germany), Dassault Systemes (France), SAP (Germany), Rockwell Automation (US), Honeywell International Inc. (US) and others.
Research Coverage
The report segments the manufacturing execution systems market by Offering, Deployment, Process Industry, Discrete Industry, and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall manufacturing execution systems market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
(Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**