PUBLISHER: Meticulous Research | PRODUCT CODE: 1518447
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518447
Manufacturing Execution Systems Market by Offering (Software, Services), Deployment Mode, Process Industry, Discrete Industry and Geography-Global Forecast to 2031.
The research report titled, 'Manufacturing Execution Systems Market by Offering (Software, Services), Deployment Mode, Process Industry, Discrete Industry, and Geography-Global Forecast to 2031', provides an in-depth analysis of the manufacturing execution systems market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The manufacturing execution systems market is projected to reach $19.2 billion by 2031, at a CAGR of 7.7% from 2024 to 2031. This market's growth is attributed to the growing complexity of manufacturing operations, the rising adoption of industrial automation in process & discrete industries, and the increasing significance of regulatory compliances. However, the requirement for significant capital investments and upgradation & maintenance costs are restraining the growth of this market.
Furthermore, the integration of MES with solutions such as ERP and PLM and increasing applications of MES in the pharmaceutical industry are expected to create significant opportunities for the players operating in this market. However, the complexities in deploying MES in various industries pose challenges to the growth of this market.
The global manufacturing execution systems market is segmented by offering (software and services), deployment mode (on-premise, on-demand, and hybrid deployment), application (monitoring, production control, production documentation, production disposition, inventory management, maintenance, quality management, plant-wide production planning, and other applications), and end-use industry (process industry and discrete industry). This study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on offering, the global manufacturing execution systems market is segmented into software and services. The growth of the services segment is attributed to the increasing significance of the post-implementation procedure of several industrial execution systems. Moreover, the services segment is also estimated to register the highest CAGR during the forecast period. Factors expected to drive growth and demand for the services segment during the forecast period include increased efficiency, reduced waste, and shorter output times in the manufacturing process of various applications in industries such as food & beverages, pharmaceuticals, and consumer packaged goods, among others.
Based on deployment mode, the global manufacturing execution systems market is segmented into on-premise deployment, on-demand deployment, and hybrid deployment. In 2024, the on-premise deployment segment is expected to account for the largest share of the global manufacturing execution systems market. This segment's large market share is attributed to manufacturers' increasing adoption of MES to retain all their existing processes and internal systems, such as authentication & access credentials.
Based on application, the global manufacturing execution systems market is segmented into monitoring, production control, production documentation, production disposition, inventory management, maintenance, quality management, plant-wide production planning, and other applications. In 2024, the monitoring segment is expected to account for the largest share of the global manufacturing execution systems market. This segment's large market share is attributed to the growing need to analyze real-time data to provide improved performance contextually and automated workflows, product transactions, and manual tasks to ensure top accuracy.
Based on end-use industry, the global manufacturing execution systems market is segmented into process industry and discrete industry. In 2024, the discrete industry segment is expected to account for the largest share of the global manufacturing execution systems market. In discrete industries such as automotive manufacturing plants, consumer packaged goods, and medical devices, manufacturing execution systems are used to deliver information that enables the optimization of production activities from order launch to finished goods. The use of manufacturing execution systems in discrete industries assists in efficiently monitoring the performance of the manufacturing processes comprising the production of a variety of modules and parts, devices, and other goods.
Based on geography, the global manufacturing execution systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global manufacturing execution systems market. This region's large market share is attributed to the presence of several MES key players, such as Rockwell Automation, Inc. (U.S.), AVEVA Group Plc (U.K.), Applied Materials Inc. (U.S.), Oracle Corporation (U.S.), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Epicor Software Corporation (U.S.), and Infor Equity Holdings LLC (U.S.).
Moreover, North America's strong financial position enables it to invest heavily in advanced solutions & technologies that have provided a competitive edge in the market.
The key players operating in the manufacturing execution systems market are Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), SAP SE (Germany), ABB Ltd (Switzerland), Dassault Systemes S.A. (France), AVEVA Group Plc (U.K.), Applied Materials Inc. (U.S.), Oracle Corporation (U.S.), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Epicor Software Corporation (U.S.), Infor Equity Holdings LLC (U.S.), Eyelit Inc. (Canada), Aegis Industrial Software Corporation (U.S.) and Critical Manufacturing, S.A. (Portugal).
Manufacturing Execution Systems Market-by Offering
Manufacturing Execution Systems Market-by Deployment Mode
Manufacturing Execution Systems Market-by Application
Manufacturing Execution Systems Market-by End-use Industry
Manufacturing Execution Systems Market-by Geography