SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Manufacturing Execution Systems (MES) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 19; Released: February 2022
Executive Pool: 27726
Companies: 88 - Players covered include ABB; Accenture Plc; Andea Solutions Sp. z o.o.; Dassault Systemes SE; Emerson Electric Co.; GE Digital; Honeywell Process Solutions; Rockwell Automation, Inc.; SAP AG; Schneider Electric SE; Siemens PLM Software, Inc.; Werum IT Solutions GmbH; Yokogawa Electric Corporation. and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Services); Deployment (On-Premise, On-Demand, Hybrid); End-Use (Automotive, Aerospace & Defense, Healthcare, Oil & Gas, Chemical, Food & Beverage, Consumer Packaged Goods, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Manufacturing Execution Systems (MES) Market to Reach $22.9 Billion by 2025
Manufacturing Execution System (MES) is a computerized system used for real-time documentation, control and management of the entire processes involved in manufacturing industries. MES software encompasses the services in the personnel, machines and support departments of the manufacturing enterprise and enables integration of various applications employed for the purchasing, shipping and receiving, inventory control, maintenance and scheduling activities. MES is all about management of operations on the shop floor and strives to connect the administration to the shop-floor operations to have an effective control over them. Even without a direct control over any machine, MES tracks and controls almost all the production activities varying from scheduling a small set of critical machines to managing the entire fabrication operation for a manufacturer. MES, a subset of ERP, is instrumental in execution of the plan outlined by manufacturing resource planning (MRP) system.
Amid the COVID-19 crisis, Global Manufacturing Execution Systems (MES) market estimated at US$15.9 Billion in the year 2022, is projected to reach a revised size of US$22.9 Billion by 2025, registering a compounded annual growth rate (CAGR) of 13.9% over the analysis period. The United States represents the largest regional market for Manufacturing Execution Systems (MES), accounting for an estimated 33.1% share of the global total. The market is projected to reach US$7.7 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 17.5% over the analysis period. The market is expected to witness remarkable growth as industries continue to compete on a global basis and struggle to reduce cost, maximize their productivity, improve efficiency and maintain a competitive edge. In an increasingly globalized economy, manufacturing enterprises are leveraging the benefits of IT solutions, such as MES systems to stand apart in the highly competitive environment and improve profit margins.
MES can be viewed as a key strategy at the manufacturing level enabled by information technology for analyzing, scheduling and organizing manufacturing systems and related components. Adoption of MES can assist manufacturing customers in optimizing their strategies for taking better decisions. MES provides real-time data and information with respect to various aspects of production process, enabling key decision makers of the manufacturing enterprise to gain an insight into existing conditions at the plant floor for efficient decision-making and precise information exchange across the enterprise. With manufacturing firms globalizing their manufacturing footprint, MES is proving as a valuable tool by providing enhanced plant visibility and streamlining multi-plant operations. Even small and medium-scale businesses, which hitherto remained averse to MES adoption due to high costs involved, are turning to MES solutions due to availability of cost-effective MES solutions from MES software vendors. The small-and medium-sized businesses (SMBs) have therefore become a primary target for the vendors to tap. Growing popularity of MES solutions can also be judged from the fact that majority of manufacturers are now using some form of MES, including fully integrated system, manual or computer point solution. Integrated MES, in particular is gaining increased acceptance among end-users owing to its capabilities to integrate real-time data with various other information devices such as distributed control systems (DCS) as well as production planning systems (such as ERP).
Developed regions including the US, Canada, Japan and Europe, constitute the major revenue contributors for MES market. Widespread adoption of MES systems in the US is mainly attributed to large manufacturing base, wider preference for advanced technology solutions in manufacturing environments, and federal regulations governing the manufacturing ecosystem. Although developed regions represent the major revenue contributors, growth in the approaching years, however, is expected to be driven by developing regions, particularly China and Asia-Pacific. Steady economic growth, rising GDP, favorable government policies, rapid industrialization, and continued shifting of manufacturing/production bases to low cost destinations across industrial sectors bodes well for the growth of MES systems in the country. The increasing number of manufacturing facilities in industries such as pharmaceuticals, automotive, power and textiles are in turn driving demand for MES market in China. More
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Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.
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