Manufacturing Execution System Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
Manufacturing Execution System Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, October 21, 2024 /EINPresswire.com/ — The manufacturing execution system market has experienced robust growth in recent years, expanding from the market is projected to grow from $14.25 billion in 2023 to $15.81 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.9%. This growth during the historic period can be linked to the increasing demand for operational efficiency, the need for compliance and quality management, the adoption of lean manufacturing practices, the emphasis on quality control and traceability, and efforts to enhance workforce productivity.
What Is The Estimated Market Size Of The Global Manufacturing Execution System Market And Its Annual Growth Rate?
The manufacturing execution system market is projected to continue its strong growth, reaching the market is expected to reach $24.52 billion by 2028, growing at a compound annual growth rate (CAGR) of 11.6%. This anticipated growth during the forecast period can be attributed to factors such as the implementation of advanced analytics and predictive maintenance, enhanced supply chain resilience, optimization of energy efficiency, the shift towards paperless manufacturing operations, adherence to regulatory compliance and reporting, and improved supply chain integration and visibility.
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Growth Driver Of The Manufacturing Execution System Market
The rising demand for mass production and a connected supply chain to support the growing population is anticipated to drive the manufacturing execution system market. Companies are increasingly investing in advanced software and AI-based solutions to address the rapidly expanding requirements for mass production and interconnected supply chains.
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Who Are the Leading Competitors in the Manufacturing Execution System Market Share?
Key players in the market include ABB Ltd.,AVEVA Group plc, Dassault Systèmes, Honeywell International Inc., Rockwell Automation Inc.,Siemens AG,Schneider Electric SE,Dassault Systèmes,Emerson Electric Co.,General Electric Company,Honeywell International Inc.,Werum IT Solutions,Parsec Automation Corp.,PTC Inc.,Yokogawa Electric Corporation,SAP SE,Schneider Electric SE,Lighthouse Systems,Critical Manufacturing,Cogiscan Inc.,Andea Solutions,Plex Systems Inc.,Sanmina Corporation,Applied Materials Inc.,L&T Technology Services,ATS Global B. V.,MPDV Mikrolab GmbH,CIMON Inc.,Prolink Technologies,Aegis Industrial Software Corporation.
Which Key Trends Are Driving Manufacturing Execution System Market Growth?
A manufacturing execution system (MES) is a dynamic software solution that oversees, tracks, documents, and manages the entire manufacturing process, from raw materials to the final product. It serves as an intermediary layer between enterprise resource planning (ERP) systems and process control systems, providing data to decision-makers to facilitate efficient and optimized production activities.
How Is The Global Manufacturing Execution System Market 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
Geographical Insights: Asia-Pacific Leading The Manufacturing Execution System Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Manufacturing Execution System Market Definition
A manufacturing execution system (MES) is a dynamic software solution that oversees, tracks, documents, and manages the entire manufacturing process, from raw materials to the final product. It serves as an intermediary layer between enterprise resource planning (ERP) systems and process control systems, providing data to decision-makers to facilitate efficient and optimized production activities.
Manufacturing Execution System Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global manufacturing execution system market report covering trends, opportunities, strategies, and more
The Manufacturing Execution System Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on manufacturing execution system market size, manufacturing execution system market drivers and trends, manufacturing execution system market major players and manufacturing execution system market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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