According to a new market report published by Transparency Market
Research “Manufacturing
Execution System (MES) Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023,” manufacturing
execution system market was valued at USD 7,860.5 Million in 2014;
and is expected to reach USD 19,364.7 Million in 2023, growing at a
CAGR of 11.1% from 2015 to 2023.
Manufacturing Execution Systems (MES) are integrated software
application aimed to provide manufacturing industries with the means
to schedule and plan, direct and operate, and track and analyze their
operations. Presently, manufacturing industries are experiencing
increasing overhead and material costs. In addition, intense economic
conditions are compelling manufacturers to surge production in a cost
effective way. This in turn is leading to rising need for
implementation of industrial control systems aimed to optimize
processes and provide better visibility of the shop floor. Need for
quicker turnarounds and efficient utilization of resources or
inventories is further driving the need for automation in industries.
MES solutions offers real-time information of the shop floor,
allowing end user industries to quickly response to any challenge
that could negatively impact efficiency, productivity and quality. In
addition, MES solutions offer uninterrupted visibility into
production operations, gaining an overall view of the shop floor.
Demand for industrial automation, better visibility of the shop floor
and need for real-time control and adjustments to operations is
driving the demand for manufacturing execution system (MES).
However, requirement of high initial investment upfront, end user
industries are often reluctant to install MES, which in turn is
posing as a major factor restraining the market growth. Moreover,
rising complexities in manufacturing industries is leading to
complexities in installation of MES, further limiting the growth of
the MES market. Growth opportunities for key players in the MES
market lies in increasing penetration of industrial internet of
things (IoT), which in turn is leading to rising demand for
next-generation advanced MES solutions across the globe.
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The global manufacturing execution system (MES) market is categorized
based on process and discrete industry. Process industry includes oil
and gas, chemical, food and beverages, pulp and paper,
pharmaceutical, energy and power, water and wastewater treatment and
others. Other process industry segment includes textiles, and steel
and aluminum. In 2014, oil and gas segment contributed the majority
of the global MES market share by process industry in terms of
revenue. Based on discrete industry, the global manufacturing
execution system (MES) market is segmented into automotive, aerospace
and defense, electronics and electrical, medical devices, FMCG, and
others. Others segment includes semiconductors, furniture & wood
products, and printing and publishing. Amongst discrete industry,
automotive segment held the majority of the market share in terms of
revenue in 2014. Surge in installation of MES in automotive industry
to meet increasing demand for faster time to market is driving the
growth of the segment.
Geographically, North America led the manufacturing execution system
(MES) market in 2015. Growth in this region is attributed to the
rising need for advanced MES in industries aimed at integrating data
from ERP and routing the information to plant floor for efficient
operation. Europe followed North America and held the second largest
market share in terms of revenue in 2014. Asia Pacific region closely
followed Europe region and is anticipated to grow at the highest rate
during the forecast period.
Key players have also been profiled on the basis of company overview,
financial overview, business strategies and recent developments in
the field of manufacturing execution system (MES) industry. Major
market participants profiled in this report include ABB Ltd.
(Switzerland), Schneider Electric S.E. (France), Rockwell Automation,
Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co.
(U.S.), and SAP SE (Germany) among others.
The report studies the global manufacturing execution system (MES)
market, and provides estimates in terms of revenue (USD Million) from
2015 to 2023. Market estimates on the basis of process industry, and
discrete industry for each region.
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