Acumen research and consulting estimates that the global manufacturing execution system market is anticipated to reach market size of around US$ 17,340 Mn by 2028 and is anticipated to grow at a CAGR of around 4.1% in terms of revenue during the forecast period 2021 - 2028.
An information system that tracks, integrates and manages dynamic data flows and processing machinery in the workplace is a process execution system. The main aim of the manufacturing sector is to ensure that processing processes are carried out efficiently and processing efficiency is improved. For eg, AVEVA Group PLC provides hybrid and batch processing execution systems. This aims to improve performance efficiency , productivity and conformity. Manufacturing technologies are used in different ways in manufacturing with a view to increasing productivity , reducing labour costs and simplifying production processes. The United States and Japan became the first pioneers in this region and soon after became more prominent in other nations. The growth and implementation of output execution system technologies have also given tremendous speed to Europe.
The rising demand for the globally manufacturing system (MES) market is expected to increase in order to better address emerging challenges in the production sector. Most organizations face difficulties in integrating modules of hardware with cloud infrastructure. Cloud-based manufacturing facility assigns an Internet protocol (IP) or transmission control protocol (TCP) to the device to connect certain hardware components. Factory execution can be merged with other ERP processes in the organization, and the rise of the manufacturing system (MES) industry worldwide is expected by this aspect. The incorporation of other ERP programs into MES reduces the need for separate applications, offers clearer knowledge on expected time periods for order fulfillment and increases decision-making. The dynamic complexity of technology might, however, inhibit market development of the global manufacturing system (MES).
North America will be the dominant region in the manufacturing execution system market, the region held a market share of 40% during forecast period. Regional hegemony is attributed to increased technical advances in machinery and heavy equipment production. The number of manufacturing companies in the area and the increasing start-up community are main factors driving demand growth in manufacturing systems. Yet the Asia Pacific region matches the industrial process network trend in North America closely, and global demand expansion in emerging countries such as China and India is attributed to strong production operations. The Middle East oil and gas industry, such as UAEs, Qatar and Iraq, gives the competitive execution sector considerable business prospects due to its expanded penetration in the region. The MES markets in South America are powered by the latest crude oil processing facilities in the Gulf of Mexico and by industrialization in Brazil.
Lockdown and social distancing may restrict COMMERCIAL trade growth in coming months
In contrast to the global GDP in 2020, the global GDP for 2020 is forecast to collapse because of the COVID-19 economic crisis. Social isolation and lock-outs is introduced to save lives and deter the dissemination of the disease within the population. These initiatives have, however, often resulted in reduced trade, thus interrupting the supply chain through sectors and regions. Commercial trade development is hampered with these fragmented supply chains. Output is limited to the lowest level and hence the usage of design execution method in manufacturing plants is directly influenced. These were some of the obstacles that the production device market will face over the next few months.
Major players included in this report are Accenture Plc, ABB, Andea Solutions Sp. z o.o., Emerson Electric Co., Dassault Systemes SE, GE Digital, Rockwell Automation, Inc., Honeywell Process Solutions, SAP AG, Schneider Electric SE, Werum IT Solutions GmbH, Siemens PLM Software, Inc., Yokogawa Electric Corporation, and others. In the existence of established MES facilities, out-of-box operations are introduced for the enhancement of product quality and the reduction of total cost of the drug. They often step away from heavy customization in order to manufacture standardized products. In fact, their spending in technologies and marketing around the globe is being stepped up slowly, due to relentless emphasis on cost control, greater method efficiency and system change capable of minimizing partially the impact on income and competence. Many of the key players concentrate on the creation and extension of alliances with other key players through innovation initiatives and capital.
The global manufacturing execution system market is segmented as below:
Manufacturing Execution System Market By Offering
Manufacturing Execution System Market By Deployment
Manufacturing Execution System Market By Vertical
Food & Beverages
Aerospace & Defense
Electronics and Semiconductor
Consumer Packaged Goods
Manufacturing Execution System Market By Geography
The market value of manufacturing execution system is anticipated to be around US$ 17,000 Mn in 2027.
It is anticipated to grow around 4% CAGR amid the forecast period.2020-2027
Asia Pacific held maximum share in 2019.
North America is projected to grow at a fast pace during forecast period from 2020-2027.
Increasing demand for implementation of industrial control systems is expected to drive the growth of the manufacturing execution system market.
Distortion due to high cost of establishment is a major factor expected to restraint the growth of the market.
Accenture Plc, ABB, Andea Solutions Sp. z o.o., Emerson Electric Co., Dassault Systemes SE, GE Digital, Rockwell Automation, Inc., Honeywell Process Solutions, SAP AG, Schneider Electric SE, Werum IT Solutions GmbH, Siemens PLM Software, Inc., Yokogawa Electric Corporation, and others are the prominent players in the manufacturing execution system market.