Manufacturing Execution System Market: Overview
Manufacturing execution system market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. The report covers all the major trends and technologies playing influential role in the market’s growth over the forecast period.
It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on global manufacturing execution system market’s evolution throughout the above mentioned forecast period in terms of revenue (US$ Mn).
Improved economic conditions globally have put pressure on manufacturing industries to increase effectiveness of production processes. This in turn is leading to increasing demand for automation within industries, aimed at optimizing production techniques and ensuring product quality.
The global MES market is anticipated to grow significantly during the forecast period, attributed to demand for improving productivity and executing complex production processes efficiently.
In addition, need for regulatory compliances in highly regulated industries such as food and beverages and pharmaceuticals is driving the demand for automation, which in turn is boosting the growth of the MES market across the globe.
Moreover, demand for paperless operations from manufacturing industries in developing countries such as China, India and Brazil is further expected to drive the growth of MES market during the forecast period.
A key trend boosting market growth, is the popularity of cloud-based MES deployments in discrete industries. Cloud-based MES-as-a-service is likely to be the next logical step in the evolution of automation technology in process industries. Such technological advancements have led to integration of MES with ERP and product lifecycle management (PLM) solutions.
Moreover, growing popularity of open source MES, which provides an alternative to expensive in-house design and reduces upfront development costs. Thus, with rising MES-as-a-service, PLM+MES+ERP systems and open source MES solutions are expected to provide ample of growth opportunities for the market
Advancements in industrial internet of things (IIoT) is offering new opportunities for key players operating in the global MES market. IoT is facilitating advancements in industrial mobility, cloud computing and big data analytics. This in turn is leading to emergence of next-generation MES solutions enabled with real time data analysis.
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Manufacturing execution system market is segmented on the basis of process industry, discrete industry and components. Based on process industry, the market is further segmented into oil & gas, chemical, food & beverages, pulp & paper, pharmaceutical, energy & power and water & wastewater treatment.
Based on discrete industry, the market is segmented into automotive, aerospace & defense, electronics & electrical, medical devices, metal & mining and FMCG. On the basis of components, the market is segmented into software and services.
Software segment is further bifurcated into cloud and on-premise. Whereas, services segment is bifurcated into consulting, integration and maintenance services.