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Manufacturing Execution Systems

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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 valu
Manufacturing Execution Systems to Reach a Valuation of USD 19,364.7 Million in 2023
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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https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2724
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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https://www.transparencymarketresearch.com/checkout.php?rep_id=2724&ltype=S
Author
ashutosh
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