Manufacturing Execution System (MES) Market
The demand within the global manufacturing execution system (MES) market is growing on account of
advancements in the secondary sector. The essence of industrial manufacturing
lies in achieving agility of operations, and reducing the cost and time per
unit of production. Furthermore, industrial units have shown immense enthusiasm
in embracing computing technologies that can accelerate the process of
manufacturing. The pervasiveness of manufacturing execution systems has paved
way for increased revenues within the market. Decision-makers across industrial
units need to be wary of their responsibility in managing manufacturing
processes. Henceforth, the global manufacturing execution system (MES) market
is slated to attract voluminous revenues in the years to follow.
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In a report by Transparency Market Research (TMR), the total
value of the global manufacturing execution system (MES) market is expected to
touch US$ 18,067.9 Mn by 2025. Besides, the global manufacturing execution
system (MES) market is projected to expand at a CAGR of 11.2% over the period
between 2017 and 2025. Several services such as consulting, maintenance, and
integration fall under the purview of manufacturing execution systems. Use of
MES in the metal and mining industry shall also attract key revenues for the
global market.
Improving Dynamics of the Manufacturing Sector
The oil and gas industry has become an important consumer of
manufacturing execution systems. The need to expedite processes across this
industry has created fresh opportunities within the market. The scope of
manufacturing execution systems spans into a multitude of domains including
product lifecycle, material tracking, and product quality. The relevance of the
aforementioned operations within the manufacturing sector has generated
humongous revenues within the global manufacturing execution system (MES)
market. Furthermore, use of these systems in the aerospace and defense sector
has also garnered the attention of the masses. Development of cutting-edge
surveillance and reconnaissance technologies within the defense sector holds
immense utility for governments and state planning authorities.
Utility of MES in Physical and Cyber Security
The past decade has witnessed improvements in manufacturing
dynamics of several industrial units. The advent of new technologies within
healthcare manufacturing has become the basis for market growth. The need for
improved systems for physical and cyber security has also garnered the
attention of the vendors. Deployment of manufacturing execution systems in the
security sector shall bring in fresh revenues within the global market. The
electronics and electrical industry has also transcended as a prominent consumer
within the global manufacturing execution system (MES) market. Agility has
become the top-notch priority of industrial units, and this factor has
generated fresh revenues within the global market.
Some of the prominent players in the global manufacturing
execution system (MES) market are Honeywell International Inc., Schneider
Electric S.E., General Electric Company, Dassault Systems SA, General Electric
Co., and Emerson Electric Co.
The global manufacturing execution systems market can be
segmented by:
Process Industry
- Oil
and Gas
- Chemical
- Food
and Beverages
- Pulp
and Paper
- Pharmaceutical
- Energy
and Power Market
- Water
and Wastewater Treatment
Discrete Industry
- Automotive
- Aerospace
and Defense
- Electronics
and Electrical
- Medical
Devices
- Metal
and Mining
- FMCG
Component
- Software
- Cloud
- On-Premise
- Services
- Consulting
- Integration
- Maintenance
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