Manufacturing Execution System Market to touch US$18 bn by 2025 - TMR
June 14, 2018 --
Manufacturing Execution System (MES) Market (Process Industry - Oil and Gas, Chemical, Food and Beverages, Pulp and Paper, Pharmaceutical, Energy and Power, 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) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
ALBANY, New York, June 14, 2018 (GLOBE NEWSWIRE) -- With the presence of some large well-established companies, the global manufacturing execution system (MES) market features a largely consolidated vendor landscape, as per a research report by Transparency Market Research (TMR). These companies are aggressively focused on improving their technical expertise and product offerings which translates into stiff competition in this market.
Prominent companies operating in the global manufacturing execution system market include ABB Ltd., General Electric Company, Dassault Systems SA, General Electric Co., sap se, Yokogawa Electric Corporation, Prolink Solutions, OpMetrik, Schneider Electric S.E., Emerson Electric Co., IQMS, HCL Technologies Limited, Atos SE, Sage Automation, and Siemens AG.
A report by TMR estimates the global manufacturing execution system market will expand at CAGR of 11.2% during the forecast period between 2017 and 2025, for the market to be evaluated at US$18,067.9 mn by the end of 2025. In terms of process industry, the manufacturing execution system market is segmented into oil & gas, food & beverages, pharmaceutical, water & wastewater treatment, chemical, pulp & paper, and energy & power. By component, software and service are the segments into which the global manufacturing execution system market is bifurcated.
Mandates to Adhere to Safety Compliances in Highly Regulated Industries Boosts Adoption
Improved economic conditions worldwide is pressurizing the manufacturing sector to increase efficiency of production processes. This in turn is necessitating deployment of automated processes to enhance production efficiency and maintain product quality. In addition, regulatory compliances in place in highly regulated industries such as pharmaceuticals and food and beverages is driving the demand for automation to minimize human error. This is driving adoption of manufacturing execution system in these sector. Moreover, uptake of paperless operations in the manufacturing sector in countries such as India, China, and Brazil is predicted to boost the manufacturing execution system market over the forecast period.
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Emergence of Cloud-based MES Solutions leading to Increased Capabilities Benefits Market
Rising popularity of deployment of cloud-based manufacturing execution system is a key trend boosting the MES market. Cloud-based MES is likely to pace up adoption of automated processes in process industries. These technological developments have led to integration of MES with product lifecycle management (PLM) and enterprise resource planning (ERP) solutions. Furthermore, rising popularity of open source MES serves to replace expensive in-house system and decrease upfront development costs. Thus, combination of ERP+ MES+PLM that are based on open source MES solutions are expected to provide ample growth opportunities to this market.
Apart from this, advancements in industrial internet of things (IIoT) is providing new opportunities for key players in the global manufacturing execution system market. IIoT facilitating advancements in industrial mobility and cloud computing. This is leading to the emergence of next-generation MES solutions with real-time information exchange.
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The fast pace of growth of MES market and technological advancements are attracting several players to develop comprehensive suite of MES solutions. Players are leveraging increased capabilities of MES when integrated with ERP and PLM solutions to develop new MES solutions. For example, in 2017, Atos SE introduced a comprehensive suite of solutions developed for SAP HANA which allows manufacturers to improve production uptime considerably.
The review presented is based on the findings of a TMR report, titled “Manufacturing Execution System (MES) Market (Process Industry - Oil and Gas, Chemical, Food and Beverages, Pulp and Paper, Pharmaceutical, Energy and Power, 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) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
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The global MES market is segmented as follows;
Global Manufacturing Execution System Market, By Process Industry
- Oil and Gas
- Food and Beverages
- Pulp and Paper
- Energy and Power Market
- Water and Wastewater Treatment
Global Manufacturing Execution System (MES) Market, By Discrete Industry
- Aerospace and Defense
- Electronics and Electrical
- Medical Devices
- Metal and Mining
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