Manufacturing Execution System Market is expected to reach US$ 24,286.32 Million by 2028

High Degree of Integration with Other Solutions to Create Lucrative Opportunities for Manufacturing Execution System Market during 2021–2028

According to our latest market study on “Manufacturing Execution System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Deployment, and Industry Type,” the market is projected to reach US$ 24,286.32 million by 2028 from US$ 11,880.90 million in 2021; it is expected to grow at a CAGR of 10.8% from 2021 to 2028.

The manufacturing execution system (MES) is often integrated with other solutions, such as supply chain management solutions, enterprise resource planning (ERP) solutions, product lifecycle management solutions, and other information technology systems. This ease of integration of the MES solution allows end users to improve supply chain visibility, regulatory compliance, customer satisfaction, agility and time-to-market (TTM), machine utilization and energy efficiency, and sustainable production. The MES directly pulls data from equipment aligned with production and instantly shares it with ERP systems, with minimum human intervention. The data is analyzed to examine the quantities and qualities of materials consumed in the production process and its items. It also helps plant operators interact bidirectionally with production equipment and other systems, thereby decreasing downtime and optimized costs and inventory.

Several ERP providers are focused on the Internet of Things (IoT) and the ability to form communication connections between various systems and devices. The MES help improve communications between decision-makers and machines or equipment, as they can directly extract precise data from manufacturing equipment and share them with the ERP systems without human intervention. These data may include quantities of items manufactured and materials consumed and qualitative data related to items produced, yield losses, and quantities approved/non-approved after quality tests. Thus, the integration of MES with other systems installed in manufacturing plants helps reduce time spent on the manual sharing production data to the ERP systems, alongside ensuring the accuracy of data recorded. Therefore, the high degree of integration with other solutions offers opportunities for manufacturing execution system market.

Based on component, the manufacturing execution system market is segmented into software and services. In 2021, the software segment led the manufacturing execution system market and accounted for a larger market share. Based on deployment, the manufacturing execution system market is segmented into cloud and on-premise. In 2021, the on-premise segment accounted for a larger market share. Based on industry type, the manufacturing execution system market is segmented into process industry and discrete industry. In 2021, the discrete industry segment led the market and accounted for a larger market share. Geographically, the manufacturing execution system market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share in the global manufacturing execution system market.

Impact of COVID-19 Pandemic on Manufacturing Execution System Market

The tremendous spread of the COVID-19 pandemic had urged governments worldwide to impose strict restrictions on vehicles and human movement. Due to travel restrictions, mass lockdowns, and business shutdowns, the COVID-19 pandemic has affected economies and countless manufacturing and production industries in various countries. The lockdown imposition has reduced the production of commodities, goods, and services.

In 2020, the COVID-19 pandemic adversely affected the global economies, leading to many challenges. Several manufacturing industries were temporarily closed because of lockdowns, which reduced the demand for manufacturing execution system (MES) solutions globally. According to the World Manufacturing Production Statistics by the United Nations Industrial Development Organization (UNIDO), for the second quarter (April–June) in 2020, global manufacturing output decreased by 11.2% compared to the same quarter in 2019. China is expected to record a greater drop (1.6%) than industrialized economies in the US, and Europe, wherein value-added in 2020 plummeted by 15% and 14.3%, respectively. Therefore, as the MES solutions are directly proportional to manufacturing activities, the manufacturing execution system market was adversely affected by the COVID-19 pandemic.

42Q; AVEVA Group plc; Dassault Systèmes SE; EAZYWORKS INC.; Emerson Electric Co.; General Electric Company; Honeywell International Inc.; Oracle Corporation; SAP SE; and Rockwell Automation, Inc. are a few key players operating in the global manufacturing execution system market. Several other market players have been analyzed to understand the manufacturing execution system market.

Manufacturing Execution System Market - by Geography, 2021 and 2028 (%)

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com