Asia Pacific Manufacturing Execution System Market Trends and Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia Pacific Manufacturing Execution System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Deployment (Cloud and On-Premise), and Industry Type (Process Industry and Discrete Industry)
- Report Date : May 2022
- Report Code : TIPRE00006675
- Category : Technology, Media and Telecommunications
- Status : Published
- Available Report Formats :
- No. of Pages : 139
The APAC manufacturing execution system market is expected to grow from US$ 2,872.80 million in 2021 to US$ 7,011.46 million by 2028; it is estimated to grow at a CAGR of 13.6% from 2021 to 2028.
The manufacturing execution system (MES) is easily integrated with various solutions, including supply chain management solutions, enterprise resource planning (ERP) solutions, product lifecycle management solutions, and information technology systems. Integrating MES solutions enables end users to enhance supply chain visibility, regulatory compliance, customer satisfaction, agility, time-to-market (TTM), machine utilization, energy efficiency, and sustainable production. The MES can directly pull data from equipment aligned with production and instantly share it with ERP systems with less human involvement. The data is analyzed to examine the quantities and qualities of materials consumed in the production process and items produced through it. It helps plant operators interact bidirectionally with production equipment, resulting in decreased downtime and optimized costs and inventory. Many ERP providers are focused on the Internet of Things (IoT) and the ability to form communication channels between several systems and devices. The MES improves communications between decision-makers and machines or equipment by directly extracting precise data from manufacturing equipment and sharing it with the ERP systems without human intervention. These data include many manufactured items, consumed materials, and qualitative data of items produced, yield losses, and quantities approved/non-approved after quality tests. Therefore, the integration of MES with systems installed in manufacturing plants reduces the time consumed on sharing production data manually to the ERP systems while ensuring the accuracy of data recorded. Thus, the high degree of integration with other solutions offers market opportunities for MES solution providers.
With the latest features and technologies, vendors attract new customers to grow their footprints in emerging markets. This factor is likely to drive the weather monitoring system market. The APAC manufacturing execution system market is expected to grow at a substantial CAGR during the forecast period.
APAC Manufacturing Execution System Market Revenue and Forecast to 2028 (US$ Million)
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APAC Manufacturing Execution System Market Segmentation
The APAC manufacturing execution system market is segmented based on component, deployment, industry type, and country. Based on component, the APAC manufacturing execution system market is bifurcated into software and services. The software segment dominated the market in 2020; however, the services segment is expected to be the fastest-growing segment during the forecast period. Based on deployment, the APAC manufacturing execution system market is bifurcated into cloud and on-premise. The on-premise segment dominated the market in 2020; however, the cloud segment is expected to be the fastest-growing segment during the forecast period. Based on industry type, the APAC manufacturing execution system market is bifurcated into process industry and discrete industry. The discrete industry segment dominated the market in 2020; however, the process industry is expected to be the fastest-growing segment during the forecast period. Further, the process industry segment is segmented into food & beverages market, pulp & paper market, chemical market, energy & power market, pharmaceutical & life sciences market, and others. Similarly, the discrete industry segment is segmented into automotive market, aerospace & defense market, consumer packaged goods market, medical devices market, electronics & semiconductors market, and others. Based on country, the APAC manufacturing execution system market is segmented into the Germany, UK, France, Italy, Russia, and Rest of Europe. AVEVA Group plc; Dassault Systemes SE; Emerson Electric Co.; General Electric Company; Honeywell International Inc.; Oracle Corporation; Rockwell Automation, Inc.; and SAP SE are among the leading companies in the APAC manufacturing execution system market.
Asia Pacific Manufacturing Execution System Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,872.80 Million |
| Market Size by 2028 | US$ 7,011.46 Million |
| Global CAGR (2021 - 2028) | 13.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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- AVEVA Group plc
- Dassault Systemes SE
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- Oracle Corporation
- Rockwell Automation, Inc.
- SAP SE
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