The manufacturing execution system market size to be worth $24.28 billion, globally, by 2028 at a CAGR of 10.8%

NEW YORK, March 18, 2022 /PRNewswire/–The Insight Partners has released the latest research study on “Manufacturing Execution System Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component (Software and Services), Deployment (Cloud and On-Premise) and Industry Type (Process Industry and Discrete Industry)”, the global IT systems market manufacturing execution was valued at $11.88 billion in 2021 and is expected to reach $24.28 billion by 2028; it is expected to grow at a CAGR of 10.8% from 2021 to 2028.

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Details

Market size Value in

US$11,880.90 million in 2021

Market Size Value by

$24,286.32 million by 2028

Rate of growth

CAGR of 10.8% from 2021 to 2028

Forecast period

2021-2028

Year of reference

2021

Number of pages

188

Number of tables

97

Number of graphs and figures

90

Historical data available

Yes

Segments Covered

Component, Deployment, and Industry Type

Regional scope

North America; Europe; Asia Pacific; Latin America; AEM

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

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Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Manufacturing Execution Systems Market: Competitive Landscape and Key Developments

42Q; AVEVA Group plc; Dassault Systemes SE; EAZYWORKS INC. ; Emerson Electric Co.; General electricity company; Honeywell International Inc.; Oracle Corporation; SAP SE; and Rockwell Automation, Inc. are some key players profiled while studying the global Manufacturing Execution System market. Additionally, several other key players in the market have been researched and analyzed to get a holistic view of the market and its ecosystem.

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In November 2021, AVEVA launched Vision AI Assistant 2021, an analysis tool based on image classification. The artificial intelligence solution is currently integrated with AVEVA Insight and the system platform and operations management interface, and the extension is expected to strengthen its position as a market leader in innovation.

In September 2018Fabbriica Italiana Sintetici (FIS), a leading manufacturer of active pharmaceutical ingredients, chose Emerson to digitize operations and work processes at three manufacturing sites across Italy. The development led to Emerson’s close relationship with FIS and expanded the company’s presence in Europe.

In response to modern security threats, manufacturers are focusing on improving the capabilities of MES with the integration of advanced technologies, such as artificial intelligence (AI), to quickly analyze large volumes of data. AI supports rapid mathematical calculations to augment vital human intelligence capabilities and detect threats such as anomalies, outliers, and patterns effortlessly with less-skilled manpower. Many MES service providers have integrated their existing solutions with AI to enhance their incident analysis and response capabilities. With increasing end-user expectations regarding user behavior and threat detection capabilities, the integration of existing MES with advanced analytical technologies is driving the growth of the manufacturing execution systems market.

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Manufacturing Execution Systems Market: Component Overview

Based on components, the manufacturing execution systems 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. It is expected to maintain its dominance over the forecast period. The Manufacturing Execution System is designed and built for manufacturing operations. Most manufacturing companies use a planning process, such as manufacturing resource planning or enterprise resource planning, to determine which products should be produced. Manufacturing Execution Systems reduce work in process inventory, reduce manufacturing cycle time, improve product quality, reduce data entry time and many more. These factors are driving the global manufacturing execution systems market.

Impact of COVID-19 Pandemic on Manufacturing Execution System Market:

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

In 2020, the COVID-19 pandemic has had a negative impact on global economies, bringing many challenges. Several manufacturing industries have been temporarily shut down due to lockdowns, which has reduced the demand for Manufacturing Execution System (MES) solutions globally. According to United Nations Industrial Development Organization (UNIDO) global manufacturing production statistics, for the second quarter (April-June) of 2020, manufacturing output decreased by 11.2% compared to the same quarter. in 2019. China experienced a larger decline (1.6%) than industrialized economies in the United States and Europe, where value added in 2020 fell by 15% and 14.3%, respectively. Therefore, as MES solutions are directly proportional to manufacturing activities, the manufacturing execution systems market has been affected by the COVID-19 pandemic.

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Easings of lockdown restrictions have led to the resumption of manufacturing activities, with modernized and improved supply chains, which has further propelled the use of MES. Increase in demand for MES in 2022 owing to their growing applications in manufacturing industries and increasing use of high-tech products based on artificial intelligence (AI) in these industries is driving the growth of the market.

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Industrial Cloud Platform Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Solution (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution System (MES), Human-Interface machine (HMI), product life cycle management (PLM) ), others ); components (platform, professional service); end user (oil and gas, power generation, water and wastewater management, food and beverage, mining and metals, others) and geography

Smart and Mobile Supply Chain Solutions Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Components (Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Procurement and Procurement, Supply Chain Planning (SCP) , Manufacturing Execution Systems (MES) ); Company size (small and medium enterprises, large enterprises); Vertical (BFSI, Government, Transportation & Logistics, Healthcare, Manufacturing, Retail & Consumer Goods, Other) and Geography

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The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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Marjorie N. McClure