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Manufacturing Execution Systems (MES) Market to grow by USD 9.65 billion from 2022 to 2027, Continued demand for automation in industrial sectors boosts the market - Technavio
Tuesday, November 14, 2023
NEW YORK, Nov. 6, 2023 /PRNewswire/ -- The manufacturing execution systems (MES) market by end-user (discrete industries and process industries), deployment (hybrid, on-premise, and cloud-based), and geography (APAC, North America, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027 report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the manufacturing execution systems (mes) market between 2022 and 2027 is USD 9.65 billion. The continued demand for automation in industrial sectors drives market growth. Several industries are seeking ways and means to improve their efficiency and enhance the productivity of their manufacturing methods. As a result, it has fuelled the automation of industrial processes. Furthermore, MES enables the flow of information from the shop floor to the rest of the company, which leads to better visibility of the shop floor and through which real-time control and adjustments to operations can be made easily. Hence, such factors drive the market growth. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Market Challenge -
-- High upfront initial investment and complex installation procedures
hinder market growth. There is an upfront investment of USD 100,000
required for the implementation of the MES coupled with an annual
maintenance and upgrading cost of USD 160,000. Hence, such a huge
investment limits the adoption and hinders market growth during the
forecast period.
Learn about additional key drivers, trends, and challenges available with Technavio. Read a Sample PDF Report Now
The manufacturing execution systems (MES) market is segmented by end-user (discrete industries and process industries), deployment (hybrid, on-premise, and cloud-based), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
-- The market share growth by the discrete industries segment is
significant during the forecast period. Discrete industries comprise the
automotive industry, electronics, and semiconductor manufacturing
industry, aerospace and defense industry, and medical equipment
technology industry. In addition, MES solution helps in meeting customer
demand and regulatory needs including traceability, besides presenting
new technologies regarding equipment, components, and processes.
Geo Segment -
-- APAC accounts for 39% of the market growth during the forecast period.
The main factor that is significantly contributing to the market growth
in APAC is the rising need for energy which will increase oil and gas
exploration and production activities.
View the Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the manufacturing execution systems (MES) market:
ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Critical Software, Dassault Systemes SE, Durr AG, Emerson Electric Co., Fujitsu Ltd., General Electric Co., Honeywell International Inc., Koerber AG, MPDV Mikrolab GmbH, Oracle Corp., PSI Software AG, Rockwell Automation Inc., Sanmina Corp., SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.
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Manufacturing Execution Systems (MES) Market Scope
Report Coverage
Details
Base year 2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR Accelerate at a CAGR of 11.07%
Market growth 2023-2027
USD 9.65 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 9.3
Regional analysis APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution APAC at 39%
Key countries
US, China, Japan, UK, and Germany
Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and
Industry Risks
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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SOURCE Technavio
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