Manufacturing Execution System Market Size to Reach USD 19270 Million by 2028 at a CAGR of 7.4% | Valuates Reports
BANGALORE, India, Feb. 14, 2022 /PRNewswire/ -- The MES Market is Segmented by Type (On Premises, On Demand, Hybrid), by Application (Beverages or Brewing Industrial, Refineries and Petrochemicals, Chemicals And Specialty Chemicals, Automotive, Pharmaceuticals, Metal or Paper): Opportunity Analysis and Industry Forecast, 2021–2028. It is published in Valuates Reports under the Manufacturing Category.
Due to the COVID-19 pandemic, the global Manufacturing Execution System market size is estimated to be worth USD 12550 Million in 2022 and is forecast to a readjusted size of USD 19270 Million by 2028 with a CAGR of 7.4%
Major factors driving the growth of the MES market are:
The growing need to shorten manufacturing cycles, visibility across the entire operation, improve product quality, reduce or eliminate paperwork between shifts, shorten lead times, empower plant operations staff and real-time updates are factors that are expected to propel the MES market forward.
Manufacturing execution systems (MES) are used in a variety of industries, including automotive, semiconductor, electronics, food processing, pharmaceuticals, aerospace, medical devices, and textiles, and have high efficiency, low deployment cost, and wide adoption. Thus the growing end-user application is expected to drive the growth of the MES market.
Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-10U2418/Global_Manufacturing_Execution_System_Market
TRENDS INFLUENCING THE GROWTH OF MES MARKET
The MES market is expected to grow in response to the need for manufacturers to make quick, informed decisions in rapidly changing operating environments. Faster innovation means faster manufacturing change, which increases variability and puts additional pressure on operations to maintain high-quality standards. Manufacturing Execution Systems (MES) provide real-time data that enables production activities from order placement to finished goods to be optimized. MES uses current and accurate data to guide, initiate, respond to, and report on plant activities as they occur. Plant operations and processes are driven by the ability to respond quickly to changing conditions, as well as a focus on reducing non-value-added activities.
Additionally, MES improves return on operational assets, on-time delivery, inventory turns, gross margin, and cash flow performance. MES provides mission-critical information about production activities across the enterprise and supply chain via bi-directional communications. These advantages offered by MES are expected to further drive the growth of the Manufacturing Execution Systems market.
The MES market is expected to grow due to an increase in use in the pharmaceutical industry. Pharmaceutical companies can use Manufacturing Execution Systems (MES) to boost productivity and cut costs while maintaining regulatory compliance. To improve regulatory compliance and data integrity, pharmaceutical companies are abandoning paper batch records in favor of electronic batch recording and MES. They understand how important it is to integrate MES technology with ERP and other complementary systems in order to ensure high manufacturing process quality and more effective, efficient regulatory compliance.
Browse The Table Of Contents And List Of Figures At:
https://reports.valuates.com/market-reports/QYRE-Auto-10U2418/global-manufacturing-execution-system
MES MARKET SHARE ANALYSIS
Based on type, the cloud segment is expected to be the most lucrative segment during the forecast period.
Based on application, pharmaceutical is expected to be the most lucrative segment. Life sciences companies are looking for solutions to help them standardize their manufacturing processes across multiple locations in various regions. Electronic approval is used by manufacturing execution systems to help manufacturers standardize their workflow and reduce lead times. They also help with data management, which is then used to meet regulatory requirements.
Based on region, Asia Pacific is expected to be the most lucrative region. During the forecast period, APAC will hold the largest share of the manufacturing execution system market. In APAC, manufacturing execution systems are in high demand for converting manual or legacy systems to automated systems. Due to the country's growing number of manufacturing units, the MES market in China is expected to grow, driving up demand for MES software.
Key Players:
- ABB
- Accenture
- Andea Solutions
- Aptean
- Dassault Systemes
- Emerson
- Eyelit
- Fujitsu
- GE Digital
- HCL Technologies
- Honeywell
- IBASEt
- Krones.
Inquire for Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-10U2418/Global_Manufacturing_Execution_System
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-10U2418&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- The global Industrial Controls and Factory Automation market size is projected to reach USD 208150 Million by 2027, from USD 128090 Million in 2020, at a CAGR of 7.2% during 2021-2027.
- The global Discrete Automation market size is projected to reach USD 7608.9 Million by 2027, from USD 4876.2 Million in 2020, at a CAGR of 6.1% during 2021-2027.
- The supply chain management market was valued at USD 18,699.45 Million in 2020, and is projected to reach USD 52,632.37 Million by 2030, registering a CAGR of 10.7%.
- Global MES Software Market Size, Status and Forecast 2022
- Global MES and ECQM Market Insights and Forecast to 2028
- Global Manufacturing Execution Systems in Process Market Insights and Forecast to 2028
- Global Manufacturing Execution Systems in Discretes Market Insights and Forecast to 2028
- Industrial Management and Maintenance Service Market Size, Share, Growth & Trends Analysis Report By Type, Application, and Segment Forecasts, 2021 to 2027
Click here to see related reports on MES Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article