Manufacturing Execution Systems - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Manufacturing Execution Systems Market is accounted for $11.95 billion in 2019 and is expected to reach $38.66 billion by 2027 growing at a CAGR of 15.8% during the forecast period. Rising importance of regulatory compliance and low deployment cost are the major factors propelling the market growth. However, high investment and running costs involved in implementation and upgrade of manufacturing is hampering the market growth.
Manufacturing execution systems are incorporated with supply chain organization, product lifecycle management, and enterprise resource planning applications to make possible visibility control, and synchronization in the built-up processes. The prime purpose of built-up execution systems is to make stronger the overall manufacturing process capability, irrespective of the developed production capacity. It also offers high productivity, at lower cost, in a short turnaround time. The conventional manual based process is now being replaced with associated network of numerous manufacturing execution systems.
Based on the offering, the services segment is estimated to have a lucrative growth due to getting better efficiency as well as the manufacture process by dropping wastage and making time. The main built-up implementation systems processes are carried out during and later than implementation, as the functioning process. This segment also contains post-sales services such as setting up, maintenance, and software upgrades.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growth is attributed to rising industrialization and urbanization in the region. Furthermore, APAC has a large pool of established manufacturing companies and SMEs in China and India, among others, due to the availability of labour at cheap rate and overall low manufacturing costs, which encourages investors to invest in this region.
Some of the key players profiled in the Manufacturing Execution Systems Market include Siemens, Werum It Solutions , Rockwell Automation, SAP, ABB, Dassault Systèmes, Honeywell International, Aveva, Applied Materials, Oracle, General Electric , Miracom, Forcam, Emerson Electric and MPDV.
• Document Control
• Inventory Management
• Production Performance Analysis
• Production Tracking & Status
• Quality Analysis
• Resource Allocation & Dispatch
Process Industries Covered:
• Food & Beverages
• Energy & Power
• Oil & Gas
• Pharmaceutical & Life Sciences
• Pulp & Paper
• Water & Wastewater Management
• Other Process Industries
Discrete Industries Covered:
• Aerospace & Defense
• Consumer Packaged Goods
• Healthcare and Medical Devices
• Fast Moving Consumer Goods (FMCG)
• Other Discrete Industries
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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