MES Market Expansion: Navigating the USD 9.65 Billion Growth Landscape Amidst Rising Automation Trends in Industrial Markets
NEW YORK, NY, December 05, 2023 /24-7PressRelease/ — 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, these factors are expected to drive market growth during the forecast period.
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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. This increases the overall cost structure of the company because it is necessary to integrate expensive hardware and software in order to install MES. In addition, the need for application specifics is being strengthened by growing complexities in manufacturing sectors. Hence, these factors are expected to restrict market growth during the forecast period.
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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. The various sectors include the automotive sector, electronics and semiconductors industry, aerospace and defense industries, and medical equipment technology. Furthermore, in the electronics and semiconductor manufacturing industry, helps meet customer demand and regulatory needs including traceability and the presentation of new technologies in equipment, components, or processes through MES solutions. These solutions make it easier to achieve higher overall productivity through quicker inventory turnover, reduced lead time for production, and targeted delivery of products. Similarly, the MES provides information on realtime quality checks and an automated tolerance check to increase collaboration and improve communication with internal teams in the industry of aeronautics and defense which improves product quality and eliminates errors.
• 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.
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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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ToC:
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
About Technavio
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