Manufacturing Execution System Market
The Manufacturing Execution System Market was estimated around USD 25,090 million in 2019 and is predicted to grow at a CAGR of 15.4% over the forecast period (2020-2027).
The factors driving the growth of Manufacturing Execution System Market includes increasing application of manufacturing execution systems in end-use industries such as pulp and paper, oil and gas and Food & Beverages, emerging need for developing a connected supply chain in the manufacturing sector and Government initiatives promoting industrial manufacturing. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) by manufacturers, rising focus by companies on reducing downtime costs and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes, improvements in living standards and growing population growth rates, are further contributing towards the market growth.
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However, growth of the Manufacturing Execution System Market is hindered due to high upgradation and maintenance cost of manufacturing execution systems.
The prominent players operating in the Manufacturing Execution System Market are Oracle Corporation, Siemens AG, Dassault Systèmes SE, ABB Ltd., Honeywell International, Inc., Rockwell Automation, Inc., AVEVA plc, SAP SE, Werum IT Solutions GmbH and Applied Materials, Inc., among others.
Based on Deployment, the On-Premises segment is predicted to capture the largest market share during the forecast period
Manufacturing execution systems enhances level of security along with its increasing application in pulp & paper, energy & power, and chemicals, are some of the factors responsible for the segment’s growth.
Based on Process Industry, the Pharmaceutical & Life Sciences segment is projected to hold the highest market share over the forecast period
Manufacturing execution systems helps pharmaceutical companies to reduces risk, time, and cost, enhancing product quality and provide real time information on requirement changes, are propelling Manufacturing Execution System Market size.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Government initiatives promoting digitalization, growing adoption of advanced technologies by major corporations, rapid growth in the manufacturing sector, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
- In Oct 2019, Rockwell Automation completed the acquisition of MESTECH Services, a Manufacturing Execution Systems, digital solutions consulting, and systems integration services provider company. T
- In Jan 2019, Dassault Systèmes acquired IQMS, California-based ERP software company, for USD 425 million. Through this acquisition Dassault Systèmes will expand the 3DEXPERIENCE platform to small and midsized manufacturing companies pursuing to transform their business operations digitally.
Market Segmentation
Segmentation by Offering
- Software
- Service
Segmentation by Deployment
- On-Premises
- On-Demand
- Hybrid
Segmentation by Process Industry
- Food & Beverages
- Oil & Gas
- Chemicals
- Pulp & Paper
- Pharmaceutical & Life Sciences
- Energy& Power
- Water & Wastewater Management
- Others
Segmentation by Discrete Industry
- Automotive
- Aerospace & Defense
- Medical Devices
- Consumer Packaged Goods
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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