Manufacturing Execution System Global Market Report 2024

A Manufacturing Execution System (MES) is an encompassing and dynamic software crafted to oversee, trace, document, and govern the manufacturing process from raw materials to the final product. It serves as a functional intermediary between Enterprise Resource Planning (ERP) and process control systems by providing decision-makers with data to establish efficient and optimized production activities.

The primary offerings of Manufacturing Execution Systems include both software and services. The software component represents a specialized category of production-oriented software expressly designed to manage, monitor, and synchronize the execution of real-time physical processes involved in transforming raw materials into finished products. These systems are deployed through on-premise, on-demand, and hybrid delivery models. They find application in small and medium-sized enterprises as well as large enterprises across various industries such as food and beverages, oil and gas, chemicals, pulp and paper, pharmaceuticals and life sciences, energy and power, water and wastewater treatment, and other sectors.

The manufacturing execution systems market research report is one of a series of new reports that provides manufacturing execution systems market statistics, including manufacturing execution systems industry global market size, regional shares, competitors with a manufacturing execution systems market share, detailed manufacturing execution systems market segments, market trends and opportunities, and any further data you may need to thrive in the manufacturing execution systems industry. This manufacturing execution systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The manufacturing execution system market size has grown rapidly in recent years. It will grow from $14.25 billion in 2023 to $15.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The increase observed in the historical period can be credited to the demand for operational efficiency, adherence to compliance and quality management, the adoption of lean manufacturing practices, emphasis on quality control and traceability, and initiatives aimed at enhancing workforce productivity.

The manufacturing execution system market size is expected to see rapid growth in the next few years. It will grow to $24.52 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The anticipated expansion in the forecast period can be ascribed to the implementation of advanced analytics and predictive maintenance, the enhancement of supply chain resilience, optimization of energy efficiency, the transition to paperless manufacturing operations, a focus on regulatory compliance and reporting, and the integration and visibility of the supply chain. Prominent trends expected in the forecast period encompass integration with Industry 4.0 and smart manufacturing practices, the adoption of cloud-based MES solutions, real-time data analytics and reporting, heightened attention to cybersecurity, collaboration with ERP systems, AI-driven process optimization, and the integration of digital twin technology.

The growth of the manufacturing execution system market is anticipated to be driven by the increasing demand for mass production and a connected supply chain to meet the needs of the growing global population. Companies are making substantial investments in advanced software and AI-based systems to keep pace with the rising demand for mass production activities and interconnected supply chains. A study by the United Nations Industrial Development Organization reported a year-on-year growth of 3.3% in global manufacturing production in Q4 of 2021, following increases of 5.8% and 17.8% in Q3 and Q2, respectively. Additionally, the implementation of manufacturing execution systems in production lines, as highlighted by a Global Industry 4.0 Survey conducted by PwC, contributed to a 30% increase in productivity. This implementation also resulted in increased return on investment (ROI) through cost savings of 3% and additional revenue of 3%. Consequently, the emphasis on mass production and a connected supply chain is poised to propel the manufacturing execution system industry.

The surge in the demand for remote work is expected to be a driving factor for the growth of the manufacturing execution system market. Remote work involves performing job tasks outside the traditional office or workplace setting. Manufacturing Execution Systems (MES) facilitate remote work by providing real-time visibility and control over manufacturing operations, enabling remote teams to monitor and manage production processes from different locations. A survey conducted by FlexJobs' Career Pulse in 2022 revealed that 65% of respondents expressed a strong preference for full-time remote work, while 32% desired a hybrid work arrangement. This significant percentage, totaling 97%, indicates a widespread desire for remote work options. Hence, the increased demand for remote work is a key driver for the manufacturing execution system market.

Major players in the manufacturing execution system market are introducing the latest versions of MES to meet the demand for improved operational efficiency. The latest MES versions represent the most current releases of the software, incorporating the latest features, improvements, and bug fixes for managing and monitoring manufacturing processes. For example, in February 2023, AVEVA, a UK-based corporate payment specialist, launched AVEVA Manufacturing Execution System 2023. This version brings improvements for multi-site MES solutions, streamlining operational efficiency, sustainability, and supply chain resilience. The update allows for a single centrally deployed MES across various locations, reducing the total cost of ownership and incorporating worker shift management, enhanced security, and support for multi-site MES data center deployments.

Major companies in the manufacturing execution system market are rolling out cloud solutions to address the growing complexity of manufacturing operations. Cloud Manufacturing Execution System (MES) represents a cloud-native solution for manufacturing enterprises, providing real-time data accessibility, eliminating data silos, and increasing productivity while reducing the total cost of ownership. For instance, in December 2022, Tulip, a US-based SaaS company, launched a Cloud Manufacturing Execution System powered by AWS Solutions Library. This cloud-native solution allows manufacturing enterprises to digitize their operations with flexibility, scalability, and reliability. It aligns with Amazon Web Services' vision of modern MES and smart manufacturing transformation.

In September 2021, Honeywell, a US-based company providing modular solutions for life science operations efficiency, compliance, and digital transformations, acquired Performix Inc. for an undisclosed amount. This strategic move by Honeywell aims to build the world's top integrated software platform for customers in the life sciences industry. The integrated platform is designed to achieve faster compliance, enhanced reliability, and higher production throughput while maintaining the highest levels of quality. Performix Inc., a Houston-based company, specializes in offering manufacturing execution system (MES) software for the pharmaceutical and biotech industries.

Major companies operating in the in the manufacturing execution system market report are ABB Ltd.,AVEVA Group plc, Dassault Systèmes, Honeywell International Inc., Rockwell Automation Inc.,Siemens AG,Schneider Electric SE,Dassault Systèmes,Emerson Electric Co.,General Electric Company,Honeywell International Inc.,Werum IT Solutions,Parsec Automation Corp.,PTC Inc.,Yokogawa Electric Corporation,SAP SE,Schneider Electric SE,Lighthouse Systems,Critical Manufacturing,Cogiscan Inc.,Andea Solutions,Plex Systems Inc.,Sanmina Corporation,Applied Materials Inc.,L&T Technology Services,ATS Global B. V.,MPDV Mikrolab GmbH,CIMON Inc.,Prolink Technologies,Aegis Industrial Software Corporation

Asia-Pacific was the largest region in the manufacturing execution system market in 2023. The regions covered in the manufacturing execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the manufacturing execution system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The manufacturing execution system market includes revenues earned by entities by providing services such as business planning and logistics, manufacturing operations management, process control systems, batch control, continuous control, discrete control. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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