Modern Manufacturing Execution Systems (MES) Market Set for Rapid Growth and Trend by 2022-2030 Covid-19 Analysis
Market Overview
Modern Manufacturing Execution System Industry is evaluated to grow USD 97,310.2 million at a cagr of 20.5% during the forecast period 2022-2030.
Globally, the modern manufacturing execution system (MES) market has been categorized into four regions—North America, Europe, Asia-Pacific, and the rest of the world. The rest of the world segment has been further divided into the Middle East & Africa and South America. North America led the modern manufacturing execution market in 2018, whereas Asia-Pacific is expected to be the fastest-growing region in the modern manufacturing execution market during the forecast period. Europe followed North America in the modern manufacturing execution market in terms of share in 2018.
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Synopsis
The global modern manufacturing execution system market is classified based on component, deployment, discrete industry, and region.
Based on component, the modern manufacturing execution system market has been segmented into software and services.
Based on deployment, the modern manufacturing execution system market has been segmented into on-premises, on cloud, and hybrid.
Based on discrete industry, the modern manufacturing execution system market has been divided into automotive, aerospace & defense, medical, FMCG, electronics, and others.
Competitive Analysis
The key players of the global modern manufacturing execution system market include Siemens AG (Germany), ABB LTD (Switzerland), Emerson Electric CO. (US), General Electric Company (US), Applied Materials Inc (US), SAP SE (Germany), Werum IT Solutions Gmbh (Germany), Rockwell Automation Inc (US), Dassault Systemes (France), Honeywell Internationational Inc (US), and Tebis Technische Informationssyteme AG (US).
Regional Analysis
The geographic analysis of the modern manufacturing execution system market szie has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
The major modern manufacturing execution system providers in the region holding the largest market share are expected to contribute to this region's dominance in the market during the forecast period. Among the key countries in North America, the US has witnessed a steady growth in the modern manufacturing execution system market over the last decade owing to the high demand for these systems from the industries such as water and wastewater treatment, food and beverage, power industries.
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As per MRFR analysis, Europe accounted for nearly one-third of global investment in Industry 4.0, and the countries in Western and Northern Europe, mostly Germany, are the principal markets. Rapid Adoption of IoT and industrial automation has enhanced the growth of the modern manufacturing executions system market in the region to a fair degree.
Government initiatives to support industrial automation drive the demand for modern manufacturing execution systems in Asia-Pacific. Manufacturing plants in the region are heavily investing in R&D for industrial automation, Industrial Internet of Things (IIoT), and cloud technology. These manufacturing companies are increasingly adopting new, improved modern manufacturing execution systems.
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